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.
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Truck Accident Statistics You Need to Know
Since they’re large and often pack a lot of weight, truck crashes can be especially serious and result in devastating injuries. Some of the factors that contribute to truck accidents include:
- Poor truck braking capability results in taking 20-40% longer to stop and even more on wet or slippery roads
- Truck driver fatigue
- Weight of the trucks
In today’s consumer-driven market, manufacturers and businesses are under increased pressure to reduce delivery times. For this, the trucking industry has cemented itself as the most reliable delivery method of goods across the United States. With an estimated worth of nearly $800 billion, trucking is responsible for most overland freight in the U.S.
In this article, our truck accident lawyer provides an overview of the most important truck accident statistics in 2024.
Truck Accidents Cause Roughly 130,000 Injuries Each Year
A variety of factors – […]
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Rollover Car Accidents
Contact a rollover car accident lawyer at Munley Law if you or a loved one has been injured in a rollover accident. Rollover crashes, where a car flips onto its roof, are some of the most dangerous types of accidents on the road. If you’ve been injured in a rollover accident or tragically lost a loved one due to another driver’s negligence, the aftermath can be overwhelming. We understand the emotional and financial strain a rollover accident can cause. That’s why we offer free consultations to discuss your case with an experienced auto accident attorney to review the details of your claim, advise you on your legal options, and guide you through every step of the process.
At Munley Law, our experienced car accident lawyers understand the unique challenges associated with rollover accidents. We’ve been fighting for the rights of injured victims since 1959, […]
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Bethlehem Personal Injury Lawyer
A Bethlehem personal injury lawyer from Munley Law can stand by your side when an unexpected accident leaves you hurt, unable to work, and facing mounting medical bills. Whether you’ve suffered injuries from a car crash, slip and fall, or medical malpractice, these accidents can drastically change your life. Our experienced legal team helps accident victims and their families throughout Bethlehem and Pennsylvania recover the compensation they deserve for their injuries and losses.
If someone else’s negligence harmed you or a loved one, call Munley Law today for a no-obligation, free consultation.
Why Do I Need a Personal Injury Lawyer After an Accident in Bethlehem?
You are not legally required to hire an attorney for a personal injury claim, but it’s rarely wise to handle it yourself. Most Bethlehem residents choose a personal injury law firm like Munley Law for legal counsel so they can focus on healing from their injuries. […]
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Lancaster Personal Injury Lawyer
Our Lancaster personal injury lawyers have represented injury victims in Lancaster County for decades, and we can do the same for you. If you’ve been hurt at work, in a car, truck, or motorcycle accident, or were injured by another person’s negligence, you need legal representation you can trust.
If you or a loved one has been hurt, call Munley Law’s Lancaster personal injury attorneys today for a no-obligation, free consultation.
How Our Lancaster, PA Accident And Injury Lawyers Can Help You
Lancaster County has some of the most dangerous roads in the state, like Route 30 or the Lincoln Highway, Route 222, Route 283, and Route 501, making it a popular region for motor vehicle accidents.
Lancaster is also booming with commerce and tourism, which increases the risk of workplace injuries, pedestrian accidents, […]
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Train Derailment Lawyer
The experience of a train derailment lawyer can be invaluable after what can be a terrifying and life-altering event. With the force and impact of a train accident, severe injuries, loss of life, and significant property damage aren’t uncommon. If you or someone important to you has been injured in a train derailment, medical bills, rehabilitation, and emotional trauma might be taking their toll. With everything you’re dealing with, you may not be sure what the next move is. Train derailment lawyers understand the complexity of train accident cases and are committed to helping you get the compensation you deserve so you can focus on healing and moving forward.
Whether you were a passenger on the train, a railroad employee, or a driver or passenger in a motor vehicle involved in the crash, you may be entitled to compensation for your injuries and/or the death of your loved one. […]
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