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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Is It Worth Getting a Lawyer for a Car Accident in Philadelphia?
Determining When To Speak to a Car Accident Lawyer
Car accident cases can be complicated. From dealing with the insurance companies to determining fault, most car accident victims don’t know where to begin. Car accidents in Philadelphia also have certain dates to meet under Pennsylvania law. If you want to file a car accident claim, you should not delay.
While not all car accidents require the aid of a Philadelphia car accident lawyer, in many car accidents, it is worth seeking legal advice.
Learn more about the situations in which a car accident may require an experienced car accident lawyer.
Questions For Philadelphia Car Accident Lawyers
It is normal after an auto accident to have multiple questions. For starters, what do I do now? […]
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Can Both Parties be At Fault in a Car Accident?
Understanding Shared Fault in Car Accident Cases
When car accidents occur, each driver may be looking to place fault on the other. However, the reality is that both parties can be at fault in a car accident. Depending on the state you live in ultimately determines how your shared level of fault will alter the amount of compensation you can recover from the other driver in a car crash.
If you’re asking yourself “Can both parties be at fault in a car accident?” an experienced car accident attorney can help. These car accident cases can be complicated — from determining the percentage of fault across all the parties involved, to dealing with the other party’s insurance company, as well as medical bills, insurance adjusters, a police report, and more.
If you and another driver share fault in a car crash, […]
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Can You Sue Someone for a Minor Car Accident?
What to Do If You’re In a Minor Car Accident
Maybe it’s a small fender-bender in the grocery store parking lot. Or perhaps a driver misjudged the lane shift and tapped into your car. Sometimes these minor car accidents happen, resulting in minimal damage to your vehicle. While it may just be an inconvenience without injury, you may wonder, can you sue someone for a minor car accident?
The answer is yes — anytime you are involved in a car accident, you have a right to file a claim with your insurance or file a lawsuit against the other driver to recover compensation. The real question is, will your case be successful for a minor car accident?
Every accident can involve both non economic damages and economic damages. So, in some cases, […]
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Scranton Drunk Driving Accident Lawyer
Seeking Justice After Accident with Drunk Driver
A devastating truth of the road is that drunk drivers and drunk driving accidents are an ever-present danger. The state of Pennsylvania saw 3,697 drunk driving fatalities between the years 2009 and 2018. In fact, according to the National Highway Traffic Safety Administration, about a third of car accidents in the US are alcohol-related, and 28 people die from this tragic negligence every day.
If you or a loved one has been injured in a car accident by a drunk driver, it’s in your best interest to seek legal advice and ensure you are receiving the maximum compensation you are owed for your immense suffering. Reach out to a Scranton drunk driving accident lawyer.
Munley Law Personal Injury Attorneys is a Northeastern Pennsylvania law firm with a dedicated Scranton car accident lawyer who can provide the legal advice injured victims will need to traverse this process. […]
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Allentown Workers’ Compensation Death Benefits
Does Workers’ Compensation Pay for Death Benefits?
Under Pennsylvania’s workers’ comp laws, a deceased workers’ family member can file a claim when an employee dies while on the job, so long as workplace injuries or death happened on the job. Unfortunately, employers and insurance companies may deny workers’ compensation death benefits to the surviving family members, even though the injured workers’ claims are valid. When this happens, an Allentown workers’ compensation attorney can help your family receive the compensation you deserve.
How Much Compensation Can a Family Receive After a Worker Dies?
The compensation a family can receive following a worker’s death is calculated as a percentage of the deceased worker’s weekly salary. There is a weekly maximum on death benefits set by Pennsylvania law based on the state’s average salary.
In Pennsylvania, roughly 85 employees died in 2021 as a result of work-related accidents. […]
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