What happens to any recovered damages in a tire failure case?

In Washington, if a person wins a tire failure case, there are several ways in which the court may handle the recovered damages. Typically, the court will award the plaintiff, the person who filed the case, a lump sum of money in order to compensate them for the losses they experienced, such as medical bills, lost wages, or pain and suffering. The court may also award the plaintiff with a structured settlement in lieu of a lump-sum payment. This type of settlement involves the court awarding a series of periodic payments, rather than a single payment. The payments can be made over the course of a few years, and can be paid out monthly, quarterly, semi-annually, or annually. The payments may also be invested into an annuity, which is a financial tool that will generate a certain amount of income each year. The court may also award punitive damages in a tire failure case. In Washington, punitive damages are intended to punish the defendant for their behavior, rather than to compensate the plaintiff. This money may be used to cover legal and court costs, as well as for any other purpose determined by the court. No matter how the court awards the recovered damages, the plaintiff is then responsible for determining how to use the money. They may use it to pay for expenses related to their injury, or they may save it for future expenses. It is important for the plaintiff to understand how this money should be used in order to protect their financial interests.

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What happens to any recovered damages in a tire failure case?

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