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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Can I still pursue a claim if the hit and run driver is never found?
In Pennsylvania, hit and run accidents are an unsettling concern for drivers and pedestrians alike. The prevalence of hit and run accidents makes Pennsylvania residents question the safety of our roads. Every year, numerous individuals become victims of these incidents, and beyond the immediate trauma, they are left grappling with overwhelming emotional distress and mounting financial burdens.
These accidents don’t just leave physical scars; they imprint deep emotional wounds. This is magnified when the victim does not know who the culprit is and cannot bring them to justice. For many, medical bills pile up, wages are lost, and car repairs become an unforeseen expense, creating a spiraling impact on personal finances. As you are going through this storm, an urgent question lingers: Can you still pursue a claim if the at-fault driver remains unidentified?
Legal Perspective on Hit and Runs in Pennsylvania
In Pennsylvania, […]
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Bethlehem Drowsy Driver Accident Lawyer
Get a Free Consultation With a Qualified Bethlehem Auto Accident Attorney
Bethlehem, Pennsylvania, has bustling roads and highways often frequented by busy truckers. Highways like Interstate 78 and Route 22 are key arteries for trucking and passenger vehicle traffic, potentially increasing the likelihood of accidents involving drowsy drivers. When fatigued, truckers and passenger vehicle drivers pose significant risks to road safety. If you find yourself a victim of such a situation, it’s imperative to seek a free consultation with a skilled, drowsy driving attorney who can help navigate the complex legal landscape and potentially assist in obtaining rightful compensation for damages. Our experienced and successful personal injury team at Bethlehem’s Munley Law can help steer your quest to seek the compensation you deserve.
Understanding Drowsy Driving Accidents
Understanding drowsy driving involves recognizing its potential dangers and far-reaching impacts. It’s a condition where a driver, […]
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Bethlehem Hit and Run Accident Lawyers
When you or your loved one are injured in a car or pedestrian accident, the last thing you should worry about is whether the liable driver remains at the scene. Hit and run accidents are unfortunately too common in Bethlehem, and fleeing the scene can amount to a felony hit and run.
Bethlehem is filled with cultural and artistic attractions, including SteelStacks, the National Museum of Industrial History, and the Lehigh & Keystone Valley Model Railroad Museum. Combined with the major highways that surround the Lehigh Valley and the busy roads that cut through, the influx of drivers makes hit and run accidents more likely than ever.
Whether you are driving downtown, parked to visit an attraction, or are a pedestrian, navigating a hit and run accident is challenging.
Munley Law’s Bethlehem hit and run accident lawyers are ready to take on your case. […]
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What Is The Statute of Limitations for a Car Accident in Bethlehem, PA?
If you’ve been in a car accident in Bethlehem, PA, the statute of limitations for a car accident is two years. Knowing your rights and the laws that apply to your case is essential, and a Bethlehem car accident lawyer can advise and guide you through the process. Protect your legal rights and start with a free case review with Munley Law.
Simply put, a statute of limitations is a time limit for filing a legal claim after an accident. If you don’t keep track of the time limit, you might miss out on the chance to seek compensation. Two years may seem straightforward, but it’s not enough to know that. When does the clock start? What about exceptions to the rule? Let’s dig deeper.
Understanding the Statute of Limitations
Regarding car accidents in Bethlehem, […]
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Bethlehem Distracted Driver Accident Lawyer
Bethlehem, Pennsylvania, is a vibrant city with a rich blend of history, culture, and entertainment. It is home to the SteelStacks, a transformed former steel plant that now offers concerts, festivals, and other events. Lehigh University, known for its leading engineering program, houses over 7,000 students within the city limits. With a thriving arts scene, diverse dining options, and beautiful parks, Bethlehem is a vibrant city that attracts new residents and tourists alike.
Interstates 378 and 78 run through the city, creating daily heavy traffic (often with commercial trucks). With bustling highways, over 75,000 residents who commute to and from work, and young Lehigh University drivers, distracted driving can devastate the entire community.
If you or your loved one were injured in a distracted driving accident, call the distracted driving accident lawyers at Munley Law. Our law firm offers a free consultation where an experienced lawyer will listen to your story and walk you through all your legal options. […]
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