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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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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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, […]
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Can You Claim Whiplash After a Bus Accident in Bethlehem?
As a bus passenger, you might never anticipate the sudden jolt that results in a painful condition known as whiplash. This invisible injury, often dismissed due to a lack of visible evidence, can have serious repercussions.
In the aftermath of a bus accident, it’s crucial to understand your rights and potential claims. This article will guide you through the complexities of claiming whiplash after a bus crash. Through legal and medical lenses, our Bethlehem bus accident attorneys will explore your avenues for compensation and the steps required to fortify your case.
What is Whiplash?
Whiplash is a non-medical term often used to describe a range of injuries to the neck caused by or related to a sudden distortion of the neck associated with extension. However, the exact injury mechanisms remain unknown. According to the American Physical Therapy Association (APTA), […]
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Can You Sue for a Hit and Run in Pennsylvania?
Navigating the complexities of a hit and run accident can feel daunting. This article will guide you through Pennsylvania’s traffic laws, the distinctions between civil and criminal cases, and how they pertain to hit and run situations. You’ll also discover practical steps to take after a hit and run incident. This article provides a comprehensive understanding of your rights and potential recourse in these distressing circumstances. If you get into a hit and run accident anywhere in Pennsylvania, contact our Pennsylvania car accident lawyer today to schedule a free consultation.
Pennsylvania’s Traffic Laws: A Broad Overview
Pennsylvania’s Vehicle Code outlines all traffic rules that apply in the state. Notably, when an accident occurs, the code specifies certain obligations for drivers. These include stopping as soon as possible, staying at the accident scene, providing identification details, and offering assistance, […]
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