What is Insurance?
Insurance is, “a contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the “insurer” or “underwriter;” the other, the “insured” or “assured;” the agreed consideration, the “premium;” the written contract, a “policy;” the events insured against, “risks” or “perils;” and the subject, right, or interest to be protected, the “insurable interest.” (Black’s Law Dictionary 946. 4th Ed. Rev. 1968)
An insurance policy is a contract in which an individual or entity (the policyholder) pays an insurance company (the insurer) in regular payments in exchange for financial protection over specific risks or losses. For example, medical insurance helps to cover medical costs, such as hospital visits, hospital stays, and medications. Similarly, auto insurance helps to cover damages incurred from car accidents. Insurance payments are known as premiums. Insurance contracts typically limit the amount of costs that an insurance provider may be required to pay.
The McCarran-Ferguson Act (15 U.S.C. § 1011) grants many aspects of insurance regulation to individual state governments. However, federal laws like federal taxes do apply to insurance, and must be acknowledged. Insurance is important to the legal system, as it helps protect individuals, those who cause harm to individuals through negligence, and any third party that is faced with the burden of compensating for an injury.
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$12 Million Bad Faith Insurance Action
Munley Law obtained a jury verdict of $12 million for our client, who was badly injured at work when a forklift struck her.
The forklift was retrofitted with a faulty alarm system and had backed up without warning, striking her. The accident resulted in the amputation of her left leg.
The company that sold her employer the forklift was notified, as was their insurance company. The insurance company claimed a lack of coverage and refused to cover the associated costs of the accident but gave no notice to the insured.
As a result of the accident, Munley Law sued the company that sold her employer the forklift and the forklift seller’s insurer for bad faith. The case went to trial, revealing that the employer had purchased the forklift at resale and was informed by the seller that its backup alarm was missing. […]
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Honesdale Personal Injury Lawyer
When an individual is injured due to someone else’s negligence, seeking the assistance of a Honesdale personal injury lawyer is a smart move. Personal injury lawyers specialize in helping injured individuals get compensation for medical expenses, lost wages, and pain and suffering. With their in-depth knowledge of the legal system, they work hard to ensure their clients receive fair treatment and just financial compensation.
Types of Cases We Handle in Honesdale
At Munley Law Personal Injury Lawyers, our Honesdale legal team handles a variety of cases to help people who someone else’s carelessness has wronged. From car accidents and slip-and-fall injuries to workplace mishaps and medical malpractice, the expert team at our law firm ensures that those who have been hurt get the justice and compensation they deserve.
The types of practice areas we commonly handle are:
Truck Accidents
Trucking accidents can be catastrophic due to the size and weight of these large vehicles. […]
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Boat Accident Lawyer
If you or a loved one have been seriously injured in a boating or water sports accident caused by someone else’s negligence, you may have cause to pursue legal action. As the injured victim, you may be entitled to monetary compensation for your medical treatment, missed time from work, and pain and suffering. However, you will likely need a boat accident lawyer who has the experience and legal acumen to get you the full compensation that you deserve.
For more than 65 years, the boat accident lawyers of Munley Law Personal Injury Attorneys have helped clients throughout Pennsylvania. Our boating injury attorneys have earned national recognition for their work on behalf of injured victims. We have been named among the Best Lawyers in America, and have received the highest possible peer and client review ratings from Martindale-Hubbell. Contact a boating accident lawyer now for a consultation free of charge. […]
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Distracted Driving Accidents in Stroudsburg, PA
If you were involved in a distracted driving accident in Stroudsburg, it can be challenging to get compensation for your injuries. It’s always a good idea to speak with an experienced Stroudsburg distracted driving accident lawyer at Munley Law to learn your legal options. We offer free consultations and work on a contingency basis, so you won’t have to worry about paying a fee until the case is settled. Contact our Stroudsburg car accident lawyers today to start your claim.
How a Distracted Driving Accident Lawyer in Stroudsburg Can Help
A Stroudsburg car accident lawyer can gather evidence, hire expert witnesses, negotiate with the insurance company, and protect your rights in the courtroom. Proving that a driver’s distraction caused an accident can be difficult. How do you prove that a driver was reaching for a piece of gum that fell between the seats? […]
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Stroudsburg Car Accident Lawyer
The Stroudsburg car accident lawyers at Munley Law have spent 65 years helping Pocono residents rebuild their lives after devastating car crashes. Our Stroudsburg accident lawyers understand the physical, emotional, and financial challenges you’re facing – and we’re here to shoulder that burden. With decades of experience and a track record of successful outcomes, we fight tirelessly to protect your rights and secure the compensation you deserve.
A serious car accident can turn your life upside down in an instant. Don’t deal with the insurance company on your own. You won’t pay any legal fees unless we win your case. Take the first step toward recovery by scheduling a free consultation with our car accident attorneys in Stroudsburg. Call us, chat online, or complete our contact form today.
The Role of a Car Accident Attorney in Stroudsburg, PA
Hiring a car accident attorney can provide you with expert legal guidance, […]
