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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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. […]
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What to Do If a Truck Leaves the Scene of a Crash?
What Can You Do if a Truck Driver Leaves the Scene of an Accident?
Becoming a victim of a hit and run crash with a truck is a traumatic experience. Truck crashes are increasing in frequency and truck drivers who are “at fault” are more often guilty of leaving the scene of an accident than in the past.
Leaving the scene of an accident isn’t a wise decision. It is a crime that normally results in a more serious penalty than those normally imposed for causing an accident. A driver who flees an accident scene may lose his or her license and/or receive a prison sentence.
Yet many drivers, in the heat of the moment, flee for a variety of reasons. Sometimes they may leave an accident site unintentionally, unaware they caused damage or injury.
Victims of hit-and-run truck accidents often suffer serious, […]
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What Percentage of Truck Accidents are Caused by Cars?
What Happens When a Car Driver is Responsible for a Truck Accident?
Truck drivers are the heart of America’s infrastructure. In 2020, 10.23 billion tons of freight was transported by trucks in the United States. Food, construction materials, raw materials for U.S. manufacturers, and every vital retail goods sold and shipped in the U.S. relies on big rigs. More than 72 percent of transported items in this country are moved by trucks. The U.S. economy is driven by large trucks. But what happens if you are a truck driver involved in a large truck crash and you are not at fault?
At Munley Law Personal Injury Attorneys, we know picking up the pieces after a truck accident can feel like an insurmountable task. If you or a loved one becomes a victim of a truck accident caused by a passenger vehicle or other motorist, […]
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