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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Allentown Pedestrian Accident Lawyer
For 65 years, pedestrian accident victims throughout the Lehigh Valley have trusted the Allentown pedestrian accident lawyers at Munley Law Personal Injury Attorneys. When you or someone you love suffers a serious injury from a pedestrian accident, your choice of an accident attorney matters. You want an Allentown pedestrian accident lawyer with the knowledge, resources, and compassion needed to get you the maximum amount of compensation you need following such a devastating accident.
Our award-winning team won’t rest until you and your loved ones get the justice you deserve. We understand your concerns and are ready to do whatever it takes to make sure you are properly compensated. Fill out our contact form or call today to schedule a free consultation today a pedestrian accident attorney.
The Importance of Hiring a Pedestrian Accident Lawyer in Allentown
The aftermath of a pedestrian accident is often a complex web of legal, […]
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Wilkes-Barre Car Accident Lawyer
If you were in a car accident in Wilkes-Barre, PA, you must speak to a Wilkes-Barre car accident lawyer as soon as possible. They can give you legal advice and help you get the most compensation you’re entitled to.
Munley Law is well-versed in the legal aspects of car accidents and understands the unique characteristics of Wilkes-Barre’s highways and traffic patterns, providing unparalleled service to our clients. If you were involved in a car accident anywhere in Luzerne County, don’t delay. Contact Munley Law to speak with our car accident lawyer. The first consultation is free, and we do not get paid until we win your case.
Why You Need a Wilkes-Barre Car Accident Attorney
Car accident lawyers can get evidence to prove who is at fault, negotiate with the insurance company, and file a personal injury lawsuit on your behalf. […]
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Cancer Misdiagnosis Claims in Stroudsburg, PA
If you or a loved one has suffered harm due to a cancer misdiagnosis or delayed cancer diagnosis in Stroudsburg, you might be facing serious, life-changing, even life-threatening consequences.
You might be enduring severe pain, missed work due to medical appointments or illness, or you may even be grieving the loss of a loved one due to a missed or delayed diagnosis.
If a case of cancer misdiagnosis has caused suffering to you or a loved one, you may be entitled to financial compensation for medical malpractice.
Medical malpractice cases in Pennsylvania are governed by specific time constraints, requiring claims to be filed within a certain period. Generally, you must initiate legal action within two years from the date of the injury or when the injury was reasonably discovered. Missing this deadline could result in losing your right to seek compensation for injuries or wrongful death caused by medical negligence. […]
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Oklahoma Truck Accident Lawyer
Oklahoma Truck Accident Lawyers are instrumental in keeping the roads safe in Oklahoma, which is a major part of America’s transportation network.
Oklahoma connects the East and West coasts, making it a critical state for commercial drivers. Major highways like Interstate 35, running north-south between Texas and Kansas, and Interstate 40, running east-west between Arkansas and Texas, are vital routes for trucks carrying goods across the country. Additionally, U.S. Route 69 runs through eastern Oklahoma, linking the state with Texas and Kansas.
Because Oklahoma is an important hub for transporting goods, truck drivers and companies must follow all road rules and restrictions. Experienced Oklahoma truck accident lawyers advocate for accident victims, making sure they get the help they need and working to keep the roads safer for everyone.
About Our Truck Accident Law Firm
Munley Law brings decades of experience handling truck crash cases, […]
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18 Wheeler Accident Lawyers
Every 16 minutes, a person is killed or injured in a truck accident. Eighteen-wheelers, in particular, injure more than 90,000 people every year, and in 2023 alone, an estimated 5,078 people died in 18-wheeler accidents. For the last 10 years, fatal large truck accidents have risen while the trucking industry continues to call for relaxed safety regulations.
If you or your loved one has been injured or killed in an accident with an 18-wheeler, get help from an experienced 18-wheeler accident lawyer. Call one of the nation’s leading truck accident lawyers at Munley Law today for a free case review.
Our law firm is dedicated to helping victims of all types of truck accidents, including 18-wheeler commercial vehicles. We have spent years fighting against trucking companies and winning cases for victims of truck accidents, just like you. We have the experience and resources to take on these companies and want to put that work in to help you. […]
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