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
Bethlehem Spinal Cord Injury Lawyer
Spinal cord injuries can make you instantly feel vulnerable physically, mentally, emotionally, and financially. You need an experienced lawyer with a successful track record, exceptional resources, and the scope to get you the maximum compensation that you are entitled to: you need the Bethlehem spinal cord injury lawyers at Munley Law Personal Injury Attorneys.
If you, or a loved one, have a spinal cord injury due to someone else’s negligence, navigating how to get support and compensation during this extremely difficult time can be overwhelming. Time is of the essence. Contact our Bethlehem spinal cord lawyers today via chat, email, or phone to schedule a free case evaluation.
What Is A Spinal Cord Injury (SCI)?
Spinal cord injuries can present themselves in various ways, depending on where the injury is. A spinal cord injury occurs when damage creates a loss of motor function and/or feeling or sensation. […]
Read MoreMore information about Economic Damages
York Wrongful Death Lawyer
Losing a loved one unexpectedly is a heart-wrenching experience, filled with emotional turmoil and unexpected challenges. Wrongful death cases add to this distress, intertwining grief with complex legal processes and the quest for justice. These cases often involve intricate legalities that demand a comprehensive understanding of the local York, PA laws. During such emotionally taxing times, seeking a helping hand in navigating these legal mazes is important.
This is where a Munley Law York Wrongful Death Lawyer steps in. With a strong reputation in the York community, our seasoned team is uniquely positioned to offer expert legal representation and ensure that justice is served. We encourage you to entrust your case with our law firm of Munley Law Personal Injury Attorneys because when it comes to personal injury cases in York, we stand unmatched in experience and dedication. Don’t navigate this journey alone; let us be your beacon during these challenging times. […]
Read MoreMore information about Economic Damages
Wyoming Truck Accident Lawyer
Commercial trucks often travel on Wyoming’s highways, especially Interstate 80, a major route for moving goods across the country. These trucks cover long distances daily, enabling businesses to receive supplies and ship products efficiently, 
supporting local and national economies. However, the high volume of truck traffic increases the likelihood of crashes.
If you or a loved one has been injured in a Wyoming truck accident, consider contacting an expert truck accident lawyer for legal advice during this difficult time.
What Are the Most Common Causes of Trucking Accidents in Wyoming?
Trucking accidents are common along Wyoming’s highways, and its terrain and unpredictable weather make it challenging for truckers. High winds can topple trucks, and steep mountain passes slow them down. Sharing the road with large trucks adds significant risk, especially during harsh conditions.
Truck crashes in Wyoming can result in significant damage and serious injuries or fatalities. […]
Read MoreMore information about Economic Damages
Fatal Car Accident Lawyer
Losing a loved one due to someone else’s negligence is incredibly traumatic, and choosing the right accident lawyer is critical. At Munley Law Personal Injury Attorneys, we understand fatal car accident cases’ complex and sensitive nature.
Our team of experienced lawyers is committed to providing support, empathy, and compassion to grieving clients and their families. With over 60 years of experience, we have helped deliver legal aid to numerous clients and helped to identify and collect the compensation they deserve.
Our compassionate car accident lawyers will review your case for free and guide you on your next steps. We work on a contingency fee basis, so we do not get paid unless we win your case. Contact us today through our online form or phone for your free consultation.
What’s the Difference Between a Personal Injury and Wrongful Death Lawsuit?
If you have motor vehicle accident injuries or damages due to someone else’s negligence or wrongdoing, […]
Read MoreMore information about Economic Damages
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. […]
Read More
