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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Where Do Most Pedestrian Accidents Occur in Philadelphia, PA?
Pedestrian and vehicle accidents can happen for many reasons. Roads in Philadelphia County are old, and some, such as North Broad Street, can encourage drivers to ignore posted speed limit signs and exceed safe driving speeds. Some streets have curves and bends, making it difficult to see pedestrians in an intersection if a driver is distracted.
A pedestrian accident can happen in any town or city. However, in a city of neighborhoods full of shops, bars, and restaurants like Philly, pedestrians and vehicles can often be at odds. A pedestrian accident can leave victims with serious injuries, even fatalities, and in Philadelphia, these types of accidents are on the rise.
According to a study by the Bicycle Coalition of Greater Philadelphia, the city saw 143 fatal pedestrian accidents in 2020, 29 of which were hit-and-run incidents.
Pedestrian and vehicle accidents can happen for many reasons. […]
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Stroudsburg Catastrophic Injury Lawyer
If you have experienced a catastrophic injury, seeking legal representation from a Stroudsburg catastrophic injury lawyer is important. These types of injuries can have devastating physical, emotional, and financial consequences, and it is crucial to have an experienced attorney by your side to advocate for your rights and secure the compensation you deserve.
What is Personal Injury?
Personal injury is a broad term that encompasses many types of injuries and legal cases. A personal injury case involves injury to a person’s body, mind, or emotional well-being. For instance, after a car accident, a victim may have physical injuries, as well as mental or emotional injuries like PTSD, loss of enjoyment of life, and more.
When someone files a personal injury case because of an injury sustained, they are not claiming that the at-fault party necessarily violated a law. […]
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The Impact of Social Media On Personal Injury Cases
If you have suffered or taken any injuries in personal cases, social media can be used effectively to provide evidence of these injuries. Because social media has become a critical part of our daily lives, it allows us to share our thoughts, experiences, and, more importantly, our injuries with a broad audience. In personal injury cases, social media platforms such as Instagram, Twitter, Facebook, TikTok, and even Snapchat can significantly impact the outcome of your lawsuit and future legal proceedings.
One of the most common ways social media is used in personal injury cases is during discovery. Discovery is the process where both parties involved in a lawsuit gather information and evidence from one another to strengthen their case. This commonly includes requesting documents and gathering information from social media accounts and posts.
Insurance companies and defense attorneys will usually search the social media profiles of various plaintiffs to find any evidence that may go against or contradict their claims of injury. […]
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Erie Product Liability Lawyer
As consumers, we purchase goods that are supposed to make our lives easier and better. Unfortunately, when a defective product causes injury, you need to know your financial recovery options. If dangerous products injure you or a loved one, call the Erie product liability lawyers of Munley Law.
For over 60 years, Munley Law has represented injury victims in product liability claims who seek fair compensation for their injuries. Call Munley Law for a no-obligation, free consultation.
What Is a Product Liability Case?
Product liability law allows an injured party to take legal action if they encounter a defective product. Product liability cases are often classified under strict liability, meaning that even if the defendant did not have intent or knowledge of the alleged harm, they can still be held liable.
A product liability claim can fall under one of four categories. […]
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Erie Motorcycle Accident Lawyer
Motorcycle accidents can often result in catastrophic injuries. These vulnerable road users are 28 times more likely to be killed in a motor vehicle accident compared to other drivers and four times as likely to sustain an injury. Due to the size of a motorcycle compared to a standard passenger vehicle, these accidents often result in severe injuries, hefty medical bills, and mental anguish for the rider and their family. An Erie motorcycle accident lawyer will be needed to help you regain compensation for your injuries.
Motorcycle accident victims need protection. This is where Munley Law comes in. For decades, we have represented victims and their families in the most complex personal injury claims. Let us do the same for you. Call today to speak with one of our Erie motorcycle accident lawyers.
What Are the Common Motorcycle Accident Injuries?
Due to the size and weight differences of most cars and trucks on the roadways compared to a motorcycle, […]
