Casualty Actuarial Society (CAS) Practice Exam

Question: 1 / 400

What are special damages?

Payments for general inconvenience

Payments for specific, out-of-pocket expenses

Special damages refer specifically to payments that reimburse a claimant for particular, quantifiable out-of-pocket expenses incurred as a direct result of an injury or incident. These can include things like medical bills, repair costs, and other expenses that can be documented with receipts or other proof.

The key aspect of special damages is their specificity and ability to be calculated with a clear monetary value, making them distinct from other types of damages, such as general damages, which are more subjective and can include compensation for pain and suffering. General inconvenience, emotional distress, and loss of income typically relate to the broader impact of an injury rather than direct financial expenses, thus falling outside the definition of special damages. Special damages focus purely on the tangible financial loss experienced by the injured party.

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Payments related to loss of income

Payments for emotional distress

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