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 a Pittsburgh Truck Accident Lawyer Help?
In the heart of Pennsylvania, where the Allegheny and Monongahela rivers meet to form the Ohio River, lies the vibrant city of Pittsburgh. This city is adorned with historic landmarks such as the Fort Pitt Block House and busy roads like the Penn Lincoln Parkway. It is a hub of activity and life. Yet, the streets of Pittsburgh can sometimes be the scene of devastating truck accidents, bringing challenges and hardships to victims and their families.
Munley Law Personal Injury Attorneys can help if you or a loved one has been injured in a truck accident in Pittsburgh. With over six decades of experience, our Pittsburgh truck accident lawyers are here to fight for your rights, ensuring you receive the compensation and support you deserve. Entrust your case to a team that knows Pittsburgh inside and out, and is committed to making things right for accident victims in the Steel City. […]
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Does Car Insurance Cover Bicycle Accidents in Pittsburgh?
In the heart of Allegheny County, where the iconic three rivers converge, Pittsburgh stands as a beacon of resilience and transformation, embodying the spirit of innovation and community. Yet, as the city embraces cycling fervently, encouraging its locals and numerous students dwelling in education hubs like Carnegie Mellon and the University of Pittsburgh to take to the beautiful, yet sometimes challenging terrains on their bikes, a pressing question looms large — Does car insurance cover bicycle accidents?
Understanding the intricacies of bike accident insurance in Pittsburgh’s unique landscape — from the busy streets of Downtown to the tranquil pathways of Schenley Park — is not just important, it’s vital. Whether you are a daily commuter using the extensive bike lanes the city has to offer or a weekend warrior exploring the Great Allegheny Passage, having a clear understanding of what insurance covers bike accidents can be your shield in distressing times. […]
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Pottsville Pedestrian Accident Lawyer
In the bustling streets of Pottsville, Pennsylvania, pedestrian accidents can happen in the blink of an eye. When they do, the aftermath can be overwhelming, both emotionally and financially. That’s where Munley Law Personal Injury Attorneys step in.
With over 60 years of experience, the award-winning team at Munley Law has been a beacon of hope for accident victims throughout Pennsylvania. They understand that obtaining compensation for your injuries isn’t a straightforward task. It requires an experienced and compassionate attorney who’s ready to fight for your rights.
The team at Munley Law is available from the moment you reach out until the final settlement is handed over. Their expertise in pedestrian accidents in Pottsville is unparalleled, making them the best choice for anyone seeking justice. If you or a loved one has been involved in a pedestrian accident, don’t hesitate. Choose carefully, choose expertise, […]
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Upper Darby Premises Liability Lawyer
Your Premises Liability Attorneys in Upper Darby
Your Premises Liability Attorneys in Upper DarbyUpper Darby is a vibrant township located just outside of Philadelphia, Pennsylvania, known for its rich history, diverse community, and bustling commercial areas. It’s a place where people visit a variety of premises, from shopping malls to public parks and even historic landmarks. However, accidents can happen anywhere, and when they occur on someone else’s property, the complexities of premises liability come into play. In such situations, having a qualified lawyer becomes essential for navigating the legal landscape.
Among the available options, Munley Law Personal Injury Attorneys stand out for their decades-long experience and a proven track record of securing fair compensation for accident victims. Contact our Upper Darby premises liability lawyer for your free initial consultation and make sure that you are on the right track for your justified compensation.
Understanding Premises Liability Law
Premises liability law covers a broad range of accidents that can happen on someone else’s property, […]
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Williamsport Motorcycle Accident Lawyer
Motorcycle accidents can be devastating, leaving victims with not only physical injuries but also emotional and financial burdens. For residents of Williamsport, PA, seeking specialized legal representation is crucial to ensure justice and adequate compensation.
For over six decades, Munley Law has been a beacon of trust and expertise in the realm of personal injury law. Established in 1959, our firm has consistently championed the rights of accident victims throughout Pennsylvania. With a team of award-winning personal injury lawyers, Munley Law has a long track record of success in the most serious injury and accident cases.
Choosing the Right Williamsport Motorcycle Accident Lawyer
In the aftermath of a motorcycle accident, the legal maze can be daunting. The choice of representation can make a significant difference in the outcome of your case. Munley Law’s guiding motto, “Choose Carefully,” […]
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