Loss

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

Bethlehem Hit and Run Accident Lawyers

When you or your loved one are injured in a car or pedestrian accident, the last thing you should worry about is whether the liable driver remains at the scene. Hit and run accidents are unfortunately too common in Bethlehem, and fleeing the scene can amount to a felony hit and run.

Bethlehem is filled with cultural and artistic attractions, including SteelStacks, the National Museum of Industrial History, and the Lehigh & Keystone Valley Model Railroad Museum. Combined with the major highways that surround the Lehigh Valley and the busy roads that cut through, the influx of drivers makes hit and run accidents more likely than ever.

Whether you are driving downtown, parked to visit an attraction, or are a pedestrian, navigating a hit and run accident is challenging.

Munley Law’s Bethlehem hit and run accident lawyers are ready to take on your case. […]

Bethlehem Distracted Driver Accident Lawyer

Bethlehem, Pennsylvania, is a vibrant city with a rich blend of history, culture, and entertainment. It is home to the SteelStacks, a transformed former steel plant that now offers concerts, festivals, and other events. Lehigh University, known for its leading engineering program, houses over 7,000 students within the city limits. With a thriving arts scene, diverse dining options, and beautiful parks, Bethlehem is a vibrant city that attracts new residents and tourists alike.

Interstates 378 and 78 run through the city, creating daily heavy traffic (often with commercial trucks). With bustling highways, over 75,000 residents who commute to and from work, and young Lehigh University drivers, distracted driving can devastate the entire community.

If you or your loved one were injured in a distracted driving accident, call the distracted driving accident lawyers at Munley Law. Our law firm offers a free consultation where an experienced lawyer will listen to your story and walk you through all your legal options. […]

Bethlehem Drunk Driving Accident Lawyer

If you or a loved one were involved in an accident with a drunk driver, you need an experienced Bethlehem drunk driving accident lawyer at Munley Law. Given the serious consequences of drunk driving, it is essential to have a skilled legal team on your side who can help you navigate the complex legal process and ensure that you receive the compensation you deserve.
It is common knowledge that driving under the influence of alcohol is a dangerous and illegal act. Alcohol consumption can significantly impair the central nervous system, which in turn can limit a driver’s ability to operate a vehicle safely. When a driver chooses to get behind the wheel after drinking, they are putting themselves and others at serious risk of harm. Our drunk driving accident lawyers are well-equipped to assist you in navigating the legal complexities of such cases and obtaining the compensation you deserve. […]

Economic Effect of Car Accidents on Easton Residents

If you get into a car accident in Easton, PA, you may be facing more than just healing from a severe injury. The economic effects of car accidents are both direct and indirect – from immediate expenses such as vehicle repairs and medical bills to lost wages and ongoing care needs. That’s why it’s important to speak with an experienced Easton car accident lawyer to understand your next steps for recovering compensation for your injuries. Let’s dive in to learn more about the economic impact of car accidents.

Car Accidents Have Direct Economic Consequences

Auto accidents can have serious economic repercussions. First of all, vehicle and property damage costs must be considered. For many residents of Easton, relying on their car as part of daily commuting and living needs can become significant financial liabilities; repair bills for a totaled vehicle or even replacing one could become considerable expenditures. […]

Lowboy Truck Accident Lawyer

Were You Injured in an Accident With a Lowboy Truck? We’re Here to Help

Lowboy trucks are often carrying heavy loads, and accidents involving these types of rigs can be particularly devastating. Although things can go wrong in any type of trucking accident, there are a few specific outcomes that drivers should be aware of in a lowboy truck accident. Some of these scenarios include limited visibility because of the trailer, reduced brake responsivity due to the inertia of the trailer, and the possibility of the trailer detaching in a crash.

Collisions with lowboy trucks can be messy to navigate. In a regular, non-commercial crash, the relevant parties include the motorists and their respective insurance companies. As lowboy truck accidents are commercial in nature, the employer of the truck driver will be an additional party involved in the claims process.

If you or a loved one was injured in a lowboy truck accident, […]