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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West Chester Lyft Accident Lawyer
When you’re involved in a Lyft accident, determining liability and securing fair compensation can be challenging due to the multiple insurance policies and parties involved. The experienced West Chester Lyft accident attorneys at Munley Law understand the unique aspects of rideshare accident cases and have a proven track record of helping victims in West Chester, PA pursue compensation for their losses.
Don’t let the stress of medical bills, lost wages, and insurance negotiations overwhelm you during this difficult time. Contact the Munley Law today for a free consultation. We will tirelessly fight to protect your rights and secure maximum compensation for your injuries.
Common Causes of Lyft Accidents in West Chester, PA
Distracted driving puts all drivers at risk and it’s, unfortunately, very common to see accidents caused by negligent distraction. Lyft drivers have a heightened risk of driving distracted. They often split their attention between the road and their app, […]
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York Medical Malpractice Lawyer
When you need medical care in York, PA, you are entitled to good faith treatment intended to improve your health and condition. Unfortunately, medical mistakes and negligence leave many patients struggling with pain and quality of life issues. If your care falls short of York’s professional standards, you need a medical malpractice lawyer.
At Munley Law, our legal team has decades of experience helping patients and families affected by healthcare negligence get justice and compensation. From working with medical experts to navigating Pennsylvania’s specific medical malpractice laws and procedures, our York medical malpractice attorneys thoroughly investigate each case. We consult with qualified medical professionals to prove that your care deviated from accepted standards and led to harm.
If you or a loved one has been injured by medical negligence in York, our legal team is here to help. Call Munley Law today to schedule a free consultation. […]
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Norristown Lyft Accident Lawyer
When you’re injured in a Lyft accident, you’re not just dealing with another driver and their insurance company. Instead, you’re up against Lyft’s corporate policies, their insurance providers, and potentially multiple other parties. Complications can easily arise, leading to delayed claims, denied compensation, and mounting medical bills without financial compensation. The emotional stress, on top of the physical pain from serious injuries can overwhelm anyone.
That’s where the Norristown Lyft accident lawyers at Munley Law step in. Our Norristown personal injury attorneys understand the unique challenges you and your family face. We have years of experience with Lyft, Uber, and other rideshare accident cases. Our car accident lawyers have won millions for our injured rideshare victims and we are confident we can do the same for you. Call today for a free consultation with one of Munley’s Norristown injury lawyers. We will listen to your story, […]
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Norristown Premises Liability Lawyer
Getting injured on someone else’s property in Norristown can completely disrupt your daily life. Our Norristown premises liability lawyers at Munley Law understand the physical, emotional, and financial toll an accident can have. For 65 years, we 
have helped victims of dangerous property conditions secure compensation through skilled negotiation and aggressive litigation.
Pennsylvania property owners are obligated to maintain safe conditions for their guests. Whether you slipped on an icy sidewalk, tripped on broken stairs, or sustained an injury due to inadequate security, our experienced attorneys know how to investigate your case and build a strong claim for damages. We’ve successfully handled countless premises liability cases throughout Montgomery County, recovering millions in settlements and verdicts for our clients.
At Munley Law, we believe in holding negligent property owners accountable when their failure to maintain safe premises results in serious injury. Our Norristown personal injury lawyers offer free consultations to discuss your case and explore your options. […]
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Norristown Motorcycle Accident Lawyer
If you’ve been injured in a motorcycle accident, the experienced Norristown motorcycle accident attorneys at Munley Law understand what you’re facing. Our team has spent decades representing motorcycle riders throughout Montgomery County, securing substantial settlements and verdicts for our clients.
Pennsylvania motorcycle accident cases can be challenging, especially when dealing with insurance companies who often try to minimize or deny valid motorcycle accident claims. This is why it’s important to have a law firm on your side with extensive experience with this specific type of case. Since 1959, Munley Law has worked tirelessly to achieve justice for people throughout Pennsylvania.
If you’re dealing with concerns about medical bills, lost wages, or getting your bike repaired, our attorneys are ready to help. We can answer your questions, explain your options clearly, and create a plan to pursue the compensation you deserve. Get started with a free consultation with a motorcycle accident attorney today. […]
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