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 Average Time for a Car Accident Settlement?
How Long Does a Car Accident Settlement Take?
After a car crash, you want to put it behind you, including the settlement. You may be asking “What is the average time for a car accident settlement?” However, every car accident is different, which is why there is no average time for a car accident settlement. Especially when you’re waiting for an insurance company to pay up.
The timeline for an auto accident settlement process depends on the facts of the case, the insurance companies included, and the severity of your injuries.
Typically, the settlement process can take weeks to months, and in some severe cases, years. Don’t go it alone. A car accident attorney can help you through the process.
Remember, a settlement and a lawsuit are two different things. A fair settlement is reached before a court case or even during one. […]
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West Chester Personal Injury Lawyer
If you’ve been hurt in a car accident, medical malpractice, workplace injury, or other traumatic event due to someone
else’s negligence, you are entitled to compensation for your losses. Munley Law’s West Chester personal injury lawyers have represented injury victims for over 60 years, striving for the best results for our clients.
We take on the insurance company when settlement negotiations are not going your way, and we fight diligently in court should your case go to trial.
Call the West Chester personal injury law firm of Munley Law today for a free consultation with no obligation.
Why You Need a Personal Injury Attorney in West Chester
Contact a West Chester personal injury attorney for the best legal advice if you’ve been hurt in the Philadelphia Metropolitan area. By working with a local law office, you can rest easy knowing they have extensive experience with local law enforcement and personal injury law. […]
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What Is the Most Common Type of Accident?
The unfortunate reality is many drivers will find themselves exchanging insurance information with another driver after a car accident at some point in their lifetime.
While the specifics of each car accident are unique, there are a handful of common types accidents, many of which can cause injuries to passengers and those behind the wheel. Most common type includes head-on collisions, side impact collisions, sideswipe crashes, and more. Most common types occur because drivers are going over the speed limit, aren’t paying attention, or generally aren’t following the rules of the road.
According to the Association for Safe International Road Travel, more than 38,000 die in a car accident each year in the US alone. Thankfully, most car accidents are not nearly so tragic. In 2016, there were more than 6 million police-reported car accidents in the country, […]
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What Happens If You Are a Passenger in a Car Accident?
Passengers in Car Accidents Entitled to Compensation
Accidents happen every day, and often, it’s the passengers involved who experience some of the most devastating consequences. Whether those consequences include medical complications or psychological harm, the passenger in an accident is absolutely entitled to compensation.
If you were a passenger in a car accident and obtained an injury of any kind, you should be sure to pursue your rights to fair compensation. Whether it’s a personal injury claim, an insurance claim, or both, an accident lawyer can help if you were the passenger in a car crash.
If you need legal assistance, do not hesitate to reach out to one of our dedicated and highly experienced car accident lawyers at Munley Law Personal Injury Attorneys.
When to Pursue Legal Action in a Car Accident
A common mistake many passengers injured in a car crash make is not wanting to pursue a personal injury claim or any legal action for fear of causing harm or negative implications for the driver. […]
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Reading Nursing Home Abuse Lawyer
A Reading nursing home abuse lawyer provides essential legal support for victims of mistreatment in long-term care facilities. These attorneys specialize in protecting the rights of elderly and vulnerable residents who have suffered neglect, physical abuse, or emotional trauma. When families place their trust in nursing homes, they expect professional care and respect for their loved ones. However, when that trust is broken, the consequences can be severe. By choosing to work with a Reading nursing home abuse lawyer, families take a stand not just for their loved ones, but for the safety and well-being of all nursing home residents in our community.
If you suspect your loved one is the victim of nursing home abuse in Reading, PA, don’t wait. Contact a nursing home abuse attorney at Muney Law today for a free consultation.
The Rights of Nursing Home Residents in Reading, PA
When someone enters a nursing home, […]
