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.
More information about Insurance
What is the Average Payout For a Motorcycle Accident In Easton, PA?
Motorcycle accidents can be devastating, both physically and financially. If you have been involved in a motorcycle accident in Easton, PA, you may be wondering what the average payout is for a motorcycle accident case. This is a valid concern, as motorcycle injuries can often result in significant medical bills, lost wages, and other expenses. Contact an Easton motorcycle accident attorney today for a free consultation and to discuss the factors that can affect the amount you may receive for your motorcycle injury claim payout.
How Is the Average Settlement Determined for a Motorcycle Accident?
Determining an exact average payout for motorcycle accidents in Easton, PA, can be tricky due to the varying circumstances of each accident. Settlement figures fluctuate significantly, influenced heavily by the severity of injuries, the extent of property damage, and the impact on the victim’s earning capacity. […]
More information about Insurance
What Should I Do If I Am In a Motorcycle Crash in Easton, PA?
Motorcycle accidents are, unfortunately, common occurrences on the roads of Easton, PA. As a motorcycle rider, you understand the risks and dangers of sharing the road with larger vehicles. However, even the most experienced and cautious riders can be involved in a motorcycle accident. And if you were in an accident because of a motorcyclist’s negligence, the trauma of the motorcycle collision and catastrophic injuries can bring shock and a crippling feeling of overwhelm. If you have been in a motorcycle accident in Easton, PA, knowing what steps to take to protect yourself and your rights is important. Seek out a free consultation from an experienced Easton motorcycle accident lawyer to discuss the necessary actions you should take and how to navigate this difficult situation to get the financial compensation you are entitled to.
Ensure Personal Safety After the Motorcycle Crash
In the disorienting moments following a motorcycle wreck, […]
More information about Insurance
What Can an Uber Accident Lawyer in Scranton Do For Me?
Being involved in a car accident is a stressful and overwhelming experience, but it becomes even more complicated when the accident involves a popular ridesharing service like Uber. In these situations, navigating the legal process and ensuring you receive the compensation you deserve can be challenging. That’s where a Scranton Uber accident lawyer comes in. These specialized attorneys are well-versed in the unique challenges of Uber accidents and can provide invaluable support and guidance throughout your case. In this blog post, we will explore what an Uber accident attorney can do for you and why it is essential to seek their help after being involved in an Uber car accident.
How Can an Uber Accident Lawyer Help My Claim?
Navigating the legal jargon following an Uber accident can be daunting. However, a Scranton Uber accident attorney can guide you to comprehend your rights and duties in the aftermath. […]
More information about Insurance
The Common Causes of Uber Accidents in Wilkes-Barre, PA
Given the college-town atmosphere and urban setting, Uber has emerged as a pivotal player in transportation in Wilkes-Barre. However, its popularity has brought an increase in Uber-related accidents. The common causes of these accidents vary, ranging from distraction and fatigue to speeding and reckless driving as drivers navigate tight schedules. Adverse weather conditions in Wilkes-Barre also compound these risks, challenging even the most seasoned drivers. But as with any auto accident, mechanical failures and insufficient vehicle maintenance are notable factors for these collisions. Munley Law understands the complexities of auto accidents involving Uber and Lyft drivers and works to assist those affected by these collisions. Call our Wilkes-Barre Uber accident lawyer today if you or a loved one were involved in an Uber accident.
Common Causes of Uber Car Accidents in Wilkes-Barre
Uber accidents in Wilkes-Barre can occur for a variety of reasons. […]
More information about Insurance
Easton Uber Accident Lawyer
In the modern era of ride-sharing, services like Uber have transformed the way we commute. However, along with this convenience come new complexities in the event of a car accident. If you’ve been involved in an Uber accident in Easton, Pennsylvania, you may find yourself navigating unfamiliar territory. Determining liability, dealing with car accident insurance companies, and understanding state-specific laws can be overwhelming. This is where the role of an experienced Uber accident lawyer becomes pivotal.
The Easton, PA, car accident lawyers at Munley Law Personal Injury Attorneys have the expertise in Uber-related accidents, understand the local legal landscape of Easton, and can significantly influence the outcome of your car accident case. Call a Munley Uber accident lawyer in Easton, PA, today for a free consultation so that you make an informed decision, protect your rights, and secure the compensation you deserve.
Understanding Uber Accidents
Understanding Uber accidents involves recognizing the unique aspects that come into play compared to regular car accidents. […]
Read More
