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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Old Forge Personal Injury Lawyer
If you or a loved one has been injured due to someone else’s negligence in Old Forge, you might be entitled to financial compensation. But where do you even start? Mounting medical bills, lost wages, and the pain of your injury can turn your life upside down. Having to figure out PA personal injury laws and your rights while dealing with these challenges alone can be overwhelming. If you have tragically lost a loved one in an accident, you might be dealing with your grief over the loss and confusion on whether to file a wrongful death claim.
With more than 60 years of experience representing clients in Northeastern Pennsylvania, our firm has a proven history of client victories in NEPA personal injury cases. Call us today to find out how we can help you. […]
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Kutztown Personal Injury Lawyer
Accidents are inevitable, but some result from negligence. While genuine accidents are unforeseeable and unavoidable, negligent injuries occur due to someone’s failure to exercise reasonable care. When someone’s irresponsibility causes harm, victims can seek compensation. A Kutztown personal injury lawyer at Munley Law can help in such cases.
Insurance companies are notorious for lowballing personal injury victims. When you have an experienced Kutztown personal injury lawyer by your side, you can rest assured that your rights will be protected. At Munley Law, our personal injury attorneys offer a free consultation to new clients. You will speak with a seasoned personal injury lawyer who will listen to your story, lay out your legal options, and guide you through the claims process. Call today for your free initial consultation.
How Can a Personal Injury Lawyer Help Me? […]
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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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