What are Economic Damages?
Economic Damages is a term that encompasses any kind of financial loss that an injury victim has incurred due to an accident. They are damages that can hypothetically be measured at an exact dollar amount. Because of this, they are more objectively-measured than non-economic damages. They can include medical expenses, loss of income, and funeral expenses among other monetary costs. Economic damages are also known as pecuniary damages.
Quantifying the level of economic damages incurred after an accident impacts the damages that may be received by a plaintiff in a lawsuit. A plaintiff being able to recover from financial losses and become whole again following a defendant’s negligence is considered a function of the justice system. Because economic damages need to be objectively measured, much evidence needs to be provided for accuracy.
According to the American Bar Association (ABA), many states follow the Economic Loss Doctrine, which holds victims from recovery when “the negligence of others results in purely economic loss.” That is to say that in many cases, something like injury or distress needs to be proven in order for a victim to recover damages. In concept, this is to prevent plaintiffs from seeking recovery that is greater than necessary.
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What to Do If a Truck Leaves the Scene of a Crash?
Becoming a victim of a hit and run crash with a truck is a traumatic experience. Truck crashes are increasing in frequency and truck drivers who are “at fault” are more often guilty of leaving the scene of an accident than in the past.
Leaving the scene of an accident isn’t a wise decision. It is a crime that normally results in a more serious penalty than those normally imposed for causing an accident. A driver who flees an accident scene may lose his or her license and/or receive a prison sentence.
Yet many drivers, in the heat of the moment, flee for a variety of reasons. Sometimes they may leave an accident site unintentionally, unaware they caused damage or injury.
Victims of hit-and-run truck accidents often suffer serious, even fatal injuries, especially if they were hit while walking or riding a bicycle. […]
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Can I Sue Uber for Emotional Distress After an Accident?
Picture this: It’s Saturday night and you are leaving your favorite local restaurant. You plan to Uber back home after meeting up with friends. You book a car, and within no time, your Uber is waiting for you. All seems well until your Uber driver starts to exhibit signs of reckless driving. He’s speeding, being aggressive toward other drivers, and leaving you feeling uneasy. Then it happens, you’re in a car accident. Not only do you have physical injuries, but emotional trauma as well.
With more Americans opting for rideshare transportation, it’s no wonder that we’re seeing services like Uber and Lyft accounting for a percentage of total traffic accidents and fatalities. According to Uber’s own 2021-2022 Safety Report, motor vehicle fatalities involving Uber increased by 40% compared to the previous two-year period, rising from 101 to 153 deaths. So this begs the question — […]
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Indiana Truck Accident Lawyer
A truck accident can change your life in an instant. If you or someone you love has been injured in a collision with a commercial vehicle, you need an experienced Indiana truck accident lawyer who understands both the impact of your injuries and the unique challenges these cases present. You’re likely facing overwhelming medical bills, lost income, and uncertainty about the future during this difficult time.
Truck accident cases are far more complicated than typical car crashes. When a commercial vehicle collides with a passenger car, the injuries are often severe, and the legal issues are anything but straightforward. These cases involve federal regulations, multiple insurance companies, and sophisticated evidence that requires specialized knowledge to handle effectively.
At Munley Law, our Indiana truck accident attorneys have dedicated their careers to helping victims like you recover from devastating truck crashes. We understand the physical, emotional, and financial hardships you’re experiencing, […]
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Hit and Run Accident Lawyer
Nobody ever expects to be the victim of a hit-and-run car accident. One minute you’re driving along, and the next, someone carelessly crashes into your vehicle and flees the scene. In the aftermath, you’re left dealing with injuries, vehicle damage, and a thousand questions. That’s when you need a hit and run accident lawyer in your corner. The experienced car accident lawyers at Munley Law understand the chaos and confusion you’re facing. They know how to investigate what happened, protect your rights, and fight for the compensation you deserve. With expertise in accident claims and hit-and-run car accidents, they become your advocate and guide through this difficult situation.
Best Hit and Run Accident Attorneys
When you’ve been the victim of a hit-and-run accident, you need personal injury law attorneys who really go the extra mile. The best hit-and-run accident attorneys are relentless investigators, […]
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Cancer Misdiagnosis Lawyer
If you or a family member have suffered because of a doctor’s incorrect or missed diagnosis of cancer, a cancer misdiagnosis lawyer at Munley Law Personal Injury Attorneys can help. Our medical malpractice lawyers have recovered millions of dollars on behalf of individuals and families who have suffered due to medical negligence, including settlements of $5 million, $4.35 million, $3.5 million, and $3.2 million. With over 250 years of combined legal experience and a firm that has been handling personal injury claims since 1959, we bring deep knowledge and proven results to every case.
One of our partners has been named Lawyer of the Year for Medical Malpractice Law, and another has been recognized among the Top 25 Medical Malpractice Trial Lawyers in Pennsylvania. We have also consistently been named among the Best Lawyers in America, and have earned the highest client satisfaction ratings possible. […]
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