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 Get a Lawyer for a Car Accident That Wasn’t My Fault?
Do I Still Need a Car Accident Attorney After a Car Accident That Wasn’t My Fault?
If you are involved in a car accident, you may think that because the car wreck wasn’t your fault, you don’t need a lawyer. The reality is, even if you did not cause the car accident, it may be a good idea to seek legal representation to prove that you do not share in the fault.
While you never have to get a car accident attorney, securing representation early on can be beneficial in the claim filing process as well as bringing forth any lawsuits against the negligent party. This allows you to be a step ahead of the negligent party.
The car accident lawyers of Munley Law Personal Injury Attorneys explain why you should get a lawyer for a car accident that wasn’t your fault.
What Can A Lawyer Do For You in a Car Accident That is Not Your Fault? […]
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Pottsville Truck Accident Lawyer
Pottsville sees significant truck traffic every day due to its role as a hub for major distribution centers for companies like Wegmans, Walmart, Michaels, and Big Lots. Thousands of tractor-trailers travel Pennsylvania’s highways and local roads, many of which weren’t designed to handle the stress of such heavy vehicles. Unfortunately, this increased truck traffic raises the risk of serious accidents, leaving victims with devastating injuries and mounting expenses.
If you’ve been injured in a Pottsville truck accident, you need an experienced legal team to handle the complexities of truck accident law and fight for the compensation you deserve. At Munley Law Personal Injury Attorneys, our Pennsylvania truck accident lawyers have the knowledge, resources, and track record to take on even the most challenging cases.
Contact Munley Law today for a free consultation and let us help you get the justice and compensation you’re entitled to. […]
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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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