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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Hazleton Car Accident Lawyer
If you or someone you love suffered a serious injury in a car crash in Hazleton, don’t settle with the insurance company before speaking with a Hazleton car accident attorney at Munley Law. At Munley Law, we understand your concerns when you’ve been involved in a car crash. You may face unpaid medical bills, physical pain, emotional trauma, and an inability to work. Since 1959, we have represented hundreds of auto accident victims throughout Luzerne County. We have won multimillion-dollar settlements for injured car accident victims across our area.
If you were hurt in a car wreck and are unsure what to do next, call our Hazleton office for a free consultation with a car crash attorney. We will answer your questions free of charge and help you decide what to do next. We are available to speak with you any time of the day or night. […]
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Philadelphia Car Accident Lawyer
If you were involved in a severe car accident in Philadelphia, contact a Philadelphia car accident lawyer at Munley Law to get the help you need following a car crash. Your primary focus should be your health; you should not have to manage the claims process alone.
At Munley Law, we have 65 years of experience helping car injury victims get compensation following an accident. Our board-certified car accident attorneys understand what you are going through, and we will not rest until you receive the compensation you need to recover from the accident. Now is the time to schedule a free consultation with a car crash attorney at Munley Law. You do not owe a fee unless we win your case.
Why You Need a Car Accident Attorney in Philadelphia, PA
Hiring personal injury lawyers eases the burden of being directly involved in all the Pennsylvania legal processes and increases your chances of success. […]
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Allentown Car Accident Lawyer
A car accident can change your life in seconds. When facing mounting medical bills, lost wages, and the complex aftermath of a collision in the Lehigh Valley, an experienced Allentown car accident lawyer becomes your most valuable resource. At Munley Law, we understand that behind every case is someone whose life has been unexpectedly disrupted.
The insurance companies have teams of adjusters and attorneys working to minimize your claim. Shouldn’t you have a dedicated advocate fighting just as hard for your recovery? Our attorneys have secured millions for car accident victims in the Lehigh Valley by combining thorough investigation, strategic negotiation, and courtroom excellence when necessary.
Don’t navigate this challenging time alone. Contact us today for a free, no-obligation consultation to discover how our auto accident attorneys can help restore stability to your life while pursuing the compensation you deserve.
Why Choose Our Allentown Auto Accident Attorneys
When selecting legal representation after an auto accident in Allentown, […]
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Scranton Car Accident Lawyer
At Munley Law, our Scranton car accident lawyers have seen how devastating auto accidents can be for Scranton families. Our board-certified Scranton car accident attorneys understand Pennsylvania law inside and out, and we use that knowledge to build your case while you focus on recovery. Local insurance companies know our reputation in Lackawanna County – we don’t back down until our clients receive fair compensation.
Don’t let insurance adjusters pressure you into a quick settlement after your Scranton car accident claims. Contact our law firm today for a free consultation with our experienced auto accident attorneys. There is no fee unless we win your case.
Why You Should Hire an Auto Accident Lawyer in Scranton, PA
You might be unsure where to seek assistance following a car accident. Our auto accident lawyers want to be the first and last call you ever need to make because Munley Law has the experience, […]
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Wilkes-Barre Car Accident Lawyer
If you were in a car accident in Wilkes-Barre, PA, you must speak to a Wilkes-Barre car accident lawyer as soon as possible. They can give you legal advice and help you get the most compensation you’re entitled to.
Munley Law is well-versed in the legal aspects of car accidents and understands the unique characteristics of Wilkes-Barre’s highways and traffic patterns, providing unparalleled service to our clients. If you were involved in a car accident anywhere in Luzerne County, don’t delay. Contact Munley Law to speak with our car accident lawyer. The first consultation is free, and we do not get paid until we win your case.
Why You Need a Wilkes-Barre Car Accident Attorney
Car accident lawyers can get evidence to prove who is at fault, negotiate with the insurance company, and file a personal injury lawsuit on your behalf. […]
