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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Most People Will Be Surprised to Hear How Much Money Pennsylvania Personal Injury Lawyers Can Get For a Bus Crash Settlement
Bus Accident Cases are complicated in Pennsylvania – there are many damages you could potentially sue for. Personal injury lawyer explains:
- What damages could you sue for?
- What percentage of bus accident cases do Pennsylvania Personal Injury Lawyers settle?
- What kinds of fees do Personal Injury Lawyers in Pennsylvania charge and when are these fees imposed?
WATCH VIDEO: THE PENNSYLVANIA PERSONAL INJURY LAWYERS AT MUNLEY LAW:
What kinds of damages can Pennsylvania personal injury lawyers recover after your bus crash?
After you or a loved one gets into an accident with a bus or while riding on one, you may be wondering what kinds of damages you could get reimbursed for if your Pennsylvania Personal Injury Lawyers are able to settle your lawsuit for you. […]
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What Pennsylvania Personal Injury Lawyers Will Tell You About Insurance Policies That Big Insurance Companies Don’t Want You to Know About
Pennsylvania Law gives you two options for car accident insurance coverage: your insurance company won’t like one of them. A Personal injury lawyer from Munley Law Personal Injury Attorneys explains:
- What’s the difference between a full tort and limited tort policy?
- How much do personal injury lawyers in Pennsylvania charge you to handle your car accident case?
- Do Personal Injury Lawyers in Pennsylvania charge up-front fees?
WATCH VIDEO: PENNSYLVANIA PERSONAL INJURY LAWYERS TALK ABOUT CAR ACCIDENTS:
Pennsylvania personal injury lawyers will advise you to choose “full tort” on your policy
When trying to get money after you get hurt in a car accident, Pennsylvania law provides two options:
Full Tort
or
Limited Tort
If you choose “Limited Tort” […]
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Pennsylvania Trucking Laws that COULD AFFECT YOUR TRUCK ACCIDENT CASE – Personal Injury Lawyers Explain:
Pennsylvania Trucking Regulations Could Prevent Drivers From Falling Asleep While Driving. Personal Injury lawyers Explain How:
- What are the regulations?
- How much money do personal injury lawyers in Pennsylvania charge to take on your truck accident case?
- Do Personal Injury Lawyers in Pennsylvania bill you by the hour?
WATCH VIDEO: PENNSYLVANIA PERSONAL INJURY LAWYERS TALK ABOUT BIG CAUSE OF TRUCK ACCIDENTS:
Pennsylvania personal injury lawyers: How new trucking regulations may affect your truck accident case
The trucking industry must follow the Federal Motor Carrier Safety Regulations. All trucking companies and their drivers are responsible for knowing these safety regulations. They cannot plead ignorance of the law as an excuse if they fail to comply with these regulations and cause an accident. […]
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Snow and Frigid Temperatures Cause Dangerous Road Conditions in Pennsylvania
Snowy road conditions have already caused hundreds of accidents in Pennsylvania this winter, shutting down highways and resulting in deaths and many injuries. During a sudden heavy storm over the recent holidays, a chain reaction crash involving 35 vehicles closed down a section of the Pennsylvania Turnpike. Several tractor-trailers were mixed in the wreckage, which caused a 4-mile traffic jam. Ten people were taken to area hospitals.
According to a Pennsylvania personal injury lawyer, those same wintry conditions existed when more than 40 vehicles piled up in multiple crashes on I-78, closing the interstate for a time, and resulting in more than 60 injuries. State Police also reported that sudden snow squalls causing numerous accidents resulted in the Northeast Extension of the turnpike being closed on Christmas Eve from Clarks Summit to Allentown. Numerous accidents have also been reported on smaller roadways throughout Pennsylvania.
Advice from Pennsylvania personal injury attorney Julia Munley on what to do if you are in an accident. […]
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Pennsylvania Injury Lawyer tells you the first thing you should do after a work accident
You have just been in an accident at work and now you have some questions for a Pennsylvania injury lawyer. Questions such as:
- What’s the very first thing you should do the moment after the accident happens?
- What can happen to you if you don’t tell your employer about the accident?
- What if you get a disease or illness from work?
- Can you get workers comp for that?
- Do you have to talk to any insurance adjuster?
- What does a Pennsylvania Injury Lawyer advise?
- How long to you have to get a Pennsylvania Injury Lawyer to file a workers comp case for you?
Here are some answers straight from a Pennsylvania Injury Lawyer:
Right after the accident, you need to immediately tell your boss or a supervisor and make sure a written record is made of the incident. […]
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