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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Erie Drunk Driving Accident Lawyer
Drunk driving remains a leading cause of death for traffic-related incidents. Yet, every year, thousands of drivers will get behind the wheel, intoxicated, ruining the lives of others. In Erie, drunk driving results in roughly 1,000 arrests each year. If you or a loved one were involved in an accident with an intoxicated driver, call the Erie drunk driving accident lawyers of Munley Law.
Can I File a Personal Injury Lawsuit Against a Drunk Driver in Erie?
Suppose you were injured in a car accident involving a drunk driver. In that case, you can file a personal injury claim to recover compensation for your property damage and injuries.
Under Pennsylvania law, a drunk driver can be charged twice for driving under the influence– in a civil and a criminal case.
In most cases, police will arrest the drunk driver, and then an investigation occurs. […]
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Who is Usually At Fault in a Bicycle Accident in Philadelphia?
Cycling can be a fun and eco-friendly way to get around Philadelphia, but it has risks. Unfortunately, bike accidents are all too common in the city, and determining who is at fault can be complex and often contentious. You will need the help of a Philadelphia bicycle accident lawyer to ensure you receive compensation for your injuries.
While each case is unique, certain factors tend to influence the determination of fault in a bicycle accident.
Who is Liable for Bicycle Accidents in Philadelphia?
Who is Liable for Bicycle Accidents in Philadelphia?Liability is the legal responsibility for an action or event that causes harm or damage. In other words, the obligation is to make things right or compensate for any loss or harm caused. In the context of personal injury or accidents, liability refers to who is responsible for the damages, injuries, or financial losses resulting from the incident. […]
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If I Was Injured By a Lyft Driver in Easton, What Should I Do?
If a Lyft driver in Easton injured you, you first need to check for injuries, call 911, and seek medical assistance immediately; then, contact an Easton Lyft accident lawyer to protect your rights and start the claims process.
Don’t handle the claim on your own. Contact Munley Law for a free consultation.
What Should I Do if I Get Hit by a Lyft Driver?
Rideshare companies like Lyft are a great way to navigate a new city, get to medical appointments, reach a destination, and safely return home after a night out in the Lehigh Valley. Still, accidents can happen anywhere to anyone—including Lyft drivers.
Whether you were a passenger in a Lyft vehicle or involved in a pedestrian, bike, or other vehicle accident involving a Lyft driver, you might have questions about what to do next.
Being in any car accident can be a traumatic experience. […]
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What Steps Should I Take After a Truck Crash in Easton, PA?
Suppose you have been in a truck crash. In that case, there are steps you should take immediately following the truck accident and in the days and hours after, such as exchanging information, seeking medical attention, and notifying your insurance company. The most important step is contacting an Easton truck accident lawyer immediately to start the claims process.
If you were involved in a truck accident in Easton or anywhere in the Lehigh Valley, our Easton truck accident attorneys are here to help. Contact Munley Law to schedule a free consultation.
What Should I Do After a Truck Accident?
Right after a truck accident in Easton, Pennsylvania, your first steps should be collecting evidence, getting medical attention for your injuries, and consulting a truck accident attorney. A step-by-step process is as follows:
- Check for Injuries: Check yourself, passengers, and others involved in the accident for injuries. […]
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Erie Pedestrian Accident Lawyer
Pedestrian accidents can be harrowing. When a vehicle collides with an unprotected pedestrian, the pedestrian is at a higher risk of serious injury. Common injuries from these accidents include broken bones, spinal cord injuries, and, in the worst of cases, even wrongful death. If you or a family member has endured an accident of this nature, or if you’ve experienced the absolute tragedy of having a family member killed in a pedestrian accident, it’s important to remember that you have rights. Working with an experienced Erie pedestrian accident lawyer who can assist you in seeking compensation and holding the at-fault party (or at-fault parties) responsible is almost always your best path forward.
Should I Hire a Pedestrian Accident Attorney in Erie, PA?
If you or a loved one has sustained pedestrian accident injuries, you may be wondering whether you need to work with a lawyer. […]
