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Knowing the Different Types of Financial Compensation

Whether you are injured in a car accident, from a medical professional’s careless actions, or from a hazard on someone else’s property, you may feel like you have nowhere to turn as you deal with these physical, emotional, or financial injuries. Depending on your injuries, you may have a number of expenses to deal with, such as medical bills and prescription costs, as well as lost wages for missing work to recover. Fortunately, you may have the option of taking legal action and pursuing financial compensation to pay for these expenses so you don’t have to out of your own pocket.

Financial compensation can be classified in a few categories, and it is important that you understand the different types of financial compensation. For additional information about how you can possibly recover financial compensation to pay for your losses, contact an Imperial Beach personal injury lawyer at Ritter & Associates today by calling (619) 296-0123 and get started on your case.

Classifying Financial Compensation

Don’t let an injury caused by someone else’s negligent actions destroy your finances along with your physical health. By taking legal action against the responsible party, you can potentially recover any of the following types of financial compensation:

  • Compensatory – There are a lot of expenses following an accident. This compensation is to cover all financial damages related to the accident, like medical care bills and lost wages.
  • Punitive compensation – Although rare, there are some cases where the judge wants to punish the defendant further for actions that were especially negligent. In these cases, you may be awarded punitive damages.
  • Emotional damages (pain and suffering) – This form of compensation is intended to cover the costs of emotional trauma or disfigurement.

Depending on your situation, you may receive one or all of these types of compensation for your undue suffering.

Contact Us

If you have additional questions about financial compensation, contact the San Diego personal injury attorneys of Ritter & Associates at (619) 296-0123 today and speak with a skilled professional.

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