What are the types of damages that can be recovered in an insurance claim?

In an insurance claim in Arkansas, an individual who has been injured or suffered some type of harm may seek to recover damages from the responsible party through a legal process. Generally, damages can include both economic and non-economic losses. Economic losses refer to costs incurred as a direct result of the injury or harm. These can include medical bills, property damage, lost wages, and other out-of-pocket expenses. Non-economic losses, also called “general” damages, refer to losses that are not directly tied to a monetary cost, such as pain and suffering, mental anguish, and loss of enjoyment of life. In addition, Arkansas law may enable claimants to seek punitive damages. Punitive damages are designed not only to compensate the claimant for his or her losses, but to also punish the party responsible for the harm. Punitive damages are awarded when the defendant’s conduct is particularly outrageous or malicious. Lastly, it is also possible to recover emotional distress damages in Arkansas. These damages are typically awarded to compensate the claimant for emotional distress suffered as a result of the injury or harm. Examples of emotional distress can include depression, anxiety, fear, and humiliation. In summary, the types of damages that may be recovered in an insurance claim in Arkansas include economic losses, non-economic losses, punitive damages, and emotional distress damages.

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