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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What to Do After a Pennsylvania Truck Accident
Know the steps to get the care and compensation that you are entitled to
Pennsylvania roads are experiencing the return of routine work and school commuting schedules. The pandemic has demanded more remote buying, and a need to employ more truck drivers to meet the demand. With this increase in volume, truck accidents have escalated in the past few years. The emotional, physical, and financial traumas that truck accidents and car accidents arouse can seem overwhelming, to say the least. During this trying time, it is hard to know what to do, in what order, and how to create the best outcome.
If you or a loved one were involved in a truck accident in Pennsylvania, Munley Law Personal Injury Attorneys is your best advocate. With more than 60 years of experience, Munley Law Personal Injury Attorneys’s nationally recognized truck accident attorneys aggressively pursue the justice and compensation that you and your family deserve. […]
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What Damages Can I Recover in a Truck Accident Claim?
A truck accident can change your life. There are the obvious consequences: your vehicle might be totaled. Your injuries leave you in pain, facing a lengthy recovery, and unable to work. You might have PTSD or severe mental anguish in the wake of your accident. Then there are the financial consequences. Many accident victims and their families are not prepared for the astronomical costs they face after being in a truck accident. The accident wasn’t your fault, so you shouldn’t be left with the bill. Unfortunately, you are unlikely to receive full, fair compensation from the at-fault parties without the help of a truck accident lawyer.
A truck accident lawsuit is often the only path to justice for accident victims. While a truck accident lawsuit cannot reverse the damage that has been done, it can provide you with the resources you need to rebuild your life and protect you from financial struggles. […]
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What to Do If a Truck Leaves the Scene of a Crash?
What Can You Do if a Truck Driver Leaves the Scene of an Accident?
Becoming a victim of a hit and run crash with a truck is a traumatic experience. Truck crashes are increasing in frequency and truck drivers who are “at fault” are more often guilty of leaving the scene of an accident than in the past.
Leaving the scene of an accident isn’t a wise decision. It is a crime that normally results in a more serious penalty than those normally imposed for causing an accident. A driver who flees an accident scene may lose his or her license and/or receive a prison sentence.
Yet many drivers, in the heat of the moment, flee for a variety of reasons. Sometimes they may leave an accident site unintentionally, unaware they caused damage or injury.
Victims of hit-and-run truck accidents often suffer serious, […]
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What Percentage of Truck Accidents are Caused by Cars?
What Happens When a Car Driver is Responsible for a Truck Accident?
Truck drivers are the heart of America’s infrastructure. In 2020, 10.23 billion tons of freight was transported by trucks in the United States. Food, construction materials, raw materials for U.S. manufacturers, and every vital retail goods sold and shipped in the U.S. relies on big rigs. More than 72 percent of transported items in this country are moved by trucks. The U.S. economy is driven by large trucks. But what happens if you are a truck driver involved in a large truck crash and you are not at fault?
At Munley Law Personal Injury Attorneys, we know picking up the pieces after a truck accident can feel like an insurmountable task. If you or a loved one becomes a victim of a truck accident caused by a passenger vehicle or other motorist, […]
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Pittsburgh Semi Truck Accident Lawyer
If You Get Into an Accident With a Semi Truck in Pittsburgh, Munley Law Personal Injury Attorneys is Here to Help.
An accident with a semi truck can result in major injuries and extensive damage. It can turn your whole world upside in an instant. After the accident, you will be facing large medical bills and lost income. In many cases, a catastrophic semi truck accident can claim the life of someone you love. If you get into a semi truck accident in Pittsburgh, you will need an experienced semi truck accident lawyer from Munley Law Personal Injury Attorneys to help you with your claim.
It is true, the vast majority of commercial semi-truck accident cases settle out of court. The main goal of the insurers representing trucking companies is to limit their liability and minimize the payout. Out-of-court settlements may be faster and easier, […]
