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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Motorcycle Accident Lawyer
When a motorcyclist is hit by a car, truck, or another large vehicle, the results can be catastrophic and you will need an experienced motorcycle accident lawyer to get full compensation for your injuries.. With little protection from the impact, the motorcycle rider may suffer life-threatening injuries that take months or years to heal. The aftermath of a motorcycle accident can be a harrowing time, physically and financially. As the injured victim, you have the right to seek compensation.
Your choice of law firm matters. The motorcycle accident lawyers at Munley Law have 65 years of experience representing injured victims. Our award-winning personal injury attorneys have recovered significant settlements and verdicts for injured motorcyclists. We have consistently been recognized as the Best Lawyers in America and are board-certified by the National Board of Trial Advocacy. Most importantly, we get results.
Contact us today to schedule a FREE consultation. […]
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Scranton Pedestrian Accident Lawyer
A Scranton pedestrian accident lawyer at Munley Law can help you understand your legal options for getting the money you need to cover your accident-related expenses and losses. Unlike regular car crashes, a collision involving a pedestrian can result in catastrophic injuries even at relatively low speeds.
With over six decades of experience, our Scranton car accident lawyers can handle the complex issues of your claim as you concentrate on healing from your injuries. We offer free consultations and handle these cases on a contingency basis. This means you do not pay us anything until we recover compensation for your accident. Call us today to schedule a free case evaluation with our Scranton personal injury law firm member.
Why Hire a Pedestrian Accident Attorney in Scranton, PA
A Scranton pedestrian accident attorney can gather the evidence, negotiate with the insurance company, […]
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New York Truck Accident Lawyers
Truck accidents can be devastating, leading to severe injuries, significant property damage, and life-altering consequences. At Munley Law, we understand the physical, emotional, and financial toll these accidents can take on survivors and their families. Our team of experienced New York truck accident lawyers is dedicated to helping guide you through the personal injury law system to secure the fair compensation you deserve.
If you or a loved one has been injured in a truck accident or lost a family member to a wrongful death, you don’t have to face the aftermath alone. Contact the New York truck accident lawyer at Munley Law today for a free consultation and let us help you on the path to recovery.
Why Truck Crash Survivors Trust Munley Law Personal Injury Attorneys
Not all personal injury law firms have what it takes to handle a serious truck accident successfully. […]
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Easton Personal Injury Lawyer
Have you or a loved one been involved in an accident that resulted in catastrophic injuries? An Easton personal injury lawyer from Munley Law can help.
If you’ve been injured due to someone else’s negligence in the Lehigh Valley, an Easton personal injury lawyer can help you navigate the legal process and fight for the compensation you deserve. With their expertise and dedication, they can guide you through this challenging time, ensuring your rights are protected and you receive the support you need to recover.
Call the Easton personal injury lawyers of Munley Law today for a no-obligation free consultation.
What Does a Personal Injury Lawyer Do in Easton, PA?
A personal injury lawyer assists individuals injured due to someone else’s negligence, ensuring they receive the compensation they deserve. Their role encompasses a variety of tasks, starting with a thorough investigation of the incident. […]
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Florida Truck Accident Lawyers
Florida’s truck route network is a vital system that supports the state’s logistics and transportation needs. It includes
major highways like I-95, I-75, I-4, and I-10, which are essential for long-haul trucking in the trucking industry. Key US highways such as US-1, US-27, and US-98 provide important connections between cities, while state roads ensure comprehensive coverage.
With the number of commercial vehicles on Florida roads, it’s no surprise that accidents do and will continue to happen. Florida’s busy highways see significant commercial traffic, including delivery trucks, freight carriers, and other large vehicles. Unfortunately, this also means a higher likelihood of large truck-related accidents, which can result in severe injuries and fatalities due to the size and weight of these vehicles.
When a truck accident occurs, it’s not just about dealing with the immediate aftermath—such as medical treatment and vehicle repairs—but also about understanding the regulations and liabilities. […]
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