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.
More information about Deductible
Uber Insurance Claims: How Do They Work in Philadelphia?
Philadelphia’s streets are constantly busy, with more people opting for rideshare services like Uber. As Uber rides become more common, so do the accidents that come with them. If you’ve been involved in an Uber accident in Philadelphia, you know how overwhelming it can be to handle injuries, medical bills, lost wages, and other damages.
Your rideshare insurance claim is vital to securing compensation, not just for your pain and suffering, but also for the financial burdens like medical expenses and time missed from work. Getting timely relief is essential when your life is turned upside down by an Uber accident. An experienced lawyer can help you handle the challenges of rideshare claims and insurance. Contact our Philadelphia Uber accident lawyers at Munley Law for a free consultation. It’s a risk-free opportunity to discuss your case and understand your options. […]
Read MoreMore information about Deductible
Abington Rideshare Accident Lawyer
In Abington, PA, the rise of rideshare services like Lyft and Uber has simplified transit but also heightened rideshare-related 
accidents, sparking intricate legal battles. Navigating the legal steps after an Uber or Lyft accident involves both understanding the laws and grasping how rideshare platforms uniquely operate. With drivers wavering between being viewed as independent contractors and brand representatives, determining liability and securing compensation becomes complex. It’s not merely about knowing laws; it’s about strategic navigation through them. The Abington rideshare accident lawyers at Munley Law don’t just stand with you; we stand for you, ensuring your rights aren’t a mere expectation but a realized assurance, adeptly steering through the legal intricacies that rideshare traffic accidents entail.
Understanding Rideshare in Abington’s Bustling Environment
Abington, with its vibrant hustle and peaceful pockets, effortlessly marries the lively and serene, becoming a pivotal stage for the evolution of rideshare services like Lyft and Uber. […]
Read MoreMore information about Deductible
Hit and Run Car Accidents
Nobody ever expects to be the victim of a hit-and-run car accident. One minute you’re driving along, and the next, someone carelessly crashes into your vehicle and flees the scene. In the aftermath, you’re left dealing with injuries, vehicle damage, and a thousand questions. That’s when you need a hit and run accident lawyer in your corner. The experienced car accident lawyers at Munley Law understand the chaos and confusion you’re facing. They know how to investigate what happened, protect your rights, and fight for the compensation you deserve. With expertise in accident claims and hit-and-run car accidents, they become your advocate and guide through this difficult situation.
Best Hit and Run Accident Attorneys
When you’ve been the victim of a hit-and-run accident, you need personal injury law attorneys who really go the extra mile. The best hit-and-run accident attorneys are relentless investigators, […]
More information about Deductible
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, […]
Read MoreMore information about Deductible
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 accident 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, […]
Read More
