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
How Does an Insurance Company Decide Who Was at Fault for a Scranton Car Accident?
Who Determines Who is At Fault After a Car Accident?
Imagine you are pulling out of a driveway, with your view partially obscured by a snowbank. As you do, another car comes around the corner and hits you. Who’s at fault for the car accident?
The answer may not always be that easy to determine–but answering it may be crucial in deciding who is ultimately responsible for paying for medical expenses and vehicle damage. Answering the question of who is at fault for auto accidents can also change depending on who is answering it, the traffic laws applicable to the situation, or the state in which the auto accident occurs. It can get even more complicated when multiple vehicles are involved.
While police and insurance companies may weigh in with their own assessment of who is at fault in car accidents, […]
Read MoreMore information about Loss
Philadelphia Semi-Truck Accident Lawyer
Get the Justice You Deserve Following a Semi-Truck Accident in Philadelphia
If you or a loved one has been involved in a semi-truck accident in the Philadelphia area, it’s important to understand your legal rights and options. These types of accidents can be complex, and you need an experienced Philadelphia semi-truck accident lawyer on your side to help you navigate the legal process and fight for the compensation you deserve.
Trucking accidents in Philadelphia are a serious issue, with a significant number of fatalities and injuries occurring annually. If you or a loved one are truck accident victims, it is important to speak with a Philadelphia truck accident attorney to ensure your rights are protected and you are able to recover the maximum compensation you are entitled to receive.
How Dangerous Our Semi-Truck Accidents in Philadelphia?
Philadelphia is a major transportation hub, […]
Read MoreMore 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, […]
Read MoreMore information about Loss
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. […]
Read MoreMore information about Loss
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, […]
Read More