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 Can I Sue for After a Truck Accident?
A truck accident can happen at any time. When you are in a passenger vehicle, on a bike or motorcycle, you are particularly vulnerable to serious injuries. Trucks are heavy vehicles with a lot of force and the potential to cause serious damage just by their sheer size and weight.
Pennsylvania has many interstates, routes and highways which see a lot of truck traffic. If you have ever been traveling on route 81 for instance, you know how intimidating and scary it can swiftly become to be surrounded by large trucks going at a high rate of speed.
After a truck accident you might be facing a lot of frustrating and confusing hardships. You can have minor or very serious injuries, you might have lost your vehicle which was your primary transportation to work, you might be angry and scared looking forward to a future with physical therapy, […]
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What Kind of Cases Do Personal Injury Lawyers in Philadelphia Handle?
Understanding Types of Personal Injury Cases
In the Philadelphia area, personal injury lawyers handle cases of every type, ranging from serious, life-threatening accidents, to minor injuries. A personal injury is generally defined as an injury that occurs due to someone else’s negligence. It could range from a truck accident due to driver fatigue to a slip and fall that occurs because a property owner failed to keep their space safe. Personal injury cases usually involve seeking a settlement around physical and/or emotional damages.
Every case is different, so it is important to work with an experienced Philadelphia personal injury attorney who has a winning track record. At Munley Law Personal Injury Attorneys, we have been practicing personal injury law for more than 60 years. Every Philadelphia personal injury lawyer at our firm believes in fighting hard to ensure you get the compensation you deserve. […]
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What to Do After a Pennsylvania Truck Accident
Know the steps to get the care and compensation that you are entitled to
Pennsylvania roads are experiencing the return of routine work and school commuting schedules. The pandemic has demanded more remote buying, and a need to employ more truck drivers to meet the demand. With this increase in volume, truck accidents have escalated in the past few years. The emotional, physical, and financial traumas that truck accidents and car accidents arouse can seem overwhelming, to say the least. During this trying time, it is hard to know what to do, in what order, and how to create the best outcome.
If you or a loved one were involved in a truck accident in Pennsylvania, Munley Law Personal Injury Attorneys is your best advocate. With more than 60 years of experience, Munley Law Personal Injury Attorneys’s nationally recognized truck accident attorneys aggressively pursue the justice and compensation that you and your family deserve. […]
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What Damages Can I Recover in a Truck Accident Claim?
A truck accident can change your life. There are the obvious consequences: your vehicle might be totaled. Your injuries leave you in pain, facing a lengthy recovery, and unable to work. You might have PTSD or severe mental anguish in the wake of your accident. Then there are the financial consequences. Many accident victims and their families are not prepared for the astronomical costs they face after being in a truck accident. The accident wasn’t your fault, so you shouldn’t be left with the bill. Unfortunately, you are unlikely to receive full, fair compensation from the at-fault parties without the help of a truck accident lawyer.
A truck accident lawsuit is often the only path to justice for accident victims. While a truck accident lawsuit cannot reverse the damage that has been done, it can provide you with the resources you need to rebuild your life and protect you from financial struggles. […]
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What to Do If a Truck Leaves the Scene of a Crash?
What Can You Do if a Truck Driver Leaves the Scene of an Accident?
Becoming a victim of a hit and run crash with a truck is a traumatic experience. Truck crashes are increasing in frequency and truck drivers who are “at fault” are more often guilty of leaving the scene of an accident than in the past.
Leaving the scene of an accident isn’t a wise decision. It is a crime that normally results in a more serious penalty than those normally imposed for causing an accident. A driver who flees an accident scene may lose his or her license and/or receive a prison sentence.
Yet many drivers, in the heat of the moment, flee for a variety of reasons. Sometimes they may leave an accident site unintentionally, unaware they caused damage or injury.
Victims of hit-and-run truck accidents often suffer serious, […]
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