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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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, […]
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Carbondale Workers Compensation Lawyer
Our Carbondale Workers’ Compensation Attorneys Help All Workers
If you have been injured at work in Carbondale or have become ill with an occupational disease, contact your Carbondale workers’ compensation lawyer at Munley Law today. Your employer is obligated by state law to carry workers’ compensation insurance. If you have suffered an injury or illness while on the job, you may be entitled to recover compensation through financial relief from PA workers’ compensation benefits. To learn more about your legal rights as an injured worker, call our Carbondale personal injury lawyer today or fill out the form, 24 hours a day, for a free case evaluation.
How Does Workers’ Compensation Work in Carbondale, PA?
Workers’ compensation insurance is a financial safety net for Carbondale workers who become injured or sick due to job duties or conditions. The Pennsylvania Workers Compensation Act created it, […]
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Hazleton Workers’ Compensation Lawyer
Did You Suffer a Workplace Injury in Hazleton, PA?
Under federal law, employers must provide a work environment free of known health and safety hazards. A workplace injury can be devastating to an individual and their loved ones. In addition to physical pain, you may experience significant financial strains due to lost wages and mounting medical expenses. Workers’ compensation is supposed to cover these costs, but what if your claim is denied? The Hazleton workers’ compensation lawyers at Munley Law Personal Injury Attorneys help injured workers in Hazleton get the compensation they deserve. If you suffered an injury in an accident at work and have problems with your workers’ comp claim, contact our Hazleton workers’ comp lawyer for a free consultation. Chat live, email us, or call today.
We do not charge a fee unless we win your case. Para asistencia inmediata en Espanol, […]
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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? […]
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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, Munley Law 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, […]
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