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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Pittsburgh Pedestrian Accident Lawyer
Despite advances in safety technology and awareness, pedestrian accidents continue to occur at alarming rates. These accidents are avoidable. When a pedestrian is hit by a car in downtown Pittsburgh or anywhere in the city, the consequences can be life-threatening. The faster the vehicle is moving, the more severe the injuries will be. If you were injured in a pedestrian accident, you will likely be facing significant medical costs, missed time from work, and an uncertain financial future.
As the victim of someone else’s negligent behavior, you shouldn’t have to face these costs on your own. A Pittsburgh personal injury lawyer from Munley Law can help you obtain the compensation you need to recover from your injuries and be made whole again.
If you or someone you love was struck by a vehicle in Pittsburgh, the pedestrian accident lawyers at Munley Law Personal Injury Attorneys are available to speak with you. […]
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Amazon Van Accident Lawyer
Amazon delivery vans are a common sight in Pennsylvania neighborhoods. With more delivery trucks on the road, Pennsylvania residents need an Amazon van accident lawyer they can trust when accidents happen. Amazon places immense pressure on drivers to deliver the most packages in the shortest amount of time. Drivers are not always maintaining the duty of care they owe to other road users.
If you have been in a collision with an Amazon delivery truck, call an experienced truck accident lawyer at Munley Law today. We have been fighting for the rights of accident victims for 65 years. Schedule a free consultation to discuss your next steps.
Types of Amazon Van Accidents
A data analysis by CBS News found evidence that Amazon’s trucking contractors engage in unsafe driving behaviors nearly twice as often as other carrier drivers. […]
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How Does PIP Insurance Work In Pennsylvania?
Personal Injury Protection (PIP) insurance in Pennsylvania is intended to help cover medical expenses and other
related costs if you’re injured in a car accident, regardless of who caused the crash. It’s like a safety net that guarantees you get immediate help paying for things like hospital bills, doctor visits, and even lost wages due to your injury. PIP immediately kicks in after an accident, providing financial support while you focus on recovering from your injuries.
What Is Personal Injury Protection (PIP)?
In Pennsylvania, PIP and “First-party benefits” (FPB) are often used interchangeably to describe the auto insurance coverage motorists must carry. This type of insurance is essential because it pays for financial losses regardless of who caused the crash.
PIP covers medical costs in the event of an accident. In some cases, it can also help with lost wages or funeral expense coverage if the accident results in a death. […]
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Are Personal Injury Lawsuit Settlements Taxable?
The tax implications of personal injury settlements can be confusing, but Munley Law is here to help. 
Let our legal team at Munley Law Personal Injury Attorneys provide the clarity and expertise you need to handle your personal injury claim settlement with confidence. We will guide you throughout the process of your lawsuit as well as any tax implications. Talk to a personal injury attorney at Munley Law today for a free consultation.
Are Settlements Taxable?
Under the Unites States’ federal tax law, personal injury settlements are generally not taxable. The Internal Revenue Service (IRS) exempts these settlements from taxation to safeguard injured victims seeking compensation from additional financial stressors.
Non-Taxable Components of Personal Injury Settlements
“The amount of any damages (other than punitive damages) received…on account of personal physical injuries or physical sickness [are exempt] (IRC, […]
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Traumatic Brain Injury After a Car Accident
Traumatic brain injury (TBI) resulting from a motor vehicle accident can cause severe damage to the brain during a collision. The force of the impact may cause the brain to move violently within the skull, leading to injuries that range from mild concussions to severe injuries with permanent damage. Medical care is essential after such traumatic injuries to prevent further complications. Patients recovering from TBIs often face cognitive impairments, emotional instability, and depression, along with physical symptoms like loss of balance and double vision. Medical professionals emphasize that untreated TBIs can escalate into more serious conditions, such as secondary brain injury, where the brain experiences further damage in the hours to days following the initial impact.
Head-On Collisions: The Leading Cause of Traumatic Brain Injuries
In head-on collisions, where the front of a vehicle strikes another object or car, the force of the impact can lead to severe head injury. […]
