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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PERSONAL INJURY LAWYER IN SCRANTON, PA
A personal injury lawyer can be the difference between struggling with medical bills and securing the compensation you deserve. At Munley Law, we’ve built our reputation by consistently outmaneuvering insurance companies and winning substantial settlements for our clients. While other firms might pressure you to accept a quick, inadequate settlement, we meticulously build your case and push back against lowball offers – often doubling or tripling initial compensation offers through aggressive negotiation and litigation.
Don’t let insurance adjusters minimize your suffering or deny you fair compensation. Our record of multi-million dollar verdicts proves we know how to win, and we’re ready to put that experience to work for you. Contact our personal injury lawyers today for a free consultation and learn why many injured clients trust Munley Law to fight for their future.
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COMMON PERSONAL INJURY CLAIMS WE HANDLE
Here are a few examples of the personal injury case types we handle regularly:
- TRUCK ACCIDENTS
- CAR ACCIDENTS
- WORKERS’ […]
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Allentown Car Accident Lawyer
After a car collision in the Lehigh Valley, your choice of an Allentown car accident lawyer could mean the difference between financial security and years of struggling with medical debt. Insurance companies start building their defense immediately after your auto accident – while you’re still reeling from the trauma. At Munley Law, we counter their tactics with decades of experience and a proven record of turning denied injury claims into substantial settlements. Our attorneys have recovered millions in compensation for car crash victims, consistently securing settlements that dwarf initial insurance offers.
Don’t let adjusters pressure you into accepting minimal compensation while your medical bills pile up and you’re missing work. Our track record shows we can maximize compensation for crash victims through aggressive negotiation or fierce litigation. Contact us today for a free consultation – we only get paid when you win and are ready to fight for you immediately. […]
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Scranton Workers’ Compensation Lawyer
A Scranton workers’ compensation lawyer can provide essential support if you encounter difficulties with your workplace injury claim. Workers’ compensation benefits are intended to cover medical treatment and lost wages following an on-the-job accident. Although Pennsylvania law requires coverage for all workers injured on the job, insurance companies frequently delay or deny workers comp claims. If you are facing an issue with your work injury claim, the workers’ compensation attorneys at Munley Law can advocate for you. Contact our Scranton law office today to schedule a free consultation.
When to Hire a Work Injury Law Firm in Scranton
You should hire our Scranton workers’ compensation lawyer as soon as possible. Workers’ compensation laws in Pennsylvania are incredibly complicated to understand. It can be straightforward for an employer’s insurance company to deny a claim, […]
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Wilkes-Barre Workers Compensation Lawyer
The Wilkes-Barre workers compensation lawyers at Munley Law have protected the rights of injured workers throughout Wilkes-Barre for almost 65 years. Our attorneys have been recognized by some of the most prestigious legal organizations for their work in workers’ compensation, including Best Lawyers in America, LawDragon, SuperLawyers, and Best Law Firms. We hold board certifications and have the knowledge and resources to fight the insurance company. We do not collect a fee until you receive the compensation you deserve.
Don’t wait too long after a workplace accident to contact an experienced work injury attorney in Wilkes-Barre. Contact us today to schedule a free case evaluation.
When to Hire a Workers Comp Attorney in Wilkes-Barre, PA
When work-related accidents happen, workers compensation is meant to cover the medical expenses and compensate for your lost wages while you’re out of work. […]
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Pedestrian Rights: Navigating Truck Accidents in Crosswalks
Most people feel safe using a crosswalk as a routine activity. After all, these marked paths are specifically designed to protect pedestrians. However,
Understanding these dangers – whether they stem from poor crosswalk design, hazardous weather conditions, distracted drivers, or large commercial vehicles such as tractor-trailers – is essential for staying safe. If you’ve been injured while using a crosswalk in Pennsylvania, understanding these factors can also be important for protecting your legal rights.
If you or a loved one has been involved in a pedestrian accident in the crosswalk in PA, your first call should be to the experienced pedestrian accident attorneys at Munley Law. We understand these complex cases and can help you navigate the legal process. Call Munley Law for a free consultation, and let us fight for the compensation you deserve. […]
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