What is a Loss?
A loss is the monetary value assigned to an injury or damage in a personal injury claim, including pain and suffering, past and future income, future medical care, at-home assistance, current medical bills, etc.
According to Black’s Law Dictionary, “loss” is defined as “the harm or damage resulting from an injury; the deprivation or detriment to an owner or possessor as a result of a judgment or voluntary transfer of property.” As such, loss is often a broad term in law, encompassing both tangible and intangible impacts as loss can come from a variety of forms of damages.
Legal principles governing loss aim to provide remedies, compensation, or restitution to individuals or entities adversely affected by wrongful acts, accidents, or adverse events. Loss can include economic loss, personal loss or property loss. The assessment of loss often involves evaluating evidence, calculating damages, and applying legal standards to determine liability and appropriate remedies in civil litigation or legal disputes. As a legal term, loss underscores the importance of addressing and mitigating the impacts of losses through legal recourse and equitable remedies in accordance with applicable laws and judicial principles.
More information about Loss
Philadelphia Taxi Accident Lawyer
Injured in a Taxi in Philadelphia? We Can Help.
Whether you’re taking a taxi to go out with friends, to avoid trying to find parking near a busy restaurant, or heading to the airport, you expect an experienced taxi driver will get you there safely. However, taxi drivers can also be overly confident they know how to drive in a familiar city and may rush while trying to maximize their time and the fare.
We know a lot of Philly residents rely on public transportation such as taxis to get from point A to point B.
If you were injured as a passenger in a taxi cab, our Philadelphia auto accident lawyers are here to help you recover.
Getting into an accident in cab can be a stressful experience. You have no control over the vehicle or the driver, […]
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Pittsburgh Spinal Cord Injury Lawyer
Get the Compensation You Deserve After a Spinal Cord Injury
Next to your brain, your spinal cord is one of the most essential parts of your overall body function. Any injury to the spinal cord can be catastrophic, affecting your ability to interact with the world and live independently. As a victim of a spinal cord injury, you may be dealing with anything from daily pain to permanent disability.
If you have suffered from a spinal cord injury due to the negligence of another person, you need an experienced attorney on your side. At Munley Law, our Pittsburgh personal injury attorneys have experience in complex personal injury litigation. We can work with you to demand the justice you are owed for your injuries, obtaining the compensation you need to recover.
Reach out to Munley Law right away to discuss your spinal injury case. […]
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What is Road Rage?
Is Road Rage Dangerous?
Emotions get the best of all of us at times, but when driving on the road, we have a responsibility to use good judgement, composure, and respect amongst fellow drivers and pedestrians. It is tempting to get angry or upset when someone clearly cuts you off or abruptly changes lanes without signaling, and that same anger can tempt you to start raging at someone and practicing reckless driving. Giving into your emotions in the heat of the moment can intensify the danger of an already precarious situation; often termed as “road rage,” aggressive retaliation on the road can trigger a series of dangerous, and even deadly, consequences. With all of this in mind, there are safe practices to manage your frustration and to be on the alert for when sharing the road with aggressive drivers.
If you were involved in a car accident with a driver suffering from road rage, […]
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Philadelphia 18 Wheeler Accident Lawyer
Your Advocates After an Accident With an 18 Wheeler
When you or a loved one has been hurt in an 18 wheeler truck accident in Philadelphia, you might be facing an uphill battle to recover the just compensation you deserve. Eighteen wheelers, also known as tractor trailers or semi trucks, are heavy commercial trucks that can weigh over 80,000 pounds and are 25 times the size of an average passenger vehicle.
Truck accidents are far more serious than most passenger vehicle crashes. Commercial truck accidents involving 18 wheelers can cause far more serious injuries than car accidents. If you have been involved in a truck accident in Philadelphia, you need an experienced Philadelphia 18 wheeler accident lawyer on your side.
The Philadelphia truck accident lawyers at Munley Law Personal Injury Attorneys have over 60 years of experience handling truck accident claims throughout Pennsylvania. […]
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Should I Accept the First Insurance Settlement After a Scranton Car Accident?
The Insurance Company Offered a Settlement. Should I Take It?
After an automobile accident, you are likely to be experiencing a great deal of physical pain and emotional distress. You may be tempted to immediately accept the first offer from the other driver’s insurance company to put the car accident behind you as quickly as possible. However, this is almost never a good idea.
An insurance company is necessarily looking first and foremost to its own bottom line, and not to what would be fair compensation for you. The insurance company makes money by keeping its payouts as low as possible, and can take advantage of your desire for a speedy resolution to make you a low settlement offer that does not provide a fair settlement for your personal injury.
If you have questions about a car accident settlement, your first step is to contact an experienced car accident lawyer at Munley Law Personal Injury Attorneys. […]
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