What Is a Deductible?
A deductible is the portion of a claim the insured individual is responsible for paying before an insurance company covers all remaining costs. Once the deductible is met, the insured will pay nothing.
What Is a Deductible?
According to the Insurance Information Institute, “A deductible is the amount of money you pay out of pocket before your insurance coverage kicks in.” For example, if you have a health insurance policy with a $1,000 deductible, you must pay $1,000 toward covered medical expenses before your insurance begins to pay for any remaining costs. Deductibles can vary widely based on the type of insurance policy and the terms agreed upon by the insurer and policyholder.
Deductibles are typical in many insurance policies, including health, auto, and home insurance. The primary purpose of a deductible is to share the risk between the insurer and the insured. By requiring the insured to pay a portion of the costs, insurance companies encourage policyholders to avoid making small or unnecessary claims in an attempt to lower overall insurance costs.
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Personal Injury Glossary Terms
This glossary provides a quick-access resource for looking up definitions of terms you will likely encounter while seeking compensation.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W
A
Accident Report — A detailed official record of an incident created on-site by an authority figure such as a police officer or hospital staff member.
Act of God — An unforeseen event caused by natural forces without human involvement that couldn’t have been prevented with reasonable care, […]
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Philadelphia Rideshare Accident Lawyer
Were You Injured in a Philadelphia Rideshare Accident and Now Need an Uber Accident Lawyer?
If you or someone you love was injured in a rideshare accident, it’s important to have an experienced rideshare lawyer on your side to fight for the compensation you deserve. Rideshare accident claims can be difficult to navigate on your own and you may not be sure who should be paying your medical bills. That’s why it’s important to speak with an experienced Philadelphia rideshare accident attorney right after your accident.
How Dangerous is a Rideshare?
While these apps help us get from point A to point B more efficiently, they can also contribute to a growing safety issue. When you choose to take an Uber or Lyft, it’s often for either convenience or safety if you plan on drinking. But you are putting trust in that driver, […]
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Erie Uber Accident Lawyer
Residents and visitors enjoy the waterfront activities and attractions that Erie, PA, offers, and many frequently utilize rideshare services like Uber. Unfortunately, that increase in use has also led to more Uber accidents. If you or a loved one were injured in a rideshare car accident, an Erie Uber accident lawyer from Munley Law can guide you through the legal process.
Why Do You Need an Uber Accident Lawyer in Erie, PA?
You never have to hire an attorney for a car accident; however, when it comes to wrecks with rideshare vehicles, it can be beneficial to work with an attorney.
The most complicated part of an Uber accident is knowing what insurance coverage applies to you. Further, there is the question of who was involved during the crash and why it occurred. Of course, there are also general car accident concerns such as injury severity, […]
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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, […]
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Bensalem Uber Accident Lawyer
Understanding What to Do After an Uber Accident in Bensalem, PA
Uber offers a convenient solution for both residents and visitors wanting to explore Bensalem, but accidents can happen. When navigating the complex legal landscape following an Uber accident, you want a Bensalem Uber accident lawyer who is not only familiar with our community but also deeply versed in the intricacies of personal injury law.
Our Munley Law personal injury team is a leading force in the Bensalem and Philadelphia Uber accident realm, standing out as a prominent advocate for those injured in rideshare collisions. With our vast experience in personal injury law and deep understanding of the specific regulations and complexities involved in rideshare accidents. We provide top-notch legal representation that is both aggressive and compassionate.
Our attorneys at Munley Law are committed to holding responsible parties accountable and securing the maximum compensation for our clients. […]
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