Punitive damages is defined as monetary compensation awarded to an injured party that is awarded over and above losses. It is intended to punish the wrongdoer for malicious misconduct. Idealistically, punitive damages are awarded with the hopes that it will also deter the defendant from repeating the offense.
The victim is allowed to collect punitive damages when the defendant has shown a blatant disregard for the lives and safety of others, as in driving drunk.
Punitive damages may be awarded by the judge or jury in addition to actual damages. A jury can determine the amount of the punitive damages but, in Minnesota, the judge can reduce that amount if it is deemed excessive.
Insurance companies rarely pay punitive damages. The defendant is financially responsible. It can be difficult to collect punitive damages; but with an experienced, aggressive Minnesota Car Accident Lawyer, you may be able to collect the damages awarded. Call 612-362-0000 or submit our free consultation form.
An Independent Medical Exam (IME) is not independent nor is it actually a medical exam. It is more of an oral and visual medical review, often times performed in an intimidating fashion. It is scheduled by the no fault insurance company and the doctor is hired by the defense to find any reason for your insurance claim to be reduced or denied.
About half of the states in the United States require Uninsured Motorist (UM) coverage. Minnesota is one of those states. UM protects you and covers your losses if you are involved in an accident with a driver that does not have insurance. You make a claim against your insurance.
Many people buy an inadequate amount of liability insurance coverage — not nearly enough to cover the damage done by most collisions. Underinsured Motorist Coverage (UIM) is necessary because of the skyrocketing costs of medical care and the high costs of vehicle repair / replacement. UIM is optional, typically not required by law, but it can be a financial lifesaver.