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.
More information about Insurance
What Kind of Compensation Can You Receive For a Lyft Accident in Easton?
Car accidents can be traumatizing experiences, leaving accident victims with both serious physical injuries and immense emotional distress. They can also be expensive: medical expenses, lost wages, property damage, and more can pile up after a car accident, adding a financial burden to an already stressful situation.
The situation takes on another layer of complexity if you have been in a Lyft car accident. When a large company like Lyft is involved, what does the legal process look like? How can you receive compensation for your losses? And when you do, what kind of compensation will it be? It’s important to speak with an Easton Lyft accident lawyer to learn what compensation is available following a Lyft accident in Easton.
How Much Compensation Could I Receive in a Lyft Accident?
There is no way to provide an accurate compensation estimate without knowing the case details, […]
More information about Insurance
How Much Are Most Truck Accident Settlements in Scranton, PA?
Truck accidents can result in devastating consequences, both physically and financially. And when it comes to truck accidents in Scranton, PA, the stakes can be even higher. As one of the largest cities in Northeastern Pennsylvania, Scranton sees a significant amount of truck traffic on its roads and highways. Unfortunately, this also means a higher likelihood of truck accidents occurring.
One of truck accident victims’ most common questions is how much they can expect to receive in a settlement. Let’s explore the average settlements for truck accidents in Scranton and the importance of hiring a Scranton truck accident lawyer to ensure you receive fair compensation for your injuries and damages.
Why Are Truck Accident Cases So Complex?
Navigating the aftermath of a truck accident is akin to untangling a complicated web. The situation often involves various participants that extend beyond the victim and the truck driver. […]
Read MoreMore information about Insurance
What Is the Number One Injury For Truck Drivers in a Truck Accident in Scranton?
Whiplash is the number one injury for truck drivers involved in a truck accident in Scranton. Truck accidents are dangerous for those in the other vehicle and the truck driver. A sudden crash can make their head jerk back and forth, causing whiplash. If you are a truck driver involved in a trucking accident in Scranton, PA, contact a Scranton truck accident lawyer near me to learn your legal options and to see what your next steps should be.
What Are the Risks of Driving a Commercial Truck in Scranton?
Navigating the roads of Scranton, Pennsylvania, is no small feat for truck drivers. With challenges presented by bustling traffic, ever-changing weather patterns, and the distinct hilly landscape, every journey tests skill and endurance.
These challenges can be heightened by the demand for long driving hours, leading to fatigue and potentially compromising alertness. […]
Read MoreMore information about Insurance
How Do You Calculate Pain and Suffering in a Truck Accident in Scranton?
Truck accidents can have devastating consequences, both physically and emotionally. If you have been involved in a truck accident in Scranton, Pennsylvania, you may be entitled to compensation for your pain and suffering. However, determining the amount of compensation can be a complex process. How do you put a dollar value on your suffering? Understanding how pain and suffering are calculated in a truck accident settlement and how a Scranton truck accident lawyer can help you receive the total compensation you deserve is essential. Our Scranton truck accident lawyers explore the factors considered when calculating pain and suffering in a truck accident settlement in Scranton.
What is Pain and Suffering in Legal Terms?
Pain and suffering are terms used in the legal world to describe the physical and emotional hardships that individuals experience as a result of a truck accident. […]
More information about Insurance
Carbondale, PA Distracted Driving Accident Lawyer
Anytime something or someone diverts a driver’s attention from the road; they are driving distracted and risking a serious car accident. Be it a text, changing the radio station, eating fast food, or even talking to a passenger, these simple actions that only take seconds can change your life instantly.
Distracted driving car crashes have claimed the lives of thousands and injured even more. If you or a loved one were involved in an accident with a distracted driver, a free consultation with the Carbondale distracted driving accident attorneys of Munley Law can provide legal guidance for your claim.
How Our Distracted Driving Car Accident Lawyers Can Help You
To have a distracted driving claim, you must prove that the other driver was distracted behind the wheel. However, this segment of personal injury law is more challenging than you may think. […]
Read More
