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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Reading Personal Injury Lawyer
When accidents disrupt lives in Reading and Berks County, one name stands above the rest – Munley Law. From our Court Street office steps from the Berks County courthouse, our Reading personal injury lawyers have helped countless local families recover fair compensation after car crashes on Penn Street, truck accidents on Route 422, and workplace injuries in our manufacturing facilities. We understand our community’s unique challenges, from busy downtown intersections to industrial workplaces and fight for the maximum compensation you deserve.
Don’t let the insurance companies take advantage of you. Our experienced personal injury attorneys will fight for injury victims to protect their rights and get them the compensation they deserve. Contact us today for a free consultation. Let us help you get your life back on track. Hablamos Español.
Types of Personal Injury Cases Munley Law Handles in Reading, PA
Accidents happen at any time. […]
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Wilkes-Barre Personal Injury Lawyer
Since 1959, the Wilkes-Barre personal injury lawyers at Munley Law have dominated courtrooms across Luzerne County, earning a reputation that insurance companies fear. When catastrophic injuries shatter lives – whether from a devastating truck crash on I-81, a workplace accident in one of our industrial parks, or a preventable tragedy that took your loved one – you need an experienced team of trial lawyers who’ve recovered millions for families like yours.
Our Wilkes-Barre injury attorneys don’t just file paperwork and hope for settlements. We investigate aggressively, fight relentlessly, and consistently force insurance companies to pay what your case is truly worth. While other firms hand your case to junior associates, our senior partners handle your fight from start to finish. The results? Over six decades of record-breaking verdicts and life-changing settlements for our neighbors in Northeastern Pennsylvania.
Your suffering deserves justice, your bills must be paid, […]
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King of Prussia Car Accident Lawyer
The King of Prussia car accident lawyers at Munley Law understand how a serious automobile accident can disrupt your life and overwhelm you. Since 1959, our legal team has helped injured individuals throughout Montgomery County with personal injury cases and fought to receive maximum compensation.
The King of Prussia area presents unique challenges for drivers, from heavy mall traffic to dangerous highway merges on I-76 and US-202. Our experienced car accident lawyers understand the local region and know how to build the strongest possible cases for our clients.
Contact us today for a free consultation to discuss your rights and options after a car accident in King of Prussia. We are available 24/7 to take your call and begin protecting your interests.
Why Choose Munley Law’s Car Accident Attorneys in King of Prussia?
Experience and proven results matter when choosing a car accident lawyer in King of Prussia. […]
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Forklift Accident Lawyer
Forklift accidents can cause devastating injuries, from broken bones and crushing injuries to traumatic brain injuries. At Munley Law, we understand the complex factors involved when these accidents occur at construction sites and industrial facilities. Whether you were injured as an operator or bystander, multiple parties may be responsible, from equipment operators and site managers to contractors and manufacturers.
Our experienced team of forklift accident attorneys will investigate every aspect of your case, from equipment maintenance and operator training records to potential OSHA violations. Through thorough investigation, we identify all responsible parties and hold them accountable for their role in causing your injuries. With Munley Law on your side, you don’t have to face this challenging time alone.
Contact us today for a free consultation about your forklift accident case.
Proven Results in Forklift Accident Cases
When you choose Munley Law, […]
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Allentown Car Accident Lawyer
After a car collision in the Lehigh Valley, your choice of an Allentown car accident lawyer could mean the difference between financial security and years of struggling with medical debt. Insurance companies start building their defense immediately after your auto accident – while you’re still reeling from the trauma. At Munley Law, we counter their tactics with decades of experience and a proven record of turning denied injury claims into substantial settlements. Our attorneys have recovered millions in compensation for car crash victims, consistently securing settlements that dwarf initial insurance offers.
Don’t let adjusters pressure you into accepting minimal compensation while your medical bills pile up and you’re missing work. Our track record shows we can maximize compensation for crash victims through aggressive negotiation or fierce litigation. Contact us today for a free consultation – we only get paid when you win and are ready to fight for you immediately. […]
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