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Question about insurance settlement over auto wreck.
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Galaxie64
Posted 9/29/2014 20:11 (#4099940 - in reply to #4099353)
Subject: RE: Question about insurance settlement over auto wreck.


WY, OK

DavidD4440 - 9/29/2014 10:53 If you lose a leg or arm in a wreck, but only make $30,000 a year, somehow it's ok to limit damages due to another driver's negligence just because the person injured doesn't make much?

That is exactly how it works and should.  Say a 25 year college grad making 60K a year gets injured an can no longer work at his job  On the other hand a 65 year old who is entering retirement gets injured the same way.  Who should get more in a civil suit for compensatory damages?  Or in other words who was going to have a greater expected income over the remainder of their lives?  You can't be awarding everyone the same amount of money no matter their age, prior work and education.  Compensatory damages are directly payments for future economic loss, an older guy making $30K a year with no real acceleration isn't going to have as big a loss as a young guy just starting a job.

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