What is the basis for personal injury law related to automobile accidents?
It is based on negligence. Under negligence theory, the issue is whether the defendant (the person that hit you) failed to use ordinary care in the circumstances that led to the injury. What is insurance: Insurance is a risk transfer vehicle. If a party faces the possibility of a financial loss, he or she could transfer this risk to an insurance company by purchasing insurance. By paying a premium for a certain covered loss, you are transferring the risk of loss (above your deductible) to the insurance company. Insurance is often called an indemnity contract. Indemnification: “Restoring” the insured to the same economic position after suffering a loss “without profiting”. In case of an accident: You should do the following when involved in an accident: • Don’t leave the scene. If vehicles are operable, move them to the shoulder, out of the way of oncoming traffic. • Call for medical assistance if there are any injuries. Provide basic first-aid, but don’t move an injured person unless y
