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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Wilkes-Barre Catastrophic Injury Lawyer
The aftermath of a serious accident may result in life-changing catastrophic injuries. These injuries can be devastating, often requiring substantial financial resources and ongoing support to manage the physical, emotional, and financial challenges associated with the harm you’ve experienced. If you have been the victim of a serious accident and suffered a serious injury such as a traumatic brain injury (TBI), a spine injury, burns, or an amputation, your life may be at a standstill and you’re not sure how to move forward.
You need a Wilkes-Barre personal injury lawyer, specifically with catastrophic injury experience, who will vigorously fight for your rights and best interests. Our Wilkes-Barre catastrophic injury lawyers have decades of experience and success advocating for our clients. Contact us today for a free, no-obligation consultation.
Causes of Catastrophic Injuries in Wilkes-Barre, PA
Severe and often life-altering injuries profoundly impact an individual’s physical, […]
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Wilkes-Barre Motorcycle Accident Lawyer
Accidents caused by careless and inattentive drivers continue to be a major hazard for motorcycle riders in Pennsylvania. If you suffered injuries in a motorcycle crash because of another driver’s negligent actions, a Wilkes-Barre motorcycle accident lawyer may be able to help you hold them liable for your accident-related expenses and losses.
Trusted since 1959, our motorcycle accident attorneys can help you understand your legal rights and explain your options for collecting compensation. Our case evaluations are always free, and we charge no fee unless we win compensation on your behalf. Call us today to discuss your case with a Wilkes-Barre motorcycle injury attorney for free.
Recovering Damages in a Wilkes-Barre, PA Motorcycle Accident Case
After a motorcycle crash in Wilkes-Barre, you may be able to recover two types of damages: economic and non-economic damages. […]
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What Damages Can I Collect for a Car Accident?
Unfortunately, car accidents happen every day on roads across America. If you’ve been injured in a car accident, you may be wondering “what damages can I collect for a car accident?”
There are a few different types of damages you may need to recover from after a car accident. You may have physical damage to your car that needs to repaired. Or maybe your car accident resulted in serious injuries that will cause pain and suffering as well as lost wages.
If want to give yourself the best possible outcome to recover damages, you need an experienced car accident lawyer by your side. At Munley Law Personal Injury Attorneys, our car accident lawyers have been helping injured car accident victims for 65 years.
If you or someone you love has been injured in a car accident and wants to know “what damages can I collect for a car accident?”, […]
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Michigan Truck Accident Lawyer
As Michigan’s economy grows, trucking will play a crucial role in our transportation system. The state’s vast network includes major interstates like I-75, I-94, and I-96, essential for moving products within and beyond Michigan.
Unfortunately, busy roads mean truck accidents happen. When they do, it’s important to have a law firm specializing in large trucking accident cases, like the Munley Law truck accident lawyers, to help those affected by these life-changing events.
Michigan Truck Accident Attorneys
Due to the size and weight of the vehicles, these commercial truck accidents often result in severe injuries and considerable property damage. Michigan attorneys specializing in truck accidents have a deep grasp of the complex laws and regulations that specifically govern the trucking industry, including both federal and state safety standards.
When a truck accident happens, the personal injury lawyer’s role is to determine who is responsible. […]
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Allentown Distracted Driving Accident Lawyer
Distracted driving is one of the leading causes of car crashes in the U.S. If you were hit by a distracted driver in Allentown or anywhere in the Lehigh Valley, you shouldn’t have to bear the cost. An Allentown distracted driving accident lawyer at Munley Law Personal Injury Attorneys can represent you in the legal process to recover the compensation you deserve. No law firm in Pennsylvania is better equipped or qualified to win you justice.
Contact Munley Law today to schedule your free consultation with an Allentown car accident lawyer. We offer in-person as well as virtual appointments. The consultation is your opportunity to tell your story, get answers to your questions, and plan how to obtain the financial compensation you need. Call, email, or chat live with us today to get started.
What is Considered Distracted Driving?
Distracted driving refers to operating a vehicle while doing any activity that takes your attention away from driving. […]
