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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Can I Work While On Workers’ Compensation in Stroudsburg?
Can I Work While Receiving Workers’ Compensation Benefits in Stroudsburg?
The Pennsylvania workers’ compensation system is meant to provide support to workers after they’ve been injured on the job. It will pay all their medical costs and provide wages while the worker recovers from their injuries. In the majority of workplace injury cases, the employee will receive workers’ comp benefits until they are ready to return to work. But not all workers’ comp cases are that straightforward. In some cases, an injured worker who has not fully recovered may go back to work to perform light duty assignments. This individual will continue to have medical bills, so workers’ compensation benefits will still be available to them.
However, is it possible to collect workers’ compensation benefits and work your normal job at the same time? The answer is, yes, under certain circumstances you can work and collect workers’ […]
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What If I am Partly to Blame for the Truck Accident?
Can I Still Receive Compensation if I’m Partially At Fault for a Truck Crash?
If you’ve been involved in a truck accident in Pennsylvania, you may be wondering what your legal options are. One important question that may be on your mind is whether you can still pursue a personal injury claim if you are partly to blame for the accident.
The answer is yes, you can still pursue a claim even if you are found to be partly at fault for the accident. If you have been involved in a truck accident in Pennsylvania and you are partly to blame, it does not mean you cannot pursue a claim. But it is important to speak with an experienced truck accident lawyer at Munley Law to learn what your options are and what compensation you could receive.
What is Comparative and Contributory Negligence? […]
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How to File a Truck Accident Lawsuit
Every time we get in our car, whether we’re going to work, to pick up the kids, to dinner, or anything in between, we expect to arrive safely at our destination. Most of the time, this is exactly what happens. But the devastating truth is that car accidents are a very real risk any time you’re on the road.
While all accidents are terrifying, accidents involving trucks and other commercial motor vehicles are particularly dangerous. A truck accident is likely to cause far more damage and more serious injuries than most other kinds of motor vehicle accidents, given the size and weight of something like a semi-truck. It’s not uncommon for victims to endure something as serious as a traumatic brain injury.
Accidents involving large trucks can be life-changing events for all those involved, and in most cases, the inhabitants of passenger vehicles are the ones who bear the brunt of the damage. […]
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Philadelphia Dog Bite Lawyer
Dog Bite Accident Lawyer in Philadelphia
Being the victim of a dog bite is undoubtedly a terrifying and stressful experience. A Philadelphia dog bite lawyer at Munley Law Personal Injury Attorneys can help.
Many Americans have furry companions; in fact, nearly one third of American homes include a canine family member. But dogs are still animals, and the risk of a bite is always present. A CDC (Center for Disease Control) study estimates that about than 4.7 million dog bites take place in the US each year. Of these, approximately 800,000 require or result in medical care. These are some staggering statistics, and yet, many Americans don’t realize that dog bite victims are eligible for compensation just the same as car accident victims.
When a dog bite accident case goes unreported, the victim waives their ability to claim any kind of monetary compensation for their pain, […]
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How Does an Insurance Company Decide Who Was at Fault for a Scranton Car Accident?
Who Determines Who is At Fault After a Car Accident?
Imagine you are pulling out of a driveway, with your view partially obscured by a snowbank. As you do, another car comes around the corner and hits you. Who’s at fault for the car accident?
The answer may not always be that easy to determine–but answering it may be crucial in deciding who is ultimately responsible for paying for medical expenses and vehicle damage. Answering the question of who is at fault for auto accidents can also change depending on who is answering it, the traffic laws applicable to the situation, or the state in which the auto accident occurs. It can get even more complicated when multiple vehicles are involved.
While police and insurance companies may weigh in with their own assessment of who is at fault in car accidents, […]
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