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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South Carolina Truck Accident Lawyers
Get a free case review from the nation’s leading truck accident lawyers
According to the Office of Highway Safety and Justice Programs, a division of the South Carolina Department of Public Safety, the number of motor vehicle collisions in the state last year increased to over 142,400, the highest number in South Carolina’s history. There was a rise in more than just the number of crashes on South Carolina’s highways, state routes, local streets, and private roads. The number of accident-related fatalities increased 4.8% last year, and the number of truck accidents fatalities jumped an alarming 33.8%.
These accidents can be life-altering. Injured crash victims may face staggering medical bills, loss of income, altered quality of life, and more. If you suffered an accident with a semi-truck, big rig, tractor-trailer, or other large commercial vehicle in South Carolina, you are not alone. […]
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Texas Truck Accident Lawyer
Until you’ve been involved in an accident with a large truck, it can be hard to imagine how much a truck crash impacts your life. As Texas truck accident lawyers with decades of experience, we know the physical, emotional, and
financial strain you’re experiencing now.
Truck accidents are not just larger versions of car accidents—they involve unique legal challenges and require specialized knowledge to ensure you receive the compensation you deserve. At Munley Law, our experienced truck accident attorneys are dedicated to holding trucking companies accountable and securing maximum client compensation. We are ready to help you get back on your feet.
About Our Truck Accident Law Firm
Munley Law was founded in 1959. Since then, our family-run firm has earned a nationwide reputation as one of the leaders in personal injury and truck accident law. Our 18-wheeler accident attorneys are among a few lawyers who have earned board certification in truck accident law. […]
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Illinois Truck Accident Lawyer
According to the United States Census Bureau, more than 3.5 million people worked as truck drivers in 2019, making it one of the largest occupations in the nation. Many of these people live in Illinois; in fact, the Chicago-Naperville-Arlington Heights metropolitan area alone contains 37,500,00 resident truck drivers. We, of course, rely on trucks to bring us necessary goods, but there are also dangers that come from having so many trucks on the road. A fully loaded truck can be as much as 16 times heavier than a passenger vehicle; if the two collide, the passenger vehicle and its occupants will most likely bear the brunt of the damage.
Experiencing any car accident, particularly one that involves a truck, is a traumatizing experience. And it doesn’t end on the scene: you’re stuck battling with insurance companies, paying thousands of dollars of medical bills, […]
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Ohio Truck Accident Lawyers
If You Have Been Involved in a Truck Accident in Ohio, Call Munley Law Personal Injury Attorneys Today
According to the National Highway Traffic Safety Administration (NHTSA), 8.2 percent of all traffic fatalities in 2013 involved large trucks. That totals to nearly 300,000 large truck accidents. If you have been involved in a crash caused by the negligence of a truck driver, trucking company, or truck manufacturer, you may be entitled to compensation. Contact the experienced Ohio truck accident attorneys at Munley Law Personal Injury Attorneys to learn more about your legal rights and options at [phone-number]. No amount of preventative measures can protect motorists from the negligence or wrongdoing of other drivers. When a motorist is involved in an accident with a semi truck, the consequences can be tragic for the victim and his or her family. […]
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Connecticut Truck Accident Lawyers
If You Have Been Involved in a Truck Accident in Connecticut, Call Munley Law Personal Injury Attorneys Today
If you were injured or your loved one was killed in a catastrophic truck accident in Connecticut, you may be entitled to compensation for medical bills, lost wages, pain, and suffering. To obtain this compensation, you will need the help of an experienced injury lawyer whose practice is centered on truck accident cases specifically. Most personal injury lawyers don’t specialize in truck cases. Munley Law Personal Injury Attorneys does. Our nationally recognized truck accident injury attorneys have decades of experience bringing truck crash cases to settlement and trial and have won numerous multi-million-dollar results for our clients.
Begin the recovery process with a free consultation with a truck accident lawyer. We will review the details of your case and advise you on the next steps to take. […]
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