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.
More information about Economic Damages
What Should I Do If I Get Hit by a Car While Walking?
Pedestrian accidents can cause serious injuries. Unlike drivers or passengers in cars, pedestrians have no protection from impact. This makes them more vulnerable in accidents. If you are hit by a car, you may be entitled to compensation for medical expenses, lost wages, and pain and suffering. It doesn’t matter who caused the accident; if you are hurt, you have the right to seek compensation. A skilled pedestrian accident attorney at Munley Law can help protect your right to the compensation you deserve. Regardless of who was at fault for the accident, victims deserve to be compensated for the pain and suffering they have endured. Experienced pedestrian accident attorneys with a winning track record, like those at Munley Law Personal Injury Attorneys, can help to ensure that your rights are protected and that you receive the compensation that you deserve and that you are entitled to. […]
Read MoreMore information about Economic Damages
Wilkes-Barre Wrongful Death Lawyer
Our Wilkes-Barre wrongful death lawyers know that nothing can replace losing a loved one, but fair compensation can help ease your financial burdens and give you some peace of mind. If someone you love died as a result of someone else’s negligence, you may have a wrongful death claim. In a wrongful death case, your choice of a wrongful death attorney matters. Choose carefully.
Since 1959, families in Wilkes-Barre have trusted Munley Law Personal Injury Attorneys to obtain the justice they deserve. Our Wilkes-Barre personal injury attorneys have earned national recognition for our client service and significant settlements and verdicts. We do not get paid unless we win your case. Contact us today for a free, confidential consultation.
The Definition of a Wilkes-Barre Wrongful Death Lawsuit
What we may call an “accident” is often a preventable, negligent act that results in serious harm to another person. […]
More information about Economic Damages
Wilkes-Barre Birth Injury Lawyer
A Wilkes-Barre birth injury lawyer can help you seek justice if your child has suffered due to medical negligence. If a doctor acted negligently and caused your child to suffer a birth injury, you may be able to file a medical malpractice claim against them. By filing an insurance claim or civil suit, you may be able to collect compensation to pay for treatment, therapy, and even ongoing care costs. Our birth injury lawyer in Wilkes-Barre can review your case and help you understand your rights for compensation on behalf of your child.
Call Munley Law today or fill out an online form to schedule a free consultation.
When is a Birth Injury Considered Medical Malpractice in Wilkes-Barre?
Many people believe that if their child suffers an injury during birth, the doctor is automatically liable. Sometimes, though, these conditions occur as a natural complication of the birth process. […]
More information about Economic Damages
Wilkes-Barre Distracted Driving Accident Lawyer
If you or a loved one has been injured in a distracted driving accident in Wilkes-Barre, your first step is to hire a Wilkes-Barre distracted driving accident lawyer. You’re likely facing physical pain, emotional trauma, mounting medical bills, lost wages from missed work, and drastic changes to your daily routine. In the most heartbreaking cases, you may have even lost a family member. During this challenging time, the last thing you need is the added stress of battling with insurance companies and navigating a complex legal system to secure the financial resources necessary for your recovery.
An experienced Wilkes-Barre car accident lawyer at Munley Law can review and manage your car accident case and fight to ensure you receive what is due. Contact us for your free consultation — we do not collect a fee for our services unless we win your case. […]
Read MoreMore information about Economic Damages
Allentown Slip and Fall Lawyer
An Allentown slip and fall lawyer can provide assistance if you’ve been injured in such an accident. Slip and fall incidents can occur anywhere in Allentown, including on sidewalks, in grocery stores, or at a friend’s house. Serious injuries from these events may have a profound effect on your life. It is crucial to seek the advice of a skilled Allentown slip and fall lawyer if you have been hurt in an accident. You can fight to collect the compensation you deserve by working with a competent lawyer to understand your legal options and rights better.
A slip and fall injury lawyer can assist you in navigating the legal system and obtaining the best outcome for your case, regardless of whether you are dealing with medical bills, lost income, or other expenses linked to your accident. If you were injured in a slip and fall accident on someone else’s property, […]
Read More
