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.
More information about Insurance
Pittsburgh Fatal Truck Accident Lawyer
If You Lost a Loved One in a Truck Accident in Pittsburgh, Munley Law Personal Injury Attorneys is Here For Your Family.
Accidents are a devastating reality of the road. But when a truck is involved in an accident, the likelihood of fatalities and severe consequences is substantially higher. If you lost a loved one in a truck accident, our Pittsburgh fatal truck accident lawyers are deeply and immeasurably sorry for your loss. We know you must be experiencing unfathomable pain, and that you want to achieve justice for this terrible wrong.
At Munley Law Personal Injury Attorneys, our goal is to take on the legal challenges that come with fighting for justice, so that you and your family can focus on emotional recovery. Munley Law Personal Injury Attorneys’s truck accident lawyers in Pittsburgh who have been recognized as the best in the country in truck accident litigation. […]
Read MoreMore information about Insurance
Wrong-Way Driver Accident Lawyer
If you or someone you love has been injured in an accident, an experienced wrong way driver accident lawyer at Munley Law Personal Injury Attorneys is ready to fight for you today. Let our car accident injury lawyers pursue your legal rights so you can focus on healing both physically and emotionally.
Call today at (855) 866-5529 or use our online form to schedule your free consultation.
What do you do if you are driving on a one-way street and suddenly find yourself facing a car driving toward you, in the wrong direction. This is exactly how wrong way driving accidents happen.
Wrong-way accidents almost always cause severe injuries, and often fatal to both the wrong way driver and the other vehicles involved in the wrong way crash. According to the National Transportation Safety Board (NTSB), wrong-way accidents caused between 300 and 400 deaths annually in the U.S. […]
Read MoreMore information about Insurance
Commercial Vehicle Accident Lawyer
Have you or a loved one been injured in a commercial vehicle accident? The truck accident lawyers at Munley Law Personal Injury Attorneys are here to help.
Being involved in any type of accident can be catastrophic to the victim and their family. However, when a commercial vehicle crash leaves you injured and unable to work, resulting in piling medical bills, you need a law firm that can help you recoup your losses and hold the at-fault party accountable.
At Munley Law Personal Injury Attorneys, our personal injury lawyers work with you to recover lost wages, medical bills, property damage, and more. To set up a consultation with our legal team, contact the commercial vehicle accident lawyers at Munley Law Personal Injury Attorneys by calling 855-866-5529 or connecting with us online.
What Is a Commercial Vehicle Accident?
Commercial vehicle accidents are those collisions that involve commercial transport. […]
Read MoreMore information about Insurance
How to Prove Your Truck Crash Case at Trial
Do you know what it takes to prove your truck crash case?
The nation’s #1 tractor-trailer accident lawyers explain how to win your semi-truck collision claim at trial
If there’s one thing we know at Munley Law Personal Injury Attorneys, it’s how to win a truck crash case at trial. When it comes to personal injury law, only a small percentage of attorneys have the experience, resources, and qualifications to handle a truck accident case. Of those attorneys, only an elite few have the courtroom experience to win your truck case at trial. At Munley Law Personal Injury Attorneys, we know how to prove liability and damages in order to get you the compensation you are rightfully owed.
Call today for a free, confidential consultation with one of the nation’s leading truck accident lawyers.
Why bring a truck accident lawsuit to trial
According to the most recent Federal Motor Carrier Safety Administration report, […]
Read MoreMore information about Insurance
How Do Truck Drivers Get Paid?
Truck Accident Attorneys at Munley Law Personal Injury Attorneys explain truck driver pay and job-related hazards
Truck drivers are essential to our economy and should be compensated as such. While truck driving can be a good way to make a living, it is not without risks. Many trucking and transportation companies prioritize safety and the well-being of their workers; however, some companies push their drivers to physical and financial limits, which can have disastrous effects on driver safety. As truck accident attorneys, we represent many truck drivers who have been hurt on the job. A truck accident attorney knows how trucking company practices and safety violations can put truckers at risk. In this article, our truck accident lawyers will outline the various ways truck driver pay is determined, and highlight important links between driver pay and highway safety.
