What is Insurance?
Insurance is, “a contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the “insurer” or “underwriter;” the other, the “insured” or “assured;” the agreed consideration, the “premium;” the written contract, a “policy;” the events insured against, “risks” or “perils;” and the subject, right, or interest to be protected, the “insurable interest.” (Black’s Law Dictionary 946. 4th Ed. Rev. 1968)
An insurance policy is a contract in which an individual or entity (the policyholder) pays an insurance company (the insurer) in regular payments in exchange for financial protection over specific risks or losses. For example, medical insurance helps to cover medical costs, such as hospital visits, hospital stays, and medications. Similarly, auto insurance helps to cover damages incurred from car accidents. Insurance payments are known as premiums. Insurance contracts typically limit the amount of costs that an insurance provider may be required to pay.
The McCarran-Ferguson Act (15 U.S.C. § 1011) grants many aspects of insurance regulation to individual state governments. However, federal laws like federal taxes do apply to insurance, and must be acknowledged. Insurance is important to the legal system, as it helps protect individuals, those who cause harm to individuals through negligence, and any third party that is faced with the burden of compensating for an injury.
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What Percentage of Work Zone Related Accidents Involve Large Trucks?
When you drive by a work zone on a main road or highway, you’ll likely see several large trucks on your route: dump trucks, garbage trucks, heavy trucks, oversized trucks, tractor trailers, and more. Construction workers use these large vehicles to pave roads, fix potholes, and even build new parts of the highway. While these massive motor vehicles are essential to construction work, they are inherently dangerous and can cause devastating harm to passenger vehicle drivers on the road.
We’re going to talk about the statistics on large trucks, work zone accidents, fatal crashes, how to avoid an accident, and what to do if you’ve been in an accident with a large commercial truck in a work zone.
If you have more questions, the Munley Law truck accident lawyers are standing by. We offer a free consultation where we will discuss your story, offer expert legal advice, […]
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Can I Sue My Neighbor for an Injury on Their Property?
When you’ve been injured on a neighbor’s property, you might feel confused, upset, and unsure about what to do next.
You may wonder about your options if you’ve suffered an injury while visiting next door. The short answer is yes, you can sue your neighbor for an injury on their property, but there’s more to consider before taking that step.
When an injury occurs on a neighbor’s property, the question of legal recourse often arises. The ability to sue a neighbor for such an injury depends on several factors and involves understanding premises liability law. Call a premises liability lawyer at Munley Law for a free consultation to review your legal options.
Why You Might Sue Your Neighbor for an Injury on Their Property
While suing a neighbor can be a difficult decision, there are several legitimate reasons why you might need to take this step if you’re injured on their property:
- Medical Expenses: If you’ve incurred significant medical bills due to the injury, […]
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How to Deal With Workers’ Comp Insurance Adjusters
If you were injured at work, your employer and their insurance company are legally obligated to help you with the unforeseen expenses that come along with the injury. Workers’ comp benefits cover medical bills and lost wages if your workplace accident requires you to miss days at work. While workers’ comp law is designed to protect workers and employers, things can often be missed.
If you need help with workers’ comp law and compensation benefits, or if you need help filing a personal injury claim on top of workers’ comp, reach out to an experienced workers’ compensation attorney at Munley Law. Our lawyers will make sure you receive the workers’ comp benefits you are entitled to following a work-related injury.
What Is a Workers’ Compensation Insurance Claims Adjuster?
Workers’ compensation claim adjusters are employees of the insurance company. Adjusters are sometimes referred to as case managers or claim managers. […]
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Are Highways Safer Than Regular Roads?
Believe it or not, highways are generally safer than regular roads. While traffic accidents can happen anywhere, statistics show that highways have a lower rate of fatal accidents and injury crashes compared to local and arterial roads. In this article, we’ll go over the factors that contribute to highway safety, including the limited access points, speed limits, and physical barriers on highways.
If you have any more questions regarding highway safety, or if you have been involved in a highway accident, call the Munley Law personal injury lawyers. Our accident lawyers offer a free consultation where we will answer your questions and discuss your legal options.
Crash Fatality Statistics: Highways vs. Local and Arterial Roads
According to a 2022 report from the Insurance Institute for Highway Safety (IIHS), crash deaths in rural areas were less likely to occur on rural highways, […]
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Does Driving Slow Cause More Car Accidents?
When an accident occurs, we often think of aggressive drivers or motorists traveling at excessive speeds. But what many don’t realize is that slow drivers can also cause car accidents by disrupting the flow of traffic.
If high or slow speeds were the cause of your motor vehicle accident, Munley Law can help you through the legal process.
Why Slow Driving Can Be Dangerous
Pennsylvania law, mandates that drivers adhere to posted speed limits. The state’s minimum speed limit regulations require motorists to maintain speeds that do not impede the “normal and reasonable movement of traffic.” Nevertheless, reduced speeds are permissible when safety is a concern.
On single-lane roadways where passing is impossible, slow-moving vehicles are required to pull over to the brim or shoulder to allow others to pass.
With these regulations in place, drivers must understand that safety is a concern when slow drivers are on the roadways, […]
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