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.
More information about Economic Damages
Media Personal Injury Lawyer
When you need a Media personal injury lawyer, the team at Munley Law understands what you’re going through. For 65 years, our attorneys have helped injured residents of Delaware County get the compensation they deserve after accidents and injuries. We bring deep knowledge of Pennsylvania law, local courts, and insurance practices to every case we handle.
From car crashes on Baltimore Pike to workplace injuries at local businesses, we’ve successfully represented thousands of clients in Media and throughout Delaware County. Our results speak for themselves: We’ve recovered millions in settlements and verdicts for our clients while providing personal attention to each case.
You don’t have to handle the stress of medical bills, lost wages, and insurance companies alone. Contact Munley Law for a free consultation. Our experienced personal injury attorneys are ready to review your case and explain your options. […]
Read MoreMore information about Economic Damages
Pennsylvania Crosswalk Accident Lawyer
With Pennsylvania seeing a concerning rise in pedestrian accidents at marked crosswalks, particularly in urban areas like Philadelphia and Pittsburgh, experienced legal representation is more needed than ever before. If you’ve been injured crossing the street, a Pennsylvania crosswalk accident lawyer at Munley Law can help you secure the compensation you deserve.
Our legal team has spent decades representing pedestrians struck by vehicles while legally crossing the street. We understand how devastating these accidents can be — from severe injuries that require extensive medical care to lost wages that put financial strain on your family.
Our attorneys work closely with accident reconstruction experts, gather surveillance footage, interview witnesses, and build strong cases against negligent drivers and their insurance companies.
Contact Munley Law today for a free consultation with our crosswalk accident attorneys. We’ll review your case, explain your legal options, and fight to protect your rights while you tend to your recovery. […]
Read MoreMore information about Economic Damages
York Premises Liability Lawyer
Property owners have a legal obligation to maintain safe conditions for visitors and workers. If you’ve been injured on someone else’s property—whether you slipped on an icy walkway at a shopping center, fell down poorly maintained stairs at an apartment complex, or were hurt at a construction site—a York premises liability lawyer from Munley Law can help. For 65 years, our legal team has represented York County residents who’ve suffered injuries due to negligent property maintenance and inadequate security.
Contact Munley Law for a free consultation to discuss your case. Our experienced attorneys will evaluate your situation, explain your legal options, and fight to hold negligent property owners accountable.
How Our York Premises Liability Lawyers Can Help
When you work with Munley Law, our premises liability attorneys handle every aspect of your case. Our team thoroughly investigates your accident, gathering security footage, maintenance records, […]
More information about Economic Damages
West Chester Lyft Accident Lawyer
When you’re involved in a Lyft accident, determining liability and securing fair compensation can be challenging due to the multiple insurance policies and parties involved. The experienced West Chester Lyft accident attorneys at Munley Law understand the unique aspects of rideshare accident cases and have a proven track record of helping victims in West Chester, PA pursue compensation for their losses.
Don’t let the stress of medical bills, lost wages, and insurance negotiations overwhelm you during this difficult time. Contact the Munley Law today for a free consultation. We will tirelessly fight to protect your rights and secure maximum compensation for your injuries.
Common Causes of Lyft Accidents in West Chester, PA
Distracted driving puts all drivers at risk and it’s, unfortunately, very common to see accidents caused by negligent distraction. Lyft drivers have a heightened risk of driving distracted. […]
Read MoreMore information about Economic Damages
York Medical Malpractice Lawyer
When you need medical care in York, PA, you are entitled to good faith treatment intended to improve your health and condition. Unfortunately, medical mistakes and negligence leave many patients struggling with pain and quality of life issues. If your care falls short of York’s professional standards, you need a medical malpractice lawyer.
At Munley Law, our legal team has decades of experience helping patients and families affected by healthcare negligence get justice and compensation. From working with medical experts to navigating Pennsylvania’s specific medical malpractice laws and procedures, our York medical malpractice attorneys thoroughly investigate each case. We consult with qualified medical professionals to prove your care deviated from accepted standards and led to harm.
If you or a loved one has been injured by medical negligence in York, our legal team is here to help. Call Munley Law today to schedule a free consultation. […]
Read More
