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 Happens After a Fatal Car Accident?
A fatal car accident completely changes the trajectory of the lives of a victim’s loved ones. They are unpreventable and sudden, and therefore it is hard to even make a plan for what you should do if a loved one dies in an accident. A part of coping with the loss can be to seek out legal action against the other driver. This is a valid response to such an accident, and it is important to know the process of getting your loved one justice.
If you lost a loved one because of the carelessness of another driver, understand that Munley Law Personal Injury Attorneys is here to help you through this difficult time. We will go after all those involved in your loved one’s death and will make sure both you and your family are compensated for any damages caused by the fatal accident. To start a wrongful death claim for your loved one’s car accident, […]
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Pottsville Car Accident Lawyer
If you’ve been injured in a car accident in Pottsville, Pennsylvania, you may be facing mounting medical bills, lost wages, and stress about what to do next. At Munley Law, our experienced Pottsville car accident lawyers are here to guide you every step of the way.
With decades of combined experience in handling car accident cases in the Pottsville area, Munley Law has earned a reputation as the region’s leading personal injury law firm, providing compassionate service, expert legal guidance, and a track record of success. If a negligent or reckless driver caused you or your loved ones harm, you deserve to be compensated for your losses.
For a no-obligation, free consultation, contact our Pottsville car accident lawyer at Munley Law today.
Why You Need a Pottsville Pennsylvania Car Accident Lawyer
Car accidents in Pottsville can present some complicated legal challenges. […]
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Philadelphia Product Liability Lawyers
A Philadelphia product liability lawyer at Munley Law can fight for your rights if a defective product has caused harm to you or a loved one. The products we use daily, from auto parts and medical devices to children’s toys and household appliances, should be safe and reliable. Yet dangerous and defective items continue to injure Philadelphia consumers at an alarming rate.
When manufacturers, distributors, or retailers put unsafe products into the marketplace, they must be held accountable for the devastating consequences. Serious injuries and even deaths occur because companies fail to ensure their products’ safety. If a dangerous product has harmed you or a family member, you may be entitled to substantial compensation for your losses.
Our experienced product liability attorneys understand the complex Pennsylvania laws governing defective products and have a proven track record of holding negligent companies responsible. We thoroughly investigate every case, […]
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Philadelphia Motorcycle Accident Lawyer
A Philadelphia motorcycle accident lawyer at Munley Law knows that collisions between motorcycles and larger vehicles often result in catastrophic injuries for riders. With only clothing and perhaps a helmet for protection, motorcyclists are completely vulnerable to the full force of impact in a crash involving cars, SUVs, or commercial vehicles.
The aftermath of an accident brings unique legal challenges. Without experienced legal representation, insurance companies may exploit these complexities, pressuring injured riders to accept settlements before seeking independent legal advice.
For 65 years, the motorcycle accident attorneys at Munley Law have successfully fought for riders’ rights. Our deep understanding of Pennsylvania traffic laws and insurance practices has helped us secure substantial client settlements and awards. Our professionalism is recognized by peers and many of our partners hold board certification from the National Board of Trial Advocacy.
Don’t let insurance companies undervalue your claim. […]
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Pittsburgh Drowsy Driving Accident Lawyer
Falling asleep at the wheel can result in catastrophic accidents, leading to severe injuries or even fatalities. When someone is sleepy behind the wheel, their brain power, reflexes, and decision-making skills are impaired, just like when they’ve had a few too many drinks.
Our experienced team of Pittsburgh drowsy driver accident attorneys understands the devastating consequences of drowsy driving and is committed to fighting for your rights. Munley Law has a proven track record of successfully handling drowsy driving cases, holding negligent drivers accountable, and securing maximum compensation for our clients. With our knowledge of the Pittsburgh, PA, laws and regulations surrounding drowsy driving accidents, we are equipped to navigate the complexities of your case. Your well-being is the priority, and we will provide personalized attention, guiding you through the legal process while ensuring your voice is heard.
If you or your loved one has been involved in a Pittsburgh drowsy driving accident, […]
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