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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Can I Sue Uber for Emotional Distress After an Accident?
Picture this: It’s Saturday night and you are leaving your favorite local restaurant. You plan to Uber back home after meeting up with friends. You book a car, and within no time, your Uber is waiting for you. All seems well until your Uber driver starts to exhibit signs of reckless driving. He’s speeding, being aggressive toward other drivers, and leaving you feeling uneasy. Then it happens, you’re in a car accident. Not only do you have physical injuries, but emotional trauma as well.
With more Americans opting for rideshare transportation, it’s no wonder that we’re seeing services like Uber and Lyft accounting for a percentage of total traffic accidents and fatalities. In a 2018 study by the University of Chicago and Rice University, it was found that rideshare services such as Uber and Lyft actually make up a two to three percent increase in traffic fatalities since 2011. […]
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What Happens After Your Lyft Gets Into an Accident?
In recent years, rideshare services like Uber or Lyft have revolutionized the way we commute, offering convenience at the tap of a screen. As these platforms surge in popularity, so does the volume of Lyft drivers and the number of vehicles on the road under their banner but most do not know what happens if your Lyft gets into an accident. When such misfortunes strike, especially when bodily injury is involved, the aftermath can be complex and overwhelming. It’s in these critical moments that the expertise of a Lyft accident lawyer becomes invaluable to you as a passenger.
The Lyft accident lawyers at Munley Law Personal Injury Attorneys stand at the forefront of legal representation in the rideshare accident domain. With a legacy rooted in dedication and client-centric service, our team is well-versed in the intricacies of car accident laws. Whether you’re a passenger, driver, or third party affected by a Lyft accident, […]
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How Do I Find the Best Harrisburg Car Accident Lawyer Near Me?
In the picturesque setting of Harrisburg, where the beautiful Susquehanna River grants us breathtaking views and the historic State Capitol building stands as a testament to Pennsylvania’s rich history, life is not always as serene as it appears. Regrettably, car accidents are a common occurrence in our vibrant city, turning pleasant drives along picturesque roads like the scenic Riverfront Park route into unforeseen tragedies. When such unfortunate incidents happen, you find yourself asking, “How do I find the best Harrisburg car accident lawyer near me?”
Finding a lawyer who is well-acquainted with the local Harrisburg nuances, including the ins and outs of PA car accident laws, can be your cornerstone to building a strong case. Whether you are a resident of historic districts like Midtown or newly developed areas like Uptown, having a lawyer who understands the hyperlocal details can make a significant difference.
Munley Law stands as one of the best Harrisburg car accident lawyers. […]
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How can a Pittsburgh Truck Accident Lawyer Help?
In the heart of Pennsylvania, where the Allegheny and Monongahela rivers meet to form the Ohio River, lies the vibrant city of Pittsburgh. This city is adorned with historic landmarks such as the Fort Pitt Block House and busy roads like the Penn Lincoln Parkway. It is a hub of activity and life. Yet, the streets of Pittsburgh can sometimes be the scene of devastating truck accidents, bringing challenges and hardships to victims and their families.
Munley Law Personal Injury Attorneys can help if you or a loved one has been injured in a truck accident in Pittsburgh. With over six decades of experience, our Pittsburgh truck accident lawyers are here to fight for your rights, ensuring you receive the compensation and support you deserve. Entrust your case to a team that knows Pittsburgh inside and out, and is committed to making things right for accident victims in the Steel City. […]
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Does Car Insurance Cover Bicycle Accidents in Pittsburgh?
In the heart of Allegheny County, where the iconic three rivers converge, Pittsburgh stands as a beacon of resilience and transformation, embodying the spirit of innovation and community. Yet, as the city embraces cycling fervently, encouraging its locals and numerous students dwelling in education hubs like Carnegie Mellon and the University of Pittsburgh to take to the beautiful, yet sometimes challenging terrains on their bikes, a pressing question looms large — Does car insurance cover bicycle accidents?
Understanding the intricacies of bike accident insurance in Pittsburgh’s unique landscape — from the busy streets of Downtown to the tranquil pathways of Schenley Park — is not just important, it’s vital. Whether you are a daily commuter using the extensive bike lanes the city has to offer or a weekend warrior exploring the Great Allegheny Passage, having a clear understanding of what insurance covers bike accidents can be your shield in distressing times. […]
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