Insurance
Jul. 1, 2022
What is an accident?
Insurance, after all, is a method for the economic transference of the risk of accidental losses and is a numbers business.
What exactly is an accident? This is an important question, with significant ramifications for coverage in the area of insurance law. Why is this?
In answering this, it is important to begin by remembering two reasons people buy insurance. One reason is to pay for accidents. Another reason is to have the insurance company pay for a lawyer to defend you in lawsuits. Since accidents and lawsuits do happen, and because you may be required to ...
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