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.
More information about Insurance
What Kind of Compensation Can You Receive for a Lyft Accident in Bethlehem, PA?
Being involved in a Lyft accident can leave you bewildered and uncertain about what to do next. It’s completely understandable to feel this way. However, Pennslyvania has laws to help you seek compensation for any injuries or damages incurred due to the accident. If you’re unsure about how to seek compensation, don’t worry. The Bethlehem Lyft accident lawyers at Munley Law are here to help. Let’s review the different forms of compensation that may be available to you.
Understanding Your Right to Compensation
Living in Bethlehem, knowing your legal rights is essential if you’re involved in a Lyft accident. Pennsylvania law safeguards accident victims, ensuring you can seek financial recovery for the damages you’ve incurred. This process, known as seeking compensation, allows you to claim for various losses. These could include your medical bills, loss of earnings due to your inability to work, […]
More information about Insurance
Pittston Truck Accident Lawyer
Truck accidents are often much more damaging than the standard passenger vehicle collision. Given the size of tractor-trailers versus a passenger car, the injuries can be more severe, and the impending legal battles are all the more complex. But as a victim, you do not have to handle it alone. A Pittston truck accident lawyer can guide you through the personal injury claims process, ensuring you get the compensation you need to move forward.
Munley Law understands that trucking accidents pose unique challenges, often at the expense of the injury victims. Our legal team has taken on the insurance and trucking companies for previous clients, and we are prepared to do the same for you. For a no-obligation, free consultation, call our Pittston truck accident lawyer.
What Are the Causes of Most Truck Accidents in Pittston, PA?
No two truck accidents are the same, […]
More information about Insurance
Can I Get a Free Case Evaluation from a Wrongful Death Lawyer in Bethlehem, PA?
You can get a free case evaluation with a wrongful death lawyer in Bethlehem. If you have lost a loved one due to the careless mistake of someone else, your first step should be to schedule a consultation with an experienced lawyer who specializes in wrongful death and personal injury cases. At Munley Law, we offer a free consultation to review your wrongful death case.
During the consultation, one of our experienced Bethlehem wrongful death lawyers will listen carefully to your story, ask questions, and assess the strengths and weaknesses of your case. They will also explain the legal procedures, timelines, and fees involved and give you an honest evaluation of your chances of success. If you have decided to seek compensation for your loved one, our law firm is here to assist and support you.
What Does a Personal Injury Claim Have to Do With Wrongful Death Cases? […]
Read MoreMore information about Insurance
What to Do After an Uber Accident in Wilkes-Barre PA
After a car accident, you likely have many questions about your next steps. Of course, there are the obvious immediate steps at the accident scene. But knowing how to navigate the aftermath of an Uber accident presents unique challenges. From understanding your rights to seeking professional legal assistance, we will equip you with the knowledge to manage the situation effectively.
If you are involved in an accident and need an Uber accident lawyer in Wilkes-Barre, call Munley Law.
What To Do After an Uber Car Accident
Whether you are a passenger, driver, or another vulnerable road user, knowing the steps to take to ensure your safety, protect your rights, and prepare for any necessary legal action after an Uber accident is crucial.
Call 911 and Ensure Safety
Immediately following the crash, check yourself and others involved for injuries. […]
Read MoreMore information about Insurance
Intersection Car Accidents
If you’ve been injured in an intersection accident, you need a car accident lawyer who understands the complex factors involved in these crashes. Intersection accidents often result in devastating injuries due to the force of impact, especially in T-bone collisions or pedestrian accidents. At Munley Law, we’ve helped thousands of intersection accident victims get the compensation they deserve, whether they were drivers, passengers, pedestrians, or cyclists.
Determining fault in intersection crashes can be challenging, especially when multiple vehicles or parties are involved. Insurance companies often try to shift blame between drivers or minimize the severity of injuries. Don’t let the insurance company pressure you into accepting less than you deserve.
Contact Munley Law today for a free consultation with our experienced intersection accident attorneys. We’ll evaluate your case, explain your rights, and fight to hold negligent drivers accountable.
Types of Intersection Accidents and Their Unique Challenges
According to the latest data from the National Highway Traffic Safety Administration, […]
