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 the Penalty for a Hit and Run in Philadelphia?
If you’re involved in a car accident in Philadelphia, leaving the scene can result in serious penalties, especially if someone is injured in the accident. You could be facing huge fines and potential injuries. Many times, injury victims are confused about what their legal rights are, especially if the driver is never found. Here’s what you need to know about protecting your interests and seeking compensation.
If you were involved in a car accident with a hit and run driver, our Philadelphia car accident lawyers can help Contact Munley Law today to schedule a free consultation.
Legal Obligations After a Philadelphia Car Accident
Pennsylvania law mandates that you must stop your vehicle immediately if you’re involved in an accident. You are required to exchange information with the other parties involved. This typically includes your name, address, and vehicle registration number. For accidents involving injury, […]
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What Is the Average Compensation for a Pedestrian Hit by a Car in Philadelphia?
Philadelphia sees hundreds of pedestrian accidents each year, with Center City and Roosevelt Boulevard being common accident sites. Being hit by a car as a pedestrian is traumatic, and understanding what compensation you might receive can help ease some of your worries. While every case is different, pedestrian accident settlements in Philadelphia typically range from $50,000 to $200,000, with some cases reaching into the millions depending on several factors we’ll explore below.
If you were involved in a pedestrian accident in Philadelphia, Munley Law is here to help. Contact our Philadelphia pedestrian accident lawyers today to learn your legal options and get your questions answered.
What Determines Compensation Amount in a Philadelphia Pedestrian Accident Case?
The size of your settlement depends on multiple factors working together. Medical bills are usually the starting point—everything from ambulance rides and emergency room visits to ongoing physical therapy is counted. […]
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Who Can I Sue After a Ruptured Gas Line Causes an Explosion?
A natural gas explosion can leave victims with severe burns and other such injuries. You may deserve compensation for the cost of medical treatment and related damages if you’ve been injured in such an accident.
However, you might not know how to recover compensation after being injured, perhaps because you don’t know who you can sue when a gas explosion occurs. At Munley Law, our gas explosion attorneys can provide answers about your legal rights. Contact us today for a free consultation.
Potential Parties Liable in Gas Line Explosion Cases
Seeking compensation for medical expenses, lost wages, and other such losses from gas explosion injuries generally involves filing a personal injury claim with the liable party’s insurer. In some cases, compensation can be sought from other liable parties. Potentially liable parties when gas explosion accidents occur include:
- The local gas company
- Property owners and managers, […]
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Who Gets the Money in a Wrongful Death Lawsuit?
If you have recently lost a loved one in a tragic accident, you may be wondering how a wrongful death claim works and who gets the money. Wrongful death settlements are paid to the family members following a victim’s death due to someone else’s negligence. When an immediate family member, like a parent or spouse, dies, there is a huge financial and emotional impact. Wrongful death suits work to provide financial support to those who were dependent on the decedent.
Understanding Wrongful Death Lawsuits
Wrongful death claims are a type of civil lawsuit where a deceased person’s surviving family members can recover damages if their loved one’s death was the result of another person’s wrongful act, neglect, unlawful violence, or negligence. While the most common wrongful death lawsuits are related to car accidents and motorcycle accidents, many other fatal accidents are appropriate for this type of lawsuit, […]
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Is the Driver Always at Fault in a Pedestrian vs Car Accident?
Determining fault in pedestrian-vehicle accidents involves complex factors, as both drivers and pedestrians have specific responsibilities when using roadways. Pennsylvania’s comparative negligence law helps establish liability when both parties may share responsibility for an accident.
Understanding Fault in Pedestrian-Vehicle Accidents
Understanding road rules is critical for both drivers and pedestrians to navigate traffic situations. Drivers must yield right-of-way to pedestrians in crosswalks and be vigilant, especially in heavy traffic areas. Pedestrians must obey traffic signals, cross at designated crosswalks, and remain alert.
Pennsylvania’s Comparative Negligence Law
The law in Pennsylvania follows the approach known as comparative negligence. This means that if the pedestrian and driver are partially at fault in the event of a car accident, the damages recovered in the lawsuit may be reduced depending on the percentage of fault allocated to each. […]
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