For starters, uninsured coverage would benefit you if you were involved in an accident where the other driver is responsible but doesn’t have insurance. If you sustain injuries along with damage or loss to your vehicle, you can still receive compensation. Therefore, if you elect the uninsured motorist policy, you would have additional protection under such circumstances. However, if you choose to waive that coverage because it’s cheaper, the insurance companie...
The concept of a deductible, or the specific amount that you must pay before the insurance company will pay a claim, can be confusing. For instance, if you’re involved in an accident, and you have a $1000 of property damage to the car, you would be responsible for that entire amount if you have no deductible. And these days, you can accumulate a $1000 dollars’ worth of repairs rather quickly which makes for a very uncomfortable financial situation.
On the other hand, if you have a $200 deductible, you would be responsible for $200, and the insurance company would pay the rest and so on. So if you have a $500 deductible, you would be responsible for $5...
A Product Liability case involves a circumstance where a client is injured as a result of a defective product. This situate arises from:
• Poor manufacturing
• Misrepresentation of the product
Basically, the product poses some sort of danger to the person handling it. Plus, there are other situations where the product might contain a chemical or a part that’s hazardous, but the manufacturer fails to acknowledge it.
A Premise Liability Case, also known as a “trip-and-fall” or “slip-and-fall” case, is a situation where a person’s injury is the result of hazardous conditions on someone else’s property. These types of conditions can include, for instance:
Slippery floor surfaces
Obstacles in a walkway
Sidewalks that have been ruined by tree roots
Poorly lit areas
Poorly shoveled sidewalks after a snowstorm
A run-down stairway and/or loose banister inside of a home
Basically, negligence and inadequate maintenance can lead to such a situation where visitors, customers, or even just passersby can be injured. When this occurs, the accident v...
Personal Injury Protection Coverage, also known as PIP Coverage, is just one piece of the auto insurance puzzle. This component covers medical expenses and lost wages after an accident regardless of who is responsible. While PIP Coverage can be considered a supplemental part of your policy, some states require drivers to obtain this as part of their overall car insurance policy.
Specifically, in Pennsylvania, the statutory minimum is $5,000, but quite frankly, if you can afford to, you should obtain more coverage just for additional security since the minimum can be quickly consumed by medical expenses.
Likewise, in New Jersey, the minimum is $250,000 wh...
In legal terms, a tort is when somebody wrongs another person, and the other person seeks monetary compensation. Although money can’t solve all problems, it is ultimately the primary means of gaining some degree of recompense for an injury or pain and suffering.