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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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? […]
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Allentown Catastrophic Injury Lawyer
A catastrophic injury can change a person’s life forever. These types of injuries can be devastating and have long-lasting effects on the victim and their loved ones. It is important to seek the help of a seasoned Allentown catastrophic injury lawyer at Munley Law. The right legal representation can make a big difference in the outcome of your personal injury case as you navigate the complex legal system.
At Munley Law, our personal injury lawyers in Allentown, PA, understand the difficulties that come with a catastrophic injury. We have years of experience handling these types of cases and are committed to fighting for our clients’ rights. Our team of experts will work tirelessly to help you get the compensation you deserve. Whether you were involved in a car or truck accident, a motorcycle accident, a pedestrian accident, suffered a workplace injury or were a victim of medical malpractice, […]
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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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How Much Compensation Can I Get for a Philadelphia Pedestrian Accident?
If you or a loved one have an injury from a Philadelphia pedestrian accident, medical care and expenses can
accumulate quickly. Injured pedestrians have no physical protection when struck by a moving vehicle, and severe injuries are usually the unfortunate outcome. In the most devastating scenarios, a wrongful death leaves families grappling with expenses while mourning their loss.
Insurance companies will offer minimal settlements early to motivate quick turnarounds and to avoid higher payouts. Do not agree to any settlement without consulting an accident attorney; any monies accepted make future negotiations off the table. Contact an experienced Philadelphia pedestrian accident lawyer at Munley Law for your free case evaluation to help assess the value of your claim.
Damages that May Be Recovered in a Pedestrian Accident
According to the National Institutes of Health (NIH), […]
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State College Personal Injury Lawyers
If you or a loved one has been injured in State College because of an accident, a personal injury lawyer can help you make sense of your options. These legal experts specialize in helping people harmed by others’ negligence or misconduct.
Whether you were in a car accident, had a slip and fall, or were injured in another way, a State College personal injury attorney can guide you through the legal process. They’ll work to get you the compensation and support you deserve, allowing you to take the time to focus on your recovery. 
Personal Injury in State College
In State College, personal injuries can arise from various accidents. Car accidents, slip and falls, medical malpractice, and workplace injuries are common sources of insurance claims and lawsuits. Each case requires understanding the specific laws and regulations of State College. […]
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