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 Wrongful Death Lawyer
Our Reading wrongful death lawyers understand the overwhelming grief and confusion that accompanies such a loss. Our compassionate and experienced wrongful death attorneys at Munley Law are here to help you seek justice and hold the responsible parties accountable.
A wrongful death lawsuit will not bring your loved one back, but we hope the financial support will help ease the emotional burden of your loss. Contact us today for a free consultation.
Understanding Wrongful Death Lawsuits in Reading, PA
A wrongful death lawsuit is a legal action brought by the surviving family members or representatives of a deceased person against the individual, company, or entity responsible for the person’s death. This type of lawsuit seeks to obtain compensation for the survivors’ losses, which can include both economic and non-economic damages.
The primary goal of a wrongful death lawsuit is to provide financial relief and justice to the surviving family members. […]
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Reading Product Liability Lawyer
A Reading product liability lawyer at Munley Law can be your strongest advocate when you’ve been injured by a defect or dangerous product in Reading. Product liability claims tend to be complex and you could be facing a large corporation who is determined not to pay for your injuries. You need an attorney who has the experience and knowledge needed to investigate the claim and hold those who caused you harm accountable.
Munley Law has the credentials, the track record, and the skills needed to fight for your rights. Whether you’ve been harmed by a faulty appliance, contaminated food, or a malfunctioning vehicle, contact our defective products lawyer in Reading, PA, for a free consultation.
How to Recover Compensation in a Reading Product Liability Case
Like with all personal injury cases in Reading, product liability claims open you up to the possibility of recovering compensation in line with the suffering you’ve experienced. […]
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Hospital Negligence Claims in Stroudsburg, PA
When you or a loved one is admitted to a hospital in Stroudsburg, you place your trust in the medical professionals 
and staff to provide safe and competent care. Unfortunately, hospital negligence can occur at even the best facilities, leading to severe injuries, prolonged recovery times, or even tragic outcomes. Whether it’s a misdiagnosis, surgical error, improper medication, or lack of proper monitoring, the consequences of hospital negligence can be devastating.
If you believe that substandard care at a Stroudsburg hospital has caused harm, you may be entitled to pursue a hospital negligence claim. At Munley Law, our experienced medical malpractice attorneys in Stroudsburg hold healthcare institutions accountable and help victims and their families seek the compensation they deserve.
Contact our law offices today for a free consultation.
Hospital Negligence vs. Medical Malpractice
While hospital negligence and medical malpractice are often used interchangeably, […]
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West Chester Personal Injury Lawyer
If you’ve been hurt in a car accident, medical malpractice, workplace injury, or other traumatic event due to someone
else’s negligence, you are entitled to compensation for your losses. The West Chester personal injury lawyers of Munley Law have represented injury victims for over 60 years, striving for the best results for our clients.
We take on the insurance company when settlement negotiations are not going your way, and we fight diligently in court should your case go to trial.
Call the West Chester personal injury law firm of Munley Law today for a free consultation with no obligation.
Why You Need a Personal Injury Attorney in West Chester
Contact a West Chester personal injury attorney for the best legal advice if you’ve been hurt in the Philadelphia Metropolitan area. By working with a local law office, you can rest easy knowing they have extensive experience with local law enforcement and personal injury law. […]
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Pedestrian Accident Lawyer
If you’ve been struck by a car or other vehicle while walking, speak with a pedestrian accident lawyer as soon as possible. You may face medical bills, lost wages, and a long road to recovery. And on top of that, you may wonder what your legal rights are. A qualified attorney can advocate for your rights and help you get the compensation you deserve for your injuries.
Munley Law has a team of experienced pedestrian accident lawyers dedicated to helping our clients get the best possible results. We understand the physical, emotional, and financial challenges that you’re facing, and we’re here to help you every step of the way. We offer a free consultation so that you can learn more about your legal rights and options. Contact Munley Law today to schedule a free case evaluation. There is no fee unless we win your case.
The Role of a Pedestrian Accident Attorney
Being in an accident is tough, […]
