Basics of a Dog Bite Insurance SettlementNovember 24, 2018
Insurance is the first line of protection when it comes to a dog bite. When a dog bites someone, the owner may have to pay a substantial amount of money. While some suits go through a trial, a lot of the time, the parties may agree on a settlement. There is a lot you should know about dog bite insurance settlements.
Why Agree on a Settlement?
The first thing you might ask his: why settle? Settling allows the dog owner to avoid having to pay an absurd amount of money if the jury is in favor of the victim. In addition, the victim is able to receive compensation quickly.
Types of Compensatory Damages
There are two types of settlement amounts. There are special damages, which accounts for losses directly related to the bite. Then, there are general damages, which account for non-economic injuries. This includes emotional distress, pain and suffering and disfigurement.
Settlements are sometimes the best way to go. This is particularly true when insurers might not pay out as much as is rewarded by the jury. Where insurance for your dog is crucial when it comes to dog ownership, it is also important to know the ins and outs of dog bite insurance settlements. In the unfortunate event that a dog bites someone, this knowledge is invaluable.