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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Are Highways Safer Than Regular Roads?
Believe it or not, highways are generally safer than regular roads. While traffic accidents can happen anywhere, statistics show that highways have a lower rate of fatal accidents and injury crashes compared to local and arterial roads. In this article, we’ll go over the factors that contribute to highway safety, including the limited access points, speed limits, and physical barriers on highways.
If you have any more questions regarding highway safety, or if you have been involved in a highway accident, call the Munley Law personal injury lawyers. Our accident lawyers offer a free consultation where we will answer your questions and discuss your legal options.
Crash Fatality Statistics: Highways vs. Local and Arterial Roads
According to a 2022 report from the Insurance Institute for Highway Safety (IIHS), crash deaths in rural areas were less likely to occur on rural highways, […]
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Does Driving Slow Cause More Car Accidents?
When an accident occurs, we often think of aggressive drivers or motorists traveling at excessive speeds. But what many don’t realize is that slow drivers can also cause car accidents by disrupting the flow of traffic.
If high or slow speeds were the cause of your motor vehicle accident, Munley Law can help you through the legal process.
Why Slow Driving Can Be Dangerous
Pennsylvania law, mandates that drivers adhere to posted speed limits. The state’s minimum speed limit regulations require motorists to maintain speeds that do not impede the “normal and reasonable movement of traffic.” Nevertheless, reduced speeds are permissible when safety is a concern.
On single-lane roadways where passing is impossible, slow-moving vehicles are required to pull over to the brim or shoulder to allow others to pass.
With these regulations in place, drivers must understand that safety is a concern when slow drivers are on the roadways, […]
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Is Lane Splitting Legal in Pennsylvania?
Have you ever been driving through a congested area and noticed a motorcyclist weaving in and out of traffic? While many motorcyclists think lane splitting should be common practice, it is currently illegal under Pennsylvania law.
If you are involved in a motorcycle accident and have been lane splitting, or hit a motorcyclist due to lane splitting, it can impact your personal injury claim.
What Is Lane Splitting?
Lane splitting, also known as white lining, occurs when a motorcyclist drives between two rows or lanes of traffic. Most commonly, riders split lanes when traffic is moving slowly or at a standstill. Lane splitting can occur on any type of road, including highways or rural roads.
Lane splitting is not the only traffic maneuver you may see a biker make. Other practices include:
- Lane filtering: The rider moves between stopped traffic or slow-moving traffic
- Lane sharing: Multiple motorcyclists share the same lane and ride beside each other in a close formation
- Shoulder surfing: When a rider drives on the shoulder of the road
A University of California, […]
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Harrisburg Personal Injury Lawyer
If you’re in Harrisburg and need a personal injury lawyer, you’re looking for someone to help you get back on your feet
after a Central Pennsylvania accident. Experienced personal injury lawyers in Harrisburg are dedicated accident attorneys who support you during tough times, ensuring you receive the care and maximum compensation you deserve.
Why Should I Hire a Harrisburg Personal Injury Lawyer?
Hiring Harrisburg personal injury attorneys can make a big difference in how your case is handled and the outcome you achieve. A Dauphin County lawyer understands the community and has experience dealing with local insurance companies and courts. They can handle the legal system efficiently, gather evidence, negotiate with insurance adjusters, and advocate for your best interests.
By hiring a Harrisburg personal injury lawyer, you can increase your chances of receiving fair compensation for medical bills, lost wages, and other injury-related costs. […]
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Why Do Semi-Trucks Have Spikes on Their Wheels?
While driving down the highway, you may notice the semi-trucks beside you have what looks like spikes coming off their tire rims. But what purpose do those spike studs hold, and what happens if you get into an accident with a truck driver and those spikes cause damage?
Munley Law explains the purpose of these lug nut covers and your rights in semi-truck accidents.
What Are Wheel Spikes on Semi Trucks?
Spikes on the wheels of semi-trucks are lug nut covers. They are meant to protect lug nuts from debris and corrosion over time but also have aesthetic appeal.
While wheel spikes look intimidating, they are often made of weaker metals like aluminum alloys and even sometimes plastic. So, if your vehicle came into contact with one, the worst that would happen is a few scratches on your car. […]
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