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Florida Laws and Limits on Economic and Non-Economic Damages

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In personal injury cases, there are two types of financial compensation typically awarded: economic and non-economic damages. Economic damages cover expenses such as medical bills, damage to personal property, and lost wages. Non-economic damages on the other hand cannot be measured like a medical bill or a repair estimate. Some examples include mental anguish, loss of consortium, and loss of enjoyment of activities. Most states do not place a cap on economic damages that can be awarded in a lawsuit. However, many states do limit the amount of non-economic damages that can be awarded.

According to Menafn, there is limit to how much damage a person can claim after an injury in Miami, Florida.

In Florida, personal injury cases can lead to substantial compensation for the victim. A person can be compensated for their tangible damages as well as punitive damages.

Punitive damages are meant to punish the liable individual above and beyond the cost of tangible damages. The purpose of punitive damages is to prevent a recurrence of an offending accident.

When it comes to tangible, or economic damages, there is a maximum to what can be awarded in Florida: three times the amount of their bills. In contrast, for punitive damages, the most that can be awarded is $500,000.

In Florida courts, the victim has only four years to file a personal injury claim. Very rarely will a court even agree to hear a case after this time limit has passed.

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