What does Exemplary Damages mean? Read on to discover the definition & meaning of the term Exemplary Damages - to help you better understand the language used in insurance policies.
Exemplary damages are financial payments that must be paid after the loss of a civil suit. Many insurance policies have exclusions for exemplary damages, meaning they will not pay these financial obligations if a policyholder is sued.
We hope the you have a better understanding of the meaning of Exemplary Damages.