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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Should I Accept the Insurance Company’s Offer After a Truck Accident?
Should I Take the Insurance Company’s Settlement?
Truck accidents are complex, multi-faceted, traumatic, and emotionally draining events for all parties involved — especially truck accident victims. If you or your loved one has fallen victim to such a devastating occurrence, there is evidence to scrutinize, truck logs to detail, mechanical efficacies to validate, and liability to determine.
Big trucking companies have built-in insurance company representatives who are trained to empathize and to negotiate an early settlement offer with you. You are likely to endure more injuries and expenses than you originally thought, and once you formally agree and accept an insurance settlement offer, you cannot later act on second thoughts; further negotiations are considered off the table.
This all leads to why you should never be hasty to accept an initial offer that an insurance company makes — the best way to protect your rights after a truck accident is to make sure you don’t speak with the insurance company until you first speak with an experienced truck accident lawyer at Munley Law Personal Injury Attorneys who will defend your rights and ensure that you are fairly compensated. […]
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Preserving Evidence After a Truck Accident
Most people know, generally, that they have rights after an accident caused by someone else. However, knowing you have rights in the abstract is very different from being in a situation in which you have to enforce those rights. This is especially true following a truck accident, which often times cause more severe injuries and involve multiple drivers. A truck accident lawyer can help you navigate the aftermath an accident. But that lawyer will need evidence if they’re going to win.
There’s no way around it, being in an accident is scary and overwhelming. For that reason, our first thought after a truck accident is rarely “What evidence do I need to successfully recover for my injuries in a personal injury claim?” It’s completely understandable; injuries after a truck accident are often traumatic, and you and your family are focused on recovery. However, in the days, […]
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What Does a Philadelphia Car Accident Lawyer Do?
How Can a Car Accident Attorney Help With My Case?
Choosing a Philadelphia car accident attorney is a decision not to be taken lightly. Car accidents can lead to serious injuries, which can have a lifelong impact. Those who have traffic accidents know that in many cases, a great deal of physical, emotional, and psychological healing is necessary. If you’ve just emerged from a traumatic situation like a car accident, you want to make sure that the person fighting on your behalf and protecting your rights is the right fit for you.
But where to begin when looking for an attorney after a serious car accident? Many people have never had the need to work with a personal injury lawyer before, and the process of finding one — and understanding why you need one — can feel overwhelming. Some folks may consider trying to navigate the legal components of their car accident without professional help, […]
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Common Types of Car Accidents
Injured in a Car Accident? We’re Here to Help.
Regardless of what type of car accident you’ve been involved in, if you’ve been injured, you’re not alone. After a car accident injury, you may be feeling overwhelmed. Don’t try to recover alone. At Munley Law Personal Injury Attorneys, our car accident attorneys have been helping injury victims for decades. We handle car accident cases regardless of what type of accident it was or its cause.
With a long history of winning cases, the car accident lawyers at Munley Law Personal Injury Attorneys have earned national recognition for their success. We have been named among the Best Lawyers in America (via Best Lawyers), Pennsylvania Super Lawyers, and the nation’s Best Law Firms (U.S. News and World Report).
Call us today or use our online form for a free consultation. […]
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Multi-Vehicle Accident Lawyer
Multi-vehicle accidents, also known as pile-ups or chain reaction crashes, can be extremely destructive, traumatic events. Getting into a car accident with another driver is always stressful and a scary experience. But an accident involving multiple cars, trucks, or buses can be especially devastating. These types of accidents can cause serious damage, life-threatening injuries, and lasting trauma. What’s more, they tend to be legally complex, and present unique challenges when it comes to determining liability. In order to receive fair compensation for your injuries, you will need a highly skilled injury lawyer with experience handling multi-vehicle car accident cases.
Whether you were in a three-vehicle crash on a city street or a massive pileup on the highway, an experienced car accident attorney at Munley Law Personal Injury Attorneys is ready to help you with your claim. For more than 60 years, the multi-vehicle accident lawyers at Munley Law Personal Injury Attorneys have helped people with the most complicated car accident claims. […]
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