What Does Noneconomic Damages Mean?

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What does Noneconomic Damages mean? Read on to discover the definition & meaning of the term Noneconomic Damages - to help you better understand the language used in insurance policies.

Noneconomic Damages

Noneconomic Damages

An award to an injured person that is not based on actual monetary loss but on other forms of injury for example, pain and suffering awards.

We hope the you have a better understanding of the meaning of Noneconomic Damages.

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