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.
More information about Economic Damages
18 Wheeler Accident Lawyers
Every 16 minutes, someone is killed or injured by an 18-wheeler, which is why you need an 18-wheeler accident lawyer who understands the devastating impact these massive trucks have on victims’ lives. With over 90,000 people injured annually by 18-wheelers and a staggering 5,078 deaths in 2023 alone, these deadly accidents continue to rise while the trucking industry lobbies for fewer safety regulations.
Don’t face the powerful trucking companies alone. Call Munley Law today for a FREE case review with one of the nation’s top-rated truck accident attorneys. Our elite legal team has a proven track record of winning millions for truck accident victims just like you. We’ve spent years battling trucking companies and their insurance providers, securing the maximum compensation our clients deserve. With Munley Law, you pay NOTHING unless we win your case. Our experienced 18-wheeler accident lawyers have the resources, knowledge, and aggressive approach needed to hold negligent trucking companies accountable. […]
Read MoreMore information about Economic Damages
West Chester Truck Accident Lawyer
Being involved in a truck accident is unlike any other accident. Occupants in passenger vehicles are subject to the impact of a vehicle that can be over 20 times the car’s weight and size. Because of that difference alone, truck accident victims face catastrophic injuries and even death.
West Chester, a historical Pennsylvanian town that sits in between Philadelphia and Wilmington, has major trucking routes that run through it. Route 202 and Highway 322 see constance commercial truck traffic mingling with local drivers. While these trucks and their truck drivers serve an essential role in Pennsylvania and the United States’ economy, their presence makes the roads inherently more dangerous for regular drivers.
At Munley Law, our West Chester truck accident attorneys understand the devastating physical, emotional, and financial impact truck accidents have on victims and their families. Our experienced attorneys have helped thousands of Pennsylvania residents rebuild their lives after truck accidents, […]
Read MoreMore information about Economic Damages
York Lyft Accident Lawyer
Here in York County, the rising popularity of rideshare services has unfortunately led to more car accidents on busy routes like I-83, Route 30, and downtown Market Street. After an Uber or Lyft accident, you may face mounting medical bills, lost wages, and complicated insurance claims.
Rideshare accidents differ from typical car crashes. Multiple insurance policies often apply, and your compensation might depend on whether the Lyft driver was actively transporting a passenger, heading to pick up a ride, or simply logged into the app. Pennsylvania’s insurance laws create additional challenges, making local legal expertise necessary for your case.
Experienced Lyft accident attorneys provide valuable support when you’re injured in a rideshare crash. Our York legal team understands the local area and the specific challenges of such cases. We’ve helped passengers and other victims handle claims involving Lyft’s insurance policy, personal insurance carriers, and third-party coverage.
Whether you were a passenger in the Lyft, […]
Read MoreMore information about Economic Damages
Pittsburgh Boat Accident Lawyer
With three major rivers converging in the heart of the city — the Allegheny, Monongahela, and Ohio — Pittsburgh’s waterways are busy with recreational boaters, fishing vessels, and commercial traffic year-round. When accidents occur on these waters, the physical, emotional, and financial toll can be overwhelming.
Munley Law’s experienced legal team has helped numerous boating accident victims recover compensation for medical bills, lost wages, and other damages. We work diligently to investigate every aspect of your case, from gathering evidence to consulting with maritime experts, ensuring you receive the maximum compensation you deserve.
Don’t let a boating accident derail your life. Contact Munley Law today for a free case evaluation with our experienced Pittsburgh boat accident attorneys. Our team is ready to evaluate your case and help you understand your legal options.
Common Causes of Boating Accidents in Pittsburgh
The beautiful rivers surrounding Pittsburgh provide countless opportunities for recreation, […]
Read MoreMore information about Economic Damages
West Chester Medical Malpractice Lawyer
When your doctor or other healthcare provider makes a harmful or life-threatening mistake, a medical malpractice lawsuit can hold them accountable and make sure you receive proper compensation for your losses. At Munley Law, we understand the devastating impact that medical errors can have on patients and their families. Our experienced West Chester medical malpractice attorneys have spent decades representing Pennsylvanians who have suffered because of someone else’s negligence. We are ready to get to work for you today.
If you or a loved one has experienced injuries due to medical negligence in West Chester or elsewhere in Chester County, contact Munley Law for a free consultation. Our attorneys will review your case and help you understand your legal options for pursuing compensation.
Holding Negligent Medical Providers Accountable in West Chester, PA
Medical negligence and malpractice can happen at any hospital, clinic, or specialist’s office. […]
Read More
