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 Is an Aggravation of a Preexisting Condition or Injury?
You may be eligible for compensation if you were injured on the job or in an accident resulting from the negligence of another party. You can seek compensation by filing an insurance claim or lawsuit.
However, your case may be uniquely complex if you have a preexisting condition. Along with compensation for any new injuries you may have sustained, you may also deserve compensation for the aggravation of a preexisting condition. Proving you deserve this compensation could be challenging, though.
Understanding Aggravation of a Preexisting Condition
What is an aggravation of a preexisting condition or injury? In a legal context, aggravation of a preexisting condition means that the condition was made permanently worse. This differs from exacerbation. When someone sustains an exacerbated injury, their previous injury temporarily worsens. However, said preexisting injury is likely to return to its previous state over time. […]
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Average Settlement for a Pedestrian Hit By a Car
Pedestrians are often far more vulnerable than motorists when navigating busy cities and towns. In a car, a motorist or passenger is surrounded by a steel frame that absorbs the shock of impact during a collision. A pedestrian is not afforded nearly the same degree of protection.
You may deserve compensation if you’ve been harmed in a pedestrian accident you believe resulted from the negligence of another party. Although settlement amounts can be substantial in these cases, as injuries in a pedestrian accident are often serious, the “average” settlement after a pedestrian accident varies widely. Factors like whether a victim has proper representation can play a significant role in the outcome of a case.
Still struggling with the physical and emotional aftermath of being struck by a vehicle, wondering if legal action is your next step? At Munley Law, our pedestrian accident attorneys have guided countless pedestrians through this exact situation, […]
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Philadelphia Personal Injury Lawyer
Since 1959, injured victims in Philadelphia have trusted the Philadelphia personal injury attorneys at Munley Law to recover compensation for their injuries following an accident case. Our board-certified personal injury lawyers have helped thousands throughout Philadelphia, achieving multi-million dollar settlements for our clients. If you or someone you love suffered an injury due to someone else’s negligence, our personal injury lawyers in Philadelphia, PA, can help you and your family get the justice, and the compensation you need.
Contact our Philadelphia accident attorney today to schedule a free consultation.
We do not get paid unless we win your case.
Types of Personal Injury Cases We Handle in Philadelphia, PA
Our personal injury attorneys handle all types of accident cases in Philadelphia. Our legal team comprises:
Philadelphia Truck Accident Lawyers
Few Philadelphia personal injury law firms have the experience and in-depth knowledge to handle commercial truck cases. […]
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Where Do Pedestrians Get Hit the Most?
Where do pedestrians get hit the most and who is liable for their injuries or deaths? At Munley Law Personal Injury Attorneys, we represent personal injury victims and their families who have been injured as a result of someone else’s negligence.
If you were a pedestrian who was hit in a car accident, contact the compassionate pedestrian accident attorneys at Munley Law for a free case evaluation.
Where Are Pedestrian Accidents Most Likely to Occur?
According to the Centers for Disease Control and Prevention (CDC), one in six people who died in car accidents in 2020 were pedestrians; this equates to more than 7,000 pedestrians killed in collisions in the year alone.
Of reporting pedestrian accidents, the CDC finds that pedestrians get hit the most in urban areas, on roadways away from intersections where drivers travel at higher speeds, […]
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Common Pedestrian Accident Injuries
Pedestrian accidents can lead to devastating injuries due to the inherent vulnerability of individuals on foot. Unlike occupants of motor vehicles, pedestrians have little protection against the force of an impact, often resulting in severe trauma. Understanding the common injuries sustained in these accidents is necessary for victims seeking compensation and support. The consequences can be life-altering, affecting not only physical health but also emotional well-being and quality of life.
Critical Injuries in Pedestrian Accidents
Pedestrian accidents can result in catastrophic injuries, including Traumatic Brain Injuries (TBI), spinal cord damage, internal organ injuries, and severe fractures and crush injuries. TBIs can cause long-term cognitive impairment, memory loss, and emotional disturbances, requiring extensive rehabilitation. Spinal cord damage can lead to partial or complete paralysis, requiring lifelong care and adaptations. […]
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