Property Damage
Definition
Damage to your vehicle and personal belongings caused by the accident. This is separate from your bodily injury claim.
Real-World MVA Example
The other driver's insurance pays $12,000 to repair your car, $800 for your damaged laptop that was on the passenger seat, and $200 for your child's car seat that must be replaced.
Related Terms in Damages & Compensation
Bodily Injury
Physical harm to a person's body caused by an accident. Bodily injury claims cover medical expenses, lost wages, and pain and suffering.
Damages
The money you're entitled to receive as compensation for your losses after an accident. Damages can be economic (medical bills, lost wages) or non-economic (pain, suffering).
Diminished Value
The loss in your vehicle's resale value after it has been repaired from accident damage. Even with perfect repairs, a car with an accident history is worth less.
General Damages
Non-economic losses that don't have a specific dollar amount, such as pain and suffering, emotional distress, and loss of enjoyment of life.
Loss of Consortium
A claim by your spouse for the loss of companionship, affection, intimacy, and support they've suffered because of your accident injuries.
Loss of Earning Capacity
Compensation for the reduction in your ability to earn money in the future due to your accident injuries, even if you haven't lost a specific job yet.
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