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
Man Dies in Tractor Trailer Accident on I-81 in Franklin County
A 21-year-old man lost his life in a deadly tractor trailer accident on Interstate 81 in Franklin County on December 15. According to Pennsylvania State Police, emergency crews responded to the collision in the northbound lanes I-81 between Exit 5 and Exit 10 in Antrim Township at approximately 3:30 am.
Police say the man was driving a sedan when he crashed into the back of a tractor-trailer that had merged in front of him unexpectedly because another vehicle stopped on the shoulder. The man was thrown from his car and pronounced dead at the scene.
Police are investigating the accident.
Fatal Tractor Trailer Accidents in Pennsylvania
When a massive commercial truck collides with a car on Pennsylvania’s highways, the results are often catastrophic. The state’s position as a major trucking corridor, with Interstate 80 and the Pennsylvania Turnpike serving as important east-west routes for the rest of the East Coast, […]
Read MoreMore information about Loss
Industrial Accident Lawyer
Pennsylvania is home to a robust industrial sector. Thousands of Pennsylvanians work in manufacturing plants, steel plants, chemical plants, power plants, construction sites, and other high-risk industries. Even with safety measures in place, accidents happen. If you suffered a work-related injury, you are probably facing a mountain of medical bills at a minimum. In the event of a catastrophic injury, you are likely drowning in medical bills and struggling to adjust to a life with permanent disability. A work injury attorney can help you get the compensation you need and deserve.
Industrial Accident Injury Claims: What You Need to Know
When you have suffered injuries from an industrial workplace accident, you may be able to seek financial compensation. An industrial injury lawyer will tell you the options in your specific case during your no obligation consultation. The most common types are workers’ compensation (often called workers comp) and third party accident claims, […]
Read MoreMore information about Loss
Allentown Personal Injury Lawyer
An Allentown personal injury lawyer can be the difference between struggling with medical bills and securing the compensation you need following a serious accident. At Munley Law, we’ve built our reputation by consistently outmaneuvering insurance companies and winning substantial settlements for our clients throughout the Lehigh Valley. While other law firms might pressure you to accept a quick, inadequate settlement, we meticulously build your case and push back against lowball offers – often doubling or tripling initial compensation offers through aggressive negotiation and litigation.
Don’t let insurance adjusters minimize your suffering or deny you fair compensation. Our record of multi-million dollar verdicts proves our accident attorneys know how to win, and we’re ready to put that experience to work for you. Contact us today for a free consultation and learn why many injured Lehigh Valley residents trust Munley Law to fight for their future. […]
Read MoreMore information about Loss
What Does a Wrongful Death Lawyer Do?
When faced with the tragic loss of a loved one due to someone else’s negligence or wrongful actions, understanding how a wrongful death lawyer can help becomes essential. These legal professionals specialize in wrongful death claims, guiding families through the legal process while advocating for their rights.
A wrongful death attorney helps families file their claims and build strong cases. They work diligently to gather evidence and establish who was at fault. They also fight to secure fair compensation for the family’s devastating losses. The process involves a thorough investigation of the death. They often bring in expert witnesses to strengthen the case. Throughout the process, they handle all negotiations with insurance companies.
Each element plays a vital role in building a compelling case to, ultimately, hold the responsible parties accountable. With a focus on both legal expertise and compassionate support, […]
Read MoreMore information about Loss
How to Tell If a New Tire Is Defective
Tires play a critical role in your safety when driving a vehicle. A defective tire can suddenly fail or blow out at high speeds, causing your vehicle to spin out of control, roll over, or veer into oncoming traffic. Tread separation or sidewall collapse can lead to immediate loss of steering control, resulting in multi-car collisions, running off the road, or crashing into fixed objects.
Knowing how to spot the signs of a defective tire is important. This guide will explain what you need to know about this topic. If you believe you were injured because of a tire defect, contact the product liability lawyers at Munley Law for your free consultation today.
Visual Indicators of a Defective Tire
A quick visual inspection can often tell you whether a tire is defective. Warning signs to be on the lookout for include:
- Unusual tire tread patterns
- Tread separation, […]