Punitive Damages

Written by  //  June 23, 2011  //  Insurance Glossary: N-S, Insurance Terms  //  Comments Off on Punitive Damages

Also called exemplary damages, these are awarded by the court to acknowledge and punish a negligent party for wanton, reckless or malicious acts of omissions. They are added monetary damages that are over and above the damages paid for injuries and losses to the inured party.

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