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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Lancaster Personal Injury Lawyer
Our Lancaster personal injury lawyers have represented injury victims in Lancaster County for decades, and we can do the same for you. If you’ve been hurt at work, in a car, truck, or motorcycle accident, or were injured by another person’s negligence, you need legal representation you can trust.
If you or a loved one has been hurt, call Munley Law’s Lancaster personal injury attorneys today for a no-obligation, free consultation.
How Our Lancaster, PA Accident And Injury Lawyers Can Help You
Lancaster County has some of the most dangerous roads in the state, like Route 30 or the Lincoln Highway, Route 222, Route 283, and Route 501, making it a popular region for motor vehicle accidents.
Lancaster is also booming with commerce and tourism, which increases the risk of workplace injuries, pedestrian accidents, […]
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Cement Truck Accidents
Few types of accidents on the road are more destructive or more frightening than a crash with a cement truck. When you’ve been hurt in a cement mixer truck accident, you need a special kind of lawyer to help you collect financial compensation and make you whole again. A cement truck accident lawyer at Munley Law Personal Injury Attorneys can stand by your side and make sure you receive every penny you deserve. The consultation is free, and we don’t get paid unless we win your case.
Our experienced truck crash lawyers are certified in Truck Accident Law by the National Board of Trial Advocacy, and attorneys from Munley Law have twice led the American Association for Justice’s Trucking Law Group. Our legal team has the experience and understanding of truck accident law to take our client’s cases to trial and to negotiate forcefully with insurance companies on their behalf. […]
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Experienced Rideshare Accident Attorney
The rideshare accident lawyers at Munley Law have been at the forefront of protecting accident victims’ rights since rideshare services first transformed transportation. While Uber and Lyft offer convenience at your fingertips, they’ve also created complex legal challenges when accidents occur. For 65 years, our award-winning car accident attorneys have recovered millions for clients injured in rideshare accidents across the nation.
Our experienced personal injury attorney brings unmatched expertise to your rideshare accident claims. With multiple board-certified attorneys, Munley Law’s legal team understands the intricate challenges these cases present. Our accident lawyers have successfully handled hundreds of rideshare accident claims, helping rideshare accident victims navigate complicated insurance policies, determine liability, and secure maximum compensation for their injuries.
With decades of experience and a track record of multi-million dollar verdicts, Munley Law’s rideshare accident attorneys have the resources and expertise to take on major rideshare companies and their insurers. […]
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New York Truck Accident Lawyers
Truck accidents can be devastating, leading to severe injuries, significant property damage, and life-altering consequences. At Munley Law, we understand the physical, emotional, and financial toll these accidents can take on survivors and their families. Our team of experienced New York truck accident lawyers is dedicated to helping guide you through the personal injury law system to secure the fair compensation you deserve.
If you or a loved one has been injured in a truck accident or lost a family member to a wrongful death, you don’t have to face the aftermath alone. Contact the New York truck accident lawyer at Munley Law today for a free consultation and let us help you on the path to recovery.
Why Truck Crash Survivors Trust Munley Law Personal Injury Attorneys
Not all personal injury law firms have what it takes to handle a serious truck accident successfully. […]
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Easton Personal Injury Lawyer
Have you or a loved one been involved in an accident that resulted in catastrophic injuries? An Easton personal injury lawyer from Munley Law can help.
If you’ve been injured due to someone else’s negligence in the Lehigh Valley, an Easton personal injury lawyer can help you navigate the legal process and fight for the compensation you deserve. With their expertise and dedication, they can guide you through this challenging time, ensuring your rights are protected and you receive the support you need to recover.
Call the Easton personal injury lawyers of Munley Law today for a no-obligation free consultation.
What Does a Personal Injury Lawyer Do in Easton, PA?
A personal injury lawyer assists individuals injured due to someone else’s negligence, ensuring they receive the compensation they deserve. Their role encompasses a variety of tasks, starting with a thorough investigation of the incident. […]
