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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Lower Merion Personal Injury Lawyer
Personal injuries are, unfortunately, a fact of life, but you don’t need to suffer alone. Finding a personal injury lawyer who understands both local courts and the impact an injury can have on your life is essential.
Serving the Main Line for over two decades, we’ve guided hundreds of Lower Merion residents through complex personal injury claims. Many of our clients come to us overwhelmed by medical bills, unable to work, and facing pressure from insurance companies. We handle all of these burdens and more so you can focus on recovery.
Whether you’re dealing with a car accident, slip and fall, or another injury caused by negligence, the Lower Merion personal injury lawyers at Munley Law are available 24/7 to evaluate your case and explain your options clearly, without pressure or legal jargon.
Call today to schedule a free consultation.
Types of Personal Injury Lawsuits We Handle in Lower Merion Township
There are many different ways to be injured, […]
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Williamsport Nursing Home Abuse Lawyer
Discovering abuse or neglect of an elderly family member is devastating. Many families feel overwhelmed by the process of documenting incidents, reporting to authorities, and pursuing legal action. At Munley Law, our legal team has spent decades working with families whose loved ones have suffered mistreatment in nursing homes and long-term care facilities.
Our attorneys regularly work with families throughout Williamsport and surrounding communities in Lycoming County. Our local knowledge, combined with our track record of successful nursing home abuse cases, allows us to build strong cases for our clients.
If you need a Williamsport nursing home abuse lawyer, contact Munley Law. Our elder abuse attorneys will meet with you for a free consultation to discuss the legal options available for your loved one.
Types of Nursing Home Abuse We Handle in Williamsport
Nursing home mistreatment takes many forms, including abuse and negligence. […]
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Upper Darby Car Accident Lawyer
When catastrophic car accidents leave passengers seriously injured, every single aspect of their lives is affected. Life-altering physical injuries can leave a victim unable to return to work or their normal activities. The burden of immense physical pain and the post traumatic stress of the accident itself can be emotionally crippling. Finally, a major car accident can financially devastate even the wealthiest individuals or families.
If you’ve been involved in a car accident in Upper Darby, PA the last thing on your mind is a personal injury lawsuit. However, filing a car accident claim against the negligent parties who caused the crash isn’t about getting revenge. It’s about securing the financial compensation that you wouldn’t have needed had you not been involved in the accident. It’s as simple as that.
The Munley car accident lawyers have recovered millions for our clients in Upper Darby, Pennsylvania. While we can’t change what happened to you, […]
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Media Personal Injury Lawyer
When you need a Media personal injury lawyer, the team at Munley Law understands what you’re going through. For 65 years, our attorneys have helped injured residents of Delaware County get the compensation they deserve after accidents and injuries. We bring deep knowledge of Pennsylvania law, local courts, and insurance practices to every case we handle.
From car crashes on Baltimore Pike to workplace injuries at local businesses, we’ve successfully represented thousands of clients in Media and throughout Delaware County. Our results speak for themselves: We’ve recovered millions in settlements and verdicts for our clients while providing personal attention to each case.
You don’t have to handle the stress of medical bills, lost wages, and insurance companies alone. Contact Munley Law for a free consultation. Our experienced personal injury attorneys are ready to review your case and explain your options. We only get paid if we win money for you. […]
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Pennsylvania Crosswalk Accident Lawyer
With Pennsylvania seeing a concerning rise in pedestrian accidents at marked crosswalks, particularly in urban areas like Philadelphia and Pittsburgh, experienced legal representation is more needed than ever before. If you’ve been injured crossing the street, a Pennsylvania crosswalk accident lawyer at Munley Law can help you secure the compensation you deserve.
Our legal team has spent decades representing pedestrians struck by vehicles while legally crossing the street. We understand how devastating these accidents can be — from severe injuries that require extensive medical care to lost wages that put financial strain on your family.
Our attorneys work closely with accident reconstruction experts, gather surveillance footage, interview witnesses, and build strong cases against negligent drivers and their insurance companies.
Contact Munley Law today for a free consultation with our crosswalk accident attorneys. We’ll review your case, explain your legal options, and fight to protect your rights while you tend to your recovery. […]
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