The quantification of non-economic damages, often associated with personal injury claims, involves assigning a monetary value to the intangible losses experienced by a claimant. These losses typically encompass physical discomfort, emotional distress, and the diminished quality of life resulting from an injury or harmful event. An example includes determining the appropriate compensation for an individual who has suffered chronic pain and psychological trauma following an accident.
The determination of suitable compensation for intangible harm is crucial for ensuring fair and just outcomes in legal proceedings. It allows for recognition of the comprehensive impact of an injury beyond purely financial losses, acknowledging the subjective experiences of the injured party. Historically, various methods have been developed and utilized to arrive at equitable amounts, ranging from simple formulas to complex assessments considering a multitude of factors.
