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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How Long Do I Have to Tell My Insurance I Was In a Car Accident?
What is the Statute of Limitations After a Car Accident?
Though they may be all too common, car accidents and the potential associated personal injury lawsuits in general, follow very specific statute of limitations and they vary depending on the state you live in.
If you or a loved one has been injured in a vehicle accident you have legitimate reasons to be confused, distracted and unsure about your state laws regarding time limits. What IS a reasonable time frame for you to open your claim? What can you expect from the claim process? What is the legal time limit for filing a personal injury claim?
If you were involved in a car accident, the car accident lawyers at Munley Law Personal Injury Attorneys can help. Contact us today for a free consultation.
When Do I Report a Car Accident to the Insurance Company? […]
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How Long Do I Have to File a Lawsuit After a Car Accident?
What Are the Statute of Limitations in a Car Accident?
In the days and weeks following a car accident, you are focused on a lot of distracting and important things such as medical visits, recovering from any injuries sustained in the auto accident, worrying about finances such as trying to repair vehicle damage, replacing a vehicle that was lost, lost wages from missing work for injury or doctor visits and more. Time can move faster than it seems. So you might be wondering: What are the statute of limitations for filing a car accident claim in Pennsylvania?
You may not know this but car accidents and personal injury lawsuits in general, follow very specific statute of limitations depending on the state you live in. The car accident lawyers Munley Law Personal Injury Attorneys explains how long you have to file a personal injury lawsuit after a car accident and what steps you need to take to meet those time constraints. […]
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Philadelphia Distracted Driving Accident Lawyer
A Philadelphia Distracted Driving Accident Attorney is Here to Help
Distracted driving is a growing problem throughout Pennsylvania, especially for inexperienced drivers. The increase in use of cell phones and new technology in vehicles is increasing distracted driving more than ever before. Getting into an accident with a distracted driver in Philadelphia can result in hundreds of thousands of dollars in medical bills, property damage, and lost income. You could be facing a long road to recovery and will need the expertise of a Philadelphia distracted driving accident lawyer to help you with your claim.
If you or someone you love has been injured in a Philadelphia distracted driving accident, our experienced distracted driving accident attorneys are ready to fight for you today. Let the Philadelphia car accident lawyers at Munley Law Personal Injury Attorneys pursue your personal injury claim so you can focus on healing both physically and emotionally. […]
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Philadelphia Head-On Collision Lawyer
A head-on collision is one of the most destructive types of car accidents you can experience in your life time. From physical injuries to mental anguish, a car accident can be a life-altering experience. If you or a loved one has been injured in a head-on collision, or if you have lost a loved one due to injuries sustained during a head on motor vehicle crash, a Philadelphia head-on collision lawyer is here to help.
At Munley Law Personal Injury Attorneys, our Philadelphia car accident lawyers have been helping accident victims for more than 60 years. Contact us today for a free consultation.
Philadelphia is home to some of our state’s most famous and popular landmarks and destinations. A busy hub for industry, home to one of America’s oldest shipping centers, The Port of Philadelphia, which is the heart for some of the east coast’s busiest maritime commerce. […]
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Scranton 18 Wheeler Accident Lawyer
Our Scranton 18 Wheeler Accident Lawyer is Ready to Fight For You
Since 1959, the mission of our Scranton 18 wheeler accident lawyers has been to stand up for the rights of people injured in devastating accidents caused by someone else’s negligence. Our home is in Scranton, and we know Northeast PA. We are a well-established truck accident law firm, and our Scranton truck accident lawyer will treat you as part of our family. We will work as a team to get you the best possible settlement. We are skilled at winning truck accident claims with large trucking companies, transportation, and insurance companies.
When you contact Munley Law Personal Injury Attorneys, our Scranton 18-wheeler accident lawyer will evaluate your situation to determine if you have a case. If you choose Munley Law Personal Injury Attorneys to represent you, we take your case on a contingency basis and tirelessly work toward getting you the best possible settlement. […]
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