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 to Do After Getting Into an Accident With a Distracted Driver?
Take the necessary steps to ensure that that the responsible party is held accountable
Distracted driving accidents are rampant. Many people do not understand that driving on the road requires your full attention. There are a host of different scenarios that can qualify distracted driving, from texting or checking emails to doing makeup or drinking coffee. If you are a victim of a distracted driving accident, you must hire a distracted driving accident attorney that can successfully establish that the distracted driver was at fault and that the accident wasn’t caused by another factor beyond the driver’s control.
The Pennsylvania car accident lawyers at Munley Law Personal Injury Attorneys have over six decades of experience in successful compensation of distracted driving accident cases. If you or a loved one has been involved in a car accident with a distracted driver, you will need qualified representation from a firm familiar with the challenges involved with a distracted driving accident. […]
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Philadelphia Distracted Driving Accident Lawyer
A Philadelphia Distracted Driving Accident Attorney is Here to Help
Distracted driving is a growing problem throughout Pennsylvania, especially for inexperienced drivers. The increase in use of cell phones and new technology in vehicles is increasing distracted driving more than ever before. Getting into an accident with a distracted driver in Philadelphia can result in hundreds of thousands of dollars in medical bills, property damage, and lost income. You could be facing a long road to recovery and will need the expertise of a Philadelphia distracted driving accident lawyer to help you with your claim.
If you or someone you love has been injured in a Philadelphia distracted driving accident, our experienced distracted driving accident attorneys are ready to fight for you today. Let the Philadelphia car accident lawyers at Munley Law Personal Injury Attorneys pursue your personal injury claim so you can focus on healing both physically and emotionally. […]
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What Are the Most Common Causes of TBI?
What Types of Accidents Cause a Traumatic Brain Injury?
Traumatic brain injuries often occur after a hard blow to the head, whether from falling, getting into a car crash, or being involved in an accident. These types of injuries can be life changing physically, emotionally, and financially.
If you or someone you loved has suffered from a traumatic brain injury due to someone else’s negligence, speak to a lawyer today. The traumatic brain injury lawyers at Munley Law Personal Injury Attorneys have decades of experience ensuring injury victims get the justice they deserve. Contact us today for a free consultation.
How Common Are Traumatic Brain Injuries?
A traumatic brain injury (TBI) is different from a head injury in that it can cause serious complications, even if it is mild and not life-threatening. Most traumatic brain injury cases each year fall into this category, […]
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Philadelphia Head-On Collision Lawyer
A head-on collision is one of the most destructive types of car accidents you can experience in your life time. From physical injuries to mental anguish, a car accident can be a life-altering experience. If you or a loved one has been injured in a head-on collision, or if you have lost a loved one due to injuries sustained during a head on motor vehicle crash, a Philadelphia head-on collision lawyer is here to help.
At Munley Law Personal Injury Attorneys, our Philadelphia car accident lawyers have been helping accident victims for more than 60 years. Contact us today for a free consultation.
Philadelphia is home to some of our state’s most famous and popular landmarks and destinations. A busy hub for industry, home to one of America’s oldest shipping centers, The Port of Philadelphia, which is the heart for some of the east coast’s busiest maritime commerce. […]
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What Happens If I Am At Fault for A Car Accident?
What Options Are Available for At-Fault Car Crash Drivers?
Being involved in an accident can be a terribly stressful situation. Many of us consider ourselves safe drivers, but sometimes accidents happen. If you are at fault completely or partially for a car crash, you may wonder what legal options you have.
If you were found at fault for car accident, there are certain steps you should take to protect your claim. There may be a possibility that someone else may be more at fault for the accident, but an investigation will be needed. A car accident lawyer at Munley Law Personal Injury Attorneys can help.
How Can I Prove Who is At Fault After a Car Accident?
Getting into an auto accident is a stressful time. Chances are you may not even remember what happened prior to the accident. […]
