Types of Damage - KAIT Jonesboro, AR - Region 8 News, weather, sports

Types of Damage

Damages are divided into a number of categories upon which the recovery may be based, such as:

Compensatory Damages for the purpose of making a person "whole again" (put back in the position which existed before the loss or harm). Compensatory damages is further broken into two main categories

General Damages which necessarily result from the act or omission - the amount needed to restore the fair market value of the property to its owner (the injured party); and

Special Damages which do not arise as a result of the wrongful act or omission itself but arise due to the circumstances after the loss or harm has occurred. Special damages include out-of-pocket items that can be documented such as the need to rent replace property (such as a car rental) or the cost of services (such as the cost to have property valued or appraised).

Consequential Damages which flow from the loss or harm - consequential damages are of the same nature as special damages.

Future Damages that are certain to occur in the future as a result of the loss or harm, are recoverable so long as there is a satisfactory basis for which the future, anticipated losses or harms can be determined. Without a satisfactory basis, future damages are speculative and are not subject to recovery.

Incidental Damages include the reasonable charges, expenses, or other costs which flow from the loss or harm - such as delivery expenses and the cost of photocopies.

Punitive Damages can be assessed against the party at fault to punish the wrong-doer for his/her willful, malicious, or oppressive behavior and to deter others from acting in a similar manner.

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