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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How Long After a Slip and Fall Can You Sue?
Determining When to Sue in a Slip and Fall Case
The state you live in and laws surrounding personal injury and wrongful death ultimately determines how long after a slip and fall you can sue. While state laws take into account the amount of time it takes to file a claim with insurance, partake in negotiations, and in some cases, go to trial, should you miss the statute of limitations, you lose the right to seek legal recourse against the party who owned the property and caused your injury.
Learn more about slip and fall statute of limitations and how Munley Law Personal Injury Attorneys can help get the compensation you deserve for your losses.
Pennsylvania, New York, New Jersey, and Delaware Slip and Fall Statute of Limitations
For more than 60 years, the slip and fall attorneys at Munley Law Personal Injury Attorneys have been representing accident victims across Pennsylvania, […]
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What is the Average Settlement for a Slip and Fall Accident?
Slip and Fall Accident Settlements
Many people who suffer slip and fall accident want to know what the average settlement is, especially if you or a loved one recently suffered a serious injury or even wrongful death. While no two slip and fall accident cases are the same, there is still a lot of information to be gathered from what an “average” slip and fall settlement may yield to victims.
The best way to understand how much your case is worth is by speaking directly to a Munley Law Personal Injury Attorneys slip and fall accident lawyer. At Munley Law Personal Injury Attorneys, we work on a contingency fee basis, which means we don’t get paid unless we win your case. That means it’s free to speak to a lawyer to understand your options and what your an expect. Contact us today.
How Much is the Average Slip and Fall Settlement? […]
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Should I Get a Lawyer for a Slip and Fall?
A Slip and Fall Accident Attorney Can Help
A slip and fall accident occurs when one party is injured when slipping or tripping and falling, usually on another person’s property, due to some sort of hazardous condition. This “hazardous condition” could be any number of things, such as a wet or slippery floor, a faulty handrail, or loose carpeting.
Many people may not realize just how serious the injuries caused by a slip and fall accident can be, for anyone, but particularly people over 65. In fact, 75% of slip and fall accident deaths occur in this age group, and 66% of all injury cases in people over 65 are the result of a fall.
If you have been injured in a slip and fall accident, you may well be entitled to compensation. But simply determining whether you have a case, let alone navigating the legal and insurance systems as you fight for compensation, […]
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Are Slip and Fall Cases Hard to Win in Philadelphia?
Slip and Fall Injuries are Serious and Costly
A slip and fall, or trip and fall, accident is essentially what the name suggests: it’s an accident where a person slips or trips and falls on another individual or business’s property, leading to some degree of injury.
To many adults, the idea of slipping and falling may not seem like much to be concerned about. But in reality, a simple slip and fall incident can cause a great deal of damage, pain, and suffering. The CDC reports that 1 in 5 fall cases results in a serious injury, such as a broken bone or concussion. Moreover, approximately 800,000 people are hospitalized each year for injuries related to falling.
Beyond the physical injuries caused by a fall, the monetary burden can be immense. The CDC reported that in 2015, total medical costs associated with fall injuries in the US amounted to more than $50 billion. […]
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Can You Sue for a Slip and Fall Accident?
Slip & Fall Accidents are More Common Than You Think
A slip and fall accident is, essentially, exactly what the name implies: one party is injured when slipping or tripping and falling, usually on another person’s property, due to some sort of hazardous condition. This hazardous condition could be anything from a faulty handrail to uneven pavement to a slippery surface.
For someone young and healthy, a fall might not sound like much to worry about, but the reality is that the ensuing injuries are often more serious than meets the eye. It’s also a far more common occurrence than you may realize; in fact, more than half a million slip and fall accidents requiring medical care occur in North America each year.
So what can you do if you are injured in a slip and fall accident? Many people may not realize that pursuing legal action is absolutely a possibility. […]
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