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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How Can I Find a Personal Injury Lawyer Near Me in Philadelphia, PA?
You can find a Philadelphia personal injury lawyer by doing initial research online, asking for recommendations from friends and family members, and then meeting with a narrowed-down list of legal professionals before making a final decision. Finding a trustworthy and experienced personal injury lawyer is the first step to seeking justice and compensation.
Munley Law has supported clients through the personal injury case process since 1959. Read on to understand how a Philadelphia personal injury attorney can assist you with your case, what to look for when searching for an accident attorney, and the best ways to find a reliable personal injury attorney near you.
The Role Personal Injury Attorneys Play in Your Case
Personal injury lawyers specialize in providing legal representation to those who have suffered physical, emotional, or financial harm as a result of an accident. They play a vital role in helping individuals who have been injured due to the negligence or wrongdoing of others. […]
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Reading Construction Accident Lawyer
If you or a loved one were injured in a Reading construction accident, know that you have options for financial recovery. At Munley Law, our construction accident lawyers serve injured Berks County residents in Reading and across Pennsylvania.
Whether you are a construction worker hurt on the job or an innocent bystander hurt due to a lack of safety measures at a construction site, Munley Law can help you get the compensation you need to recover from your injuries and regain your life.
For a free consultation, contact the Reading construction accident lawyers at Munley Law for a no-obligation consultation.
Experienced Reading Construction Accident Lawyer
According to the U.S. Bureau of Labor Statistics, falls, slips, and trips accounted for 35.3 percent of workplace deaths in the construction industry in 2020. Due to the job’s workplace conditions and physical demands, […]
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Scranton Drowsy Driving Accident Lawyer
There are certain safe driving practices that we assume others will follow on the roadways: following the speed limit, obeying traffic signs, and not getting behind the wheel while intoxicated. Unfortunately, many drivers don’t consider the risks of drowsy driving.
Drowsy driving is considered as dangerous as drunk driving, yet each year, thousands will get behind the wheel while fatigued. If you or a loved one were involved in a car accident with a drowsy driver, Munley Law is here to help.
For over 60 years, the Scranton car accident lawyers at Munley Law have helped car accident victims and their families file car accident claims. Our law firm can provide a free, no-obligation consultation and guide you through the legal process. Call Munley Law for more information.
Scranton Drowsy Driving Accident Lawyer: Munley Law
Busy schedules, […]
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What Does a Catastrophic Injury Attorney Do in Allentown?
Catastrophic injuries can have life-altering consequences, and navigating the aftermath often requires more than just medical care; it demands legal expertise. An Allentown catastrophic injury lawyer supports victims through this challenging time. Their work goes beyond essential legal representation, encompassing advocacy, negotiation, and a deep understanding of the complexities involved in such cases.
The Role of Catastrophic Injury Attorneys in Allentown, PA
Choosing the right lawyer is crucial when a catastrophic injury shatters your life. While any Allentown personal injury lawyer offering the standard services – case evaluation, strategy development, and negotiations – might seem sufficient, it takes a personal injury lawyer with the skills and experience to handle a catastrophic injury claim. Here’s how:
- Unwavering Dedication: A serious personal injury lawyer is not just legal counsel; they’re invested in your journey. This translates to frequent communication, […]
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Dedicated Uber Accident Lawyer
Injured in an Accident With an Uber Driver? You Need an Uber Accident Lawyer
Getting into a car accident is always a stressful and traumatic experience. But things can get even more complicated when the accident involves an Uber driver. That’s because Uber and Lyft accidents raise unique legal issues that traditional car accident lawyers may not be familiar with. If you’ve been injured in an Uber accident, it’s essential to understand your rights and options. That’s where an Uber accident lawyer comes in.
You don’t have to suffer silently. Call the Munley Law Uber accident lawyers for a free consultation today. We will help you navigate a personal injury claim and get you back on your feet.
Why Do You Need an Uber Accident Lawyers?
You may need an Uber accident injury lawyer if you’ve been injured in an Uber ride for several reasons. […]
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