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
Norristown Medical Malpractice Lawyer
Medical mistakes in Norristown healthcare facilities can lead to severe injuries, mounting medical expenses, and lost wages. When medical negligence upends your life, the Norristown medical malpractice lawyers at Munley Law fight to protect your rights and secure the compensation you deserve. Our experienced attorneys have represented Montgomery County clients 
against major healthcare providers throughout Pennsylvania for 65 years.
Medical malpractice victims often feel powerless against large healthcare institutions and their insurance companies. Munley Law levels the playing field. Our legal team handles the legal process, from gathering medical records to consulting with specialists, while you focus on recovery.
We work with leading medical experts to investigate your case and prove negligence. Our board-certified trial attorneys have secured millions in verdicts and settlements for victims of medical malpractice in Montgomery County.
If medical negligence has harmed you or a loved one, contact our Norristown personal injury law firm for a free consultation. […]
Read MoreMore information about Insurance
Norristown Truck Accident Lawyer
The Norristown truck accident lawyers at Munley Law are ready to protect your rights after a devastating collision on our local roads. Every day, commercial trucks thunder through Norristown’s major arteries, from the busy Pennsylvania Turnpike to Ridge Pike’s commercial corridor, where these massive vehicles routinely cross paths with local traffic. When 80,000-pound tractor-trailers collide with passenger vehicles, the results often prove catastrophic, leaving families to face devastating injuries, mounting medical bills, and complex legal battles against powerful trucking companies.
When a crash like this upsets your life, it takes a specific type of lawyer to make things right again. Most personal injury lawyers handle car crashes, but few have the experience or the resources to successfully handle commercial truck cases. At Munley Law, our truck accident attorneys have spent decades representing Pennsylvania residents in heavy truck and tractor trailer accident cases, securing the compensation families need to rebuild their lives. […]
Read MoreMore information about Insurance
Norristown Car Accident Lawyer
Car accidents in Montgomery County can turn a routine day into a devastating experience marked by physical injuries, emotional trauma, mounting medical expenses, and extended periods of lost income. The Norristown car accident attorneys assist local residents following vehicle collisions, focusing on obtaining the compensation necessary for you to rebuild and move forward with your life.
Injuries from car accidents can create financial and emotional challenges that extend far beyond the moment of impact. Whether you’re dealing with minor injuries or facing long-term rehabilitation, our attorneys have the skill and dedication to investigate your case thoroughly and negotiate successfully. We examine every detail, from police reports to medical records, to build a strong claim that addresses your specific circumstances.
At Munley Law, our Norristown personal injury lawyers work on a contingency fee basis, which means you pay nothing unless we win your case. If you’ve been injured in a car accident in Norristown, […]
Read MoreMore information about Insurance
Norristown Uber Accident Lawyer
Although rideshare services like Uber provide convenient transportation, car accidents can happen anytime, and they can leave you with significant damage. A Norristown Uber accident lawyer can help if you’ve been injured in a rideshare crash. Unlike traditional car accidents, rideshare crashes often involve complications like multiple insurance policies, corporate interests, and unclear liability. At Munley Law, our rideshare accident attorneys have the expertise and success rates to handle these complex cases and ensure you get the compensation you deserve.
For 65 years, the award-winning legal team at Munley Law has helped injured car accident victims throughout Montgomery County handle the challenges of rideshare accident claims. We understand the unique aspects of Uber and Lyft accidents, from changing insurance coverage based on the driver’s status to dealing with large corporate legal teams. Whether you were a passenger, a driver, or hit by a rideshare vehicle, […]
Read MoreMore information about Insurance
Product Liability Lawyer
Every day, we depend on consumer products to live. From the vehicles we drive to the medications we take to the toys our children play with, we hope these goods have been designed, manufactured, and sold with the utmost care. Unfortunately, the products we rely on most are at risk of being dangerous or defective. If you or a loved one were hurt due to a dangerous or defective product, call the product liability lawyers of Munley Law.
For 65 years, Munley Law has represented victims in their most complex personal injury claims. Our experienced product liability lawyers have been named among the Best Lawyers in America, selected to Pennsylvania Super Lawyers, and are board-certified by the National Board of Trial Advocacy. With a track record of securing multi-million dollar settlements and verdicts, working with a personal injury attorney from Munley Law can make all the difference in your product liability lawsuit. […]
Read More
