Damages

Compensation or indemnityTo restore a party who has had a covered loss to the same financial position that party held before the loss occurred. recovered through the courts by any personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). who has suffered lossThe occurrence of the event for which insurance pays., detriment or injury to person, propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. or rights. A sum of money awarded to a person injured by an act of another. May be compensatory or punitive.

Damages

The indemnityTo restore a party who has had a covered loss to the same financial position that party held before the loss occurred. recoverable by a personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). who has sustained an injury, either in his or her person, propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself., or relative rights, through the act or defaultThe inability to make timely monthly mortgage payments or otherwise comply with mortgage terms. A loan of another. LossThe occurrence of the event for which insurance pays. sustained or harm done to a person or property.