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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TRUCK ACCIDENT LAWYERS WHO FIGHT FOR YOU
PERSONAL INJURY CLAIMS FOR TRUCK ACCIDENTS IN PENNSYLVANIA
Our attorneys have decades of experience litigating truck and 18-wheeler accident cases. Our trucking law team includes three attorneys who are board certified by the NBTA in truck accident law and have secured billions in settlements and verdicts for clients, establishing a strong reputation in the field of truck accident law.
Depending on your state’s laws, the statute of limitations to file a personal injury lawsuit is generally two years from the date of the existing truck accident, but you don’t want to wait that long to file a claim.
Don’t let insurance adjusters minimize your suffering or deny you fair compensation. Contact our attorneys immediately following your accident and make your claim. Our trucking accident lawyers will help process your claim and get you the compensation you deserve by law.
GET A FREE CONSULTATION! […]
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Uber Passenger Dies After Driver Crashes Into Tractor Trailer in Philadelphia
An Uber passenger died after her Uber driver crashed into a tractor trailer on December 31 in Philadelphia. According to news reports, the crash happened at Nedro and Ogontz Avenues around 10:45 p.m. when the driver crashed the vehicle into a parked truck. Video footage shows the front passenger side was squeezed partially underneath the tractor-trailer.
Both the Uber driver and the passenger were taken to Jefferson Einstein Hospital where the passenger was pronounced dead at 11:10 p.m.
The Uber driver, who was pregnant, was listed in stable condition.
Police are currently investigating what caused the crash.
Uber Accidents in Philadelphia
Thousands of rideshare-related accidents occur in our state annually, affecting both passengers and drivers across Pennsylvania. According to Uber’s annual safety report, the number of fatalities related to Uber car accidents have been steadily increasing since 2017 — […]
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Philadelphia Uber Accident Lawyer
Philadelphia Uber accident lawyers know rideshare accidents involve complex liability issues and insurance challenges. When you’re hurt in an Uber crash in Philadelphia—whether as a passenger, pedestrian, cyclist, or driver—determining fault and securing compensation requires specific legal expertise.
The Philadelphia Uber accident lawyers at Munley Law have extensive experience handling rideshare cases. Our board-certified trial attorneys have successfully litigated commercial vehicle accidents for decades. We take pride in our proven track record of negotiating fair settlements and winning courtroom verdicts against major companies. If you’ve been injured in an Uber accident, our team has the specialized knowledge to protect your rights and pursue maximum compensation. Contact our Uber accident attorneys today to schedule a free consultation.
Compensation Available to Uber Accident Injury Victims in Philadelphia
After an Uber accident in Philadelphia, the financial impact can be overwhelming. Medical bills pile up while you’re unable to work, […]
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Stroudsburg Car Accident Lawyer
The Stroudsburg car accident lawyers at Munley Law have spent 65 years helping Pocono residents rebuild their lives after devastating car crashes. Our Stroudsburg accident lawyers understand the physical, emotional, and financial challenges you’re facing – and we’re here to shoulder that burden. With decades of experience and a track record of successful outcomes, we fight tirelessly to protect your rights and secure the compensation you deserve.
A serious car accident can turn your life upside down in an instant. Don’t deal with the insurance company on your own. You won’t pay any legal fees unless we win your case. Take the first step toward recovery by scheduling a free consultation with our car accident attorneys in Stroudsburg. Call us, chat online, or complete our contact form today.
The Role of a Car Accident Attorney in Stroudsburg, PA
Hiring a car accident attorney can provide you with expert legal guidance, […]
