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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Should I Accept the Insurance Company’s Offer After a Truck Accident?
Should I Take the Insurance Company’s Settlement?
Truck accidents are complex, multi-faceted, traumatic, and emotionally draining events for all parties involved — especially truck accident victims. If you or your loved one has fallen victim to such a devastating occurrence, there is evidence to scrutinize, truck logs to detail, mechanical efficacies to validate, and liability to determine.
Big trucking companies have built-in insurance company representatives who are trained to empathize and to negotiate an early settlement offer with you. You are likely to endure more injuries and expenses than you originally thought, and once you formally agree and accept an insurance settlement offer, you cannot later act on second thoughts; further negotiations are considered off the table.
This all leads to why you should never be hasty to accept an initial offer that an insurance company makes — the best way to protect your rights after a truck accident is to make sure you don’t speak with the insurance company until you first speak with an experienced truck accident lawyer at Munley Law Personal Injury Attorneys who will defend your rights and ensure that you are fairly compensated. […]
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What Does a Philadelphia Car Accident Lawyer Do?
How Can a Car Accident Attorney Help With My Case?
Choosing a Philadelphia car accident attorney is a decision not to be taken lightly. Car accidents can lead to serious injuries, which can have a lifelong impact. Those who have traffic accidents know that in many cases, a great deal of physical, emotional, and psychological healing is necessary. If you’ve just emerged from a traumatic situation like a car accident, you want to make sure that the person fighting on your behalf and protecting your rights is the right fit for you.
But where to begin when looking for an attorney after a serious car accident? Many people have never had the need to work with a personal injury lawyer before, and the process of finding one — and understanding why you need one — can feel overwhelming. Some folks may consider trying to navigate the legal components of their car accident without professional help, […]
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Multi-Vehicle Accident Lawyer
If You Were Injured in a Multi-Vehicle Accident, Munley Law Personal Injury Attorneys is here to Help
Multi-vehicle accidents, also known as pile-ups or chain reaction crashes, can be extremely destructive, traumatic events. Getting into a car accident with another driver is always stressful and a scary experience. But an accident involving multiple cars, trucks, or buses can be especially devastating. These types of accidents can cause serious damage, life-threatening injuries, and lasting trauma. What’s more, they tend to be legally complex, and present unique challenges when it comes to determining liability. In order to receive fair compensation for your injuries, you will need a highly skilled injury lawyer with experience handling multi-vehicle car accident cases.
Whether you were in a three-vehicle crash on a city street or a massive pileup on the highway, an experienced car accident attorney at Munley Law Personal Injury Attorneys is ready to help you with your claim. […]
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What Kind of Cases Do Personal Injury Lawyers in Philadelphia Handle?
Understanding Types of Personal Injury Cases
In the Philadelphia area, personal injury lawyers handle cases of every type, ranging from serious, life-threatening accidents, to minor injuries. A personal injury is generally defined as an injury that occurs due to someone else’s negligence. It could range from a truck accident due to driver fatigue to a slip and fall that occurs because a property owner failed to keep their space safe. Personal injury cases usually involve seeking a settlement around physical and/or emotional damages.
Every case is different, so it is important to work with an experienced Philadelphia personal injury attorney who has a winning track record. At Munley Law Personal Injury Attorneys, we have been practicing personal injury law for more than 60 years. Every Philadelphia personal injury lawyer at our firm believes in fighting hard to ensure you get the compensation you deserve. […]
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What Damages Can I Recover in a Truck Accident Claim?
A truck accident can change your life. There are the obvious consequences: your vehicle might be totaled. Your injuries leave you in pain, facing a lengthy recovery, and unable to work. You might have PTSD or severe mental anguish in the wake of your accident. Then there are the financial consequences. Many accident victims and their families are not prepared for the astronomical costs they face after being in a truck accident. The accident wasn’t your fault, so you shouldn’t be left with the bill. Unfortunately, you are unlikely to receive full, fair compensation from the at-fault parties without the help of a truck accident lawyer.
A truck accident lawsuit is often the only path to justice for accident victims. While a truck accident lawsuit cannot reverse the damage that has been done, it can provide you with the resources you need to rebuild your life and protect you from financial struggles. […]
