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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Traumatic Brain Injury After a Car Accident
Traumatic brain injury (TBI) resulting from a motor vehicle accident can cause severe damage to the brain during a collision. The force of the impact may cause the brain to move violently within the skull, leading to injuries that range from mild concussions to severe injuries with permanent damage. Medical care is essential after such traumatic injuries to prevent further complications. Patients recovering from TBIs often face cognitive impairments, emotional instability, and depression, along with physical symptoms like loss of balance and double vision. Medical professionals emphasize that untreated TBIs can escalate into more serious conditions, such as secondary brain injury, where the brain experiences further damage in the hours to days following the initial impact.
Head-On Collisions: The Leading Cause of Traumatic Brain Injuries
In head-on collisions, where the front of a vehicle strikes another object or car, the force of the impact can lead to severe head injury. […]
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How Long After a Car Accident Can You Sue in Pennsylvania?
In Pennsylvania, you generally have two years to file a lawsuit if you’re involved in a car accident and considering seeking damages. This means that after two years, you may lose the right to sue for your car accident case, so acting
within this period is essential to make sure your case is heard.
At Munley Law Personal Injury Attorneys, we specialize in personal injury cases, including those resulting from car accidents. Our seasoned car accident attorneys are adept at handling these tough cases and work hard to get you the compensation and justice you deserve.
Munley Law provides comprehensive support, guiding you through every step of the legal process to make it more understandable and less overwhelming. Our expertise and dedication help accident victims confidently face the legal system, ensuring their rights are protected, and their voices are heard.
What Is the Statute of Limitations on Car Accident Lawsuits in Pennsylvania? […]
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How Long Does an Insurance Company Have to Settle a Car Accident Claim in PA?
Under the law, your insurance company has a time limit of 15 days to notify you if your claim has been accepted or
rejected upon filing. The average time to respond is usually within a few days. However, your insurance provider can request additional investigation time if you have questions regarding your claim or submitted incomplete insurance forms.
Insurance coverage can quickly become a mess when understanding what’s covered and what’s not. With the help of a Pennsylvania car accident lawyer from Munley Law, you can rest easy knowing your legal claim is handled with the care and dedication it requires.
How Do Car Accident Settlements Work?
You must take a few steps to begin a car accident settlement in Pennsylvania. The first is to seek medical treatment following your accident. You’ll also need to file a police report if officers were not called to the accident scene and submit the accident to your insurance provider. […]
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An Insurance Adjuster Calls After Your Car Accident. What Should You Do?
How to Interact with Insurance Adjusters After a Car Accident
If you or a loved one have been in a car accident, your main focus should be on caring for and recuperating from injuries and the trauma that has been endured. Insurance claim adjusters often prey upon victims’ vulnerability by trying to negotiate early settlements, and by getting the injury victim to make statements that can infringe upon how much you are truly entitled to. At this time, thinking about recovering compensation from insurance companies may seem stressful and the last thing that you want to worry about; a car accident lawyer can alleviate these stresses. You need an experienced car accident lawyer that has a proven track record.
For over 60 years, the award-winning personal injury lawyers at Munley Law have fought for the rights of accident victims throughout Pennsylvania. […]
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What Age Group Causes the Most Car Crashes?
Drivers aged 16 to 19 in the United States cause the most car crashes. These young drivers have the highest crash risk among all age groups. Despite being less experienced drivers, they often engage in risky driving behavior like speeding and distracted driving. Having teen passengers in the car can increase the likelihood of fatal teen crashes. Accident lawyers usually deal with cases involving young drivers who were not paying attention or driving recklessly, leading to serious accidents. Licensed drivers in this age group are more likely to be involved in motor vehicle accidents than older, more experienced drivers.
Fatal crashes are prevalent among teen drivers. The death rate for drivers ages 16 to 19 is higher than any other age group. Many factors contribute to this high rate, including their lack of experience and propensity for risky driving behavior. Distracted driving, whether due to mobile phones or other distractions, […]
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