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
Harrisburg Pedestrian Accident Lawyer
Experiencing a pedestrian accident is devastating for you or your loved one. The aftermath can be overwhelming as you deal with physical injuries, emotional trauma and financial burdens. The last thing you should worry about is how you can afford your recovery, which is why hiring an experienced lawyer is not just a choice but a necessity. Munley Law is the best choice for injury victims in Harrisburg, Pennsylvania.
The capital city of Pennsylvania, Harrisburg is known for its vibrant arts scene, iconic landmarks like the State Capitol Complex, and the Susquehanna River’s picturesque beauty. The city’s blend of history and modernity is reflected in its legal practices as well. Munley Law is a team of dedicated Harrisburg pedestrian accident lawyers who offer top-notch legal services rooted in continued growth and existing precedents.
With a proven track record in handling pedestrian and car accident cases, […]
Read MoreMore information about Insurance
Pottsville Motorcycle Accident Lawyer
Motorcycling offers a sense of freedom and excitement, but it also comes with inherent risks, especially on the bustling roads of Pottsville, Pennsylvania. Nestled in Schuylkill County, Pottsville’s winding roads and scenic landscapes are often traveled by motorcycle enthusiasts. However, the increasing traffic and unique local conditions have led to a growing number of motorcycle accidents. In these tragic circumstances, having a dedicated and experienced Pottsville motorcycle accident lawyer becomes indispensable.
Enter Munley Law, a renowned law firm with over 60 years of experience in personal injury law, including a specialization in motorcycle accidents. With a deep understanding of Pottsville’s local laws, traffic patterns, and community needs, Munley Law’s team of Pottsville motorcycle accident attorneys has provided invaluable support to countless motorcycle accident claims and victims in the region.
Their attorneys not only understand the legal complexities but also the emotional trauma that victims undergo. […]
Read MoreMore information about Insurance
Bensalem Truck Accident Lawyer
Large commercial trucks are among the biggest dangers for motorists in Pennsylvania and across the United States. Tractor-trailers can cause monumental damage to the average passenger vehicle and even death to drivers and their passengers. Truck accidents are a harrowing reality in a booming town like Bensalem, which has a growing commercial district in the northeast section of Philadelphia. This is where the Bensalem truck accident lawyers of Munley Law come in.
At Munley Law, our legal team of experienced truck accident attorneys understands the unique challenges that truck accident victims face in the aftermath of a collision. Whether it’s navigating the complex local regulations or fighting for your rights, our dedicated personal injury lawyers are committed to helping you pursue compensation for your injuries.
Do not handle the legal process alone. If you or a loved one were injured in a Bensalem truck accident, […]
Read MoreMore information about Insurance
Bensalem Slip and Fall Accident Lawyer
Have you been injured in a slip and fall accident in Bensalem? Whether it happened at the bustling Neshaminy Mall, the serene paths of Bensalem Township Country Park, or even on a busy street like Hulmeville Road, Munley Law Personal Injury Attorneys are here to help. Our Bensalem slip and fall lawyers are deeply familiar with the local community and have successfully represented clients throughout the area.
Contact Munley Law for a free consultation today.
Don’t suffer in silence; let our experienced Bensalem slip and fall accident attorneys fight for your rights.
Why Choose Munley Law as Your Bensalem Personal Injury Lawyers?
Selecting the right legal representation is crucial. At Munley Law Personal Injury Attorneys, our Bensalem personal injury lawyers have a proven track record of success. With decades of experience, awards, and positive client testimonials, we stand out as the best choice for your personal injury claim. […]
Read MoreMore information about Insurance
Why Was My Philadelphia Car Accident Claim Denied?
Navigating the aftermath of a car accident in Philadelphia can be a daunting task, especially when dealing with insurance claims. As a team of seasoned Philadelphia car accident lawyers, Munley Law has seen firsthand the frustration and confusion many clients face when their car accident claims are denied. Car accident insurance claims are a important part of the recovery process, providing financial support for medical expenses, vehicle repairs, and other related costs. However, these claims are not always straightforward and can be denied for a variety of reasons. Understanding these reasons is the first step towards successfully navigating the claims process.
In the city of brotherly love, where traffic can be heavy and accidents frequent, having your claim denied can feel like a second blow. But remember, a denial is not the end of the road. With the right legal assistance, it’s possible to challenge the decision and secure the compensation you deserve. […]
Read More
