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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Bethlehem Car Accident Lawyer
Car accidents in Bethlehem, PA, often result in serious personal injury, loss of income, or even death. Many collisions in the State of Pennsylvania are avoidable: drivers who should be careful on the road become negligent and engage in reckless or potentially dangerous behaviors while driving.
Sometimes, these car accidents involve other road users such as pedestrians, cyclists, bikers, and trucks. If you have been in an accident and sustained serious injuries, you need all the help you can get. The cost of medical treatment alone can be pretty overwhelming for the average car accident victim – not to mention the injured person’s inability to earn a living while recovering. From there, there’s the added problem of battling the insurance companies to secure your compensation.
The car accident lawyers at Munley Law Personal Injury Attorneys can help you or your loved one recover compensation for the injuries sustained in a Bethlehem, […]
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Going on a Labor Day Road Trip?
Considered the season’s last hurrah before autumn sets in, the Labor Day long weekend is almost here. It’s the perfect time to get one last taste of summer. Americans will be hitting the road in great numbers. Now, that some of the COVID-19 restrictions have eased in our area, people are looking forward to reconnecting with family and friends they haven’t seen in a while. According to Travel Agent Central, 72 percent of traveling Americans prefer to to drive this year.
Labor Day is the 5th Deadliest Holiday
Unfortunately holidays also see an uptick in car crashes resulting in serious injury and death. Almost 400 people died last year in car accidents during the Labor Day holiday period. The car has the highest fatality rate per passenger of any major form of transportation. There are over 45,000 injuries that require medical attention from car crashes during the holiday period. […]
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Who is to blame? Potential defendants in a truck case
In a truck accident case, who can be held responsible?
If you were hurt in an accident that involved a semi-truck, tractor-trailer, dump truck, big rig, garbage truck, or another large commercial vehicle, you may be wondering whether you can file a lawsuit and who you should sue.
To determine exactly which parties are appropriate to name as defendants in your case, you should consult with an experienced truck accident lawyer about the specific details of your accident and injuries. A lawyer will examine the facts of your case and identify all possible sources of recovery – including some you might not be aware of.
The following are common defendants for claims involving catastrophic truck accidents:
- Truck Drivers – If a truck driver was at fault for the accident that caused your injuries, […]
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Truck Accidents and Expert Witnesses
Expert Witnesses in Truck Accident Cases: FAQ
When you have a personal injury case involving a commercial truck, the stakes are high. Truck accident cases depend on highly specialized information including industry regulations, truck mechanics, and the long-term medical and economic impacts of your crash. To build a winning case, you will need the testimony of reliable witnesses, so it is essential that you have a lawyer who can bring in the right witnesses.
Who May Testify in Court As a Witness?
Not everyone has the right to come to court and testify in a truck accident case. In order to take the stand and answer questions before a jury during a live court proceeding, a person must qualify to give testimony as a fact witness or an expert witness.
As their name suggests, fact witnesses may testify about events that they observed firsthand. […]
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How long does it take to resolve a personal injury case?
How Long Does It Take to Resolve a Personal Injury Claim?
One of the most common questions that our clients ask is: how long it will take to settle my personal injury case? Unfortunately, no lawyer can answer that question for certain because every case is different and it can take time to reach the best outcome possible (if you encounter a lawyer who claims to be able to resolve your case in a fixed time period, that may be a red flag). And of course, if the insurance company refuses to offer an acceptable settlement, your case may go to trial which will extend the timeline a bit further.
To help you understand what to expect in a personal injury case, our experienced personal injury litigation team at Munley Law Personal Injury Attorneys explain the timeline of a typical case and the factors that can impact your recovery. […]
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