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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Do Truck Drivers Really Watch TV While They Are Driving?
Understanding why truck drivers get distracted can help us tackle the issue and promote safer driving in the trucking industry. Distractions often come from long hours on the road, the repetitive nature of driving, and the ease of accessing technology. These factors put the driver and everyone else sharing the road in danger.
Reasons Behind Distracted Driving Among Truck Drivers
Truck drivers often spend long hours behind the steering wheel, covering hundreds of miles each day. This can lead to monotonous conditions, particularly at night or when driving through remote areas with little variation in scenery. The mental fatigue of a trucking job can be extreme, and from these extended hours, some truck drivers seek out distractions to break up the monotony.
Hours of service regulations are designed to limit the time a truck driver can spend on the road without rest, reducing the hazard of fatigued driving. […]
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How Many Truck Accidents Are There in a Year?
According to the Federal Motor Carrier Safety Administration, there are approximately 500,000 truck accidents in the United States each year. This substantial number of accidents underscores the critical importance of understanding the factors contributing to truck crashes and the measures needed to enhance road safety for all users.
Trucks are a common sight on US roadways. Commercial vehicles alone make up a significant portion. The trucking industry has a duty of care in transporting billions of tons of freight each year, a major part of the US economy. Over 3.5 million American truck driversare employed in the United States, and trucks make up 5% of all registered vehicles in the US. If that does not sound high to you, consider how heavy trucks are. A big rig with a tractor-trailer may weigh up to 80,000 pounds, while the average car weighs less than 10,000. […]
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Uber Insurance Claims: How Do They Work in Philadelphia?
Philadelphia’s streets are constantly busy, with more people opting for rideshare services like Uber. As Uber rides become more common, so do the accidents that come with them. If you’ve been involved in an Uber accident in Philadelphia, you know how overwhelming it can be to handle injuries, medical bills, lost wages, and other damages.
Your rideshare insurance claim is vital to securing compensation, not just for your pain and suffering, but also for the financial burdens like medical expenses and time missed from work. Getting timely relief is essential when your life is turned upside down by an Uber accident. An experienced lawyer can help you handle the challenges of rideshare claims and insurance. Contact our Philadelphia Uber accident lawyers at Munley Law for a free consultation. It’s a risk-free opportunity to discuss your case and understand your options.
Understanding Uber’s Insurance Policy
Insurance policies, […]
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Common Types of Truck Accident Cases
A collision with a large commercial truck can be one of the most devastating and serious accidents a motorist can be involved in. There are many types of truck accidents but they have one thing in common: They can all have long-lasting effects on truck accident victims. If you were involved in a car accident with a commercial truck, you will need an experienced truck accident lawyer at Munley Law for your personal injury.
Don’t wait. Contact a truck accident attorney today for a free consultation.
What Are the Common Types of Trucking Accidents?
A truck accident refers to any collision or incident involving a commercial truck, such as a semi-truck, tractor-trailer, or other large freight carrier. These accidents can involve a variety of scenarios, including collisions with other vehicles, pedestrians, or fixed objects, as well as rollovers, jackknifes, and other types of incidents. […]
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Kentucky Truck Accident Lawyer
Kentucky’s roads are no stranger to long-haul trucking. Major interstates like I-64, I-65, I-71, I-75, and I-24 connect
essential cities and states and see much trucking activity. Highways and parkways like the Bluegrass Parkway, Western Kentucky Parkway, and Cumberland Parkway are also well-traveled for regional logistics.
With so many trucks on the road, accidents are bound to happen. Because of all the details involved with commercial vehicle accidents, getting fair compensation can be complicated if you or a loved one is injured in a truck accident in Kentucky.
Building a solid case involves thorough investigation, understanding trucking regulations, and sometimes recreating the accident scene. Insurance companies often try to settle for as little as possible, so knowing your rights is essential. This is where the expertise of a personal injury lawyer specializing in truck accidents comes into play.
About Our Truck Accident Law Firm
At Munley Law, […]
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