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
Chester Personal Injury Lawyer
When accidents shatter lives, the Chester personal injury lawyers at Munley Law fight to make things right. The physical and emotional toll of an injury can be devastating – mounting medical bills, lost wages, and overwhelming stress take their toll on you and your loved ones. Our accident attorneys bring decades of proven experience and a fierce family legacy of advocating for the injured in Chester and throughout the Philadelphia suburbs. We don’t just handle cases – we get life-changing results and the maximum compensation you deserve when someone else’s negligence causes you harm.
What Sets Our Personal Injury Attorneys Apart in Chester, PA
When choosing an injury lawyer, you need someone who understands your challenges and is willing to fight for you. At Munley Law, we’ve spent generations helping accident victims get the justice they deserve. Our attorneys are board-certified trial lawyers who know how to take on tough cases and fight for our clients every step of the way. […]
More information about Insurance
Wrongful Death Attorneys
When you lose a beloved family member or spouse, our wrongful death attorneys understand that no amount of money can truly compensate for your loss. However, financial compensation can ease your burdens and help provide future security for your family. Knowing that those responsible for your loss have been held accountable can also bring some peace of mind. If you suffered the loss of a family member due to an accident or an act of negligence, Munley Law can help you pursue legal action to hold the negligent party accountable.
We have helped hundreds of families like yours obtain justice, even against powerful entities. For 65 years, our wrongful death lawyers have fought for families and individuals who have lost a family member due to someone else’s wrongful action. We understand the pain you and your loved ones are going through at this time and will fight on your behalf so you can concentrate on putting the pieces back together again. […]
Read MoreMore information about Insurance
Allentown Medical Malpractice Lawyer
At Munley Law, our experienced Allentown medical malpractice lawyers are dedicated to helping malpractice victims of medical mistakes and medical neglect to secure justice and compensation. When you or a loved one suffers harm due to the negligence of a medical professional, the consequences can have devastating long-term, even lifelong effects.
Contact Munley Law firm today to schedule a free consultation. There is no fee unless we win your medical malpractice cases.
The Role of Allentown Medical Malpractice Attorneys
When you or a loved one has been a victim of medical malpractice, navigating the legal process can be overwhelming. Here are some key reasons to hire an experienced Allentown medical malpractice attorney from Munley Law:
- Investigation and Evidence Gathering: We have the resources to conduct thorough investigations, […]
More information about Insurance
Chances of Winning a Wrongful Death Settlement
The sudden loss of a loved one can be emotionally and financially devastating, making a wrongful death lawsuit a viable option for many families. Understanding the legal process and the factors that can affect the chances of winning is crucial before proceeding with a claim.
Understanding the Chances of Winning a Wrongful Death Settlement
Many plaintiffs find that, depending on the circumstances of their case, there is a high likelihood that they will reach a settlement. Several factors can influence the chances of success in a wrongful death claim, including the strength of the evidence, the clarity of liability, and the presence of any contributing negligence. Additionally, the experience of your legal representation can significantly impact the outcome. Recent data indicates a more favorable outcomes for plaintiffs in wrongful death lawsuits in Pennsylvania.
A wrongful death attorney who is well-versed in wrongful death cases can help advocate for your rights, […]
Read MoreMore information about Insurance
What Happens If You’re in an Accident with a Rental Car?
When you’re in an accident with a rental car, the last thing you need is more stress trying to figure out insurance coverage. You likely have multiple layers of protection available. Your auto insurance may cover the incident, the rental company’s optional coverage could kick in, and even the credit card you used to rent the vehicle might provide insurance benefits.
If you’ve been hurt in a rental car accident, don’t hesitate to reach out to a car accident attorney at Munley Law who can guide you through this challenging time. They’ll work hard to protect your interests and help you get the compensation you deserve while taking the burden of dealing with multiple insurance claims off your shoulders.
Who Covers a Rental Car Accident?
When you’re involved in a rental car accident, there can be several sources of coverage. […]
Read More
