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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Bethlehem Bike Accident Lawyer
Our Bethlehem Bicycle Accident Lawyers Will Fight For Your Rights
With dozens of biking trails in Bethlehem, many outdoor enthusiasts pedal to enjoy the Lehigh Valley. Unfortunately, this also leaves room for injuries to occur. If you or a loved one were injured in a bike accident in Bethlehem or the surrounding areas, Munley Law is here to help.
Even with laws in place to protect vulnerable road users like cyclists, a bicycle is still no match to a passenger vehicle. With more than 60 years of experience protecting Pennsylvania’s injured, the Bethlehem bicycle accident attorneys of Munley Law understand the intricacies of personal injury law and the long-term struggles you have ahead of you following an accident.
For a no-obligation, free consultation, contact the Bethlehem bike accident lawyers at Munley Law today.
Common Causes of Bike Accidents in Bethlehem
According to the Centers for Disease Control and Prevention (CDC), […]
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Carbondale Rideshare Accident Lawyer
An accident involving an Uber, Lyft, or other ridesharing driver can have unique challenges compared to other car accidents. When determining fault and compensation in a rideshare accident, all parties need to consider whether the rideshare driver did cause the accident, whether they were “on duty” when the accident occurred, and whether the rideshare company insurance or the driver’s insurance will have to pay.
If you’ve been in an accident in Carbondale involving a rideshare driver, reach out to the rideshare accident attorneys at Munley Law right away. We can help you answer your most critical questions and seek the compensation you deserve. With over 60 years of fighting for the injured in Pennsylvania, we have the experience you need to obtain justice. Call Munley Law today to get in touch with an experienced rideshare accident lawyer.
How a Carbondale Rideshare Accident Attorney Can Help You
Hiring an attorney after a car accident is crucial to maximizing your chance of success in your case, […]
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Reading Lyft Accident Lawyer
Lyft accident attorneys have deep insights into the intricate insurance claims and legal difficulties surrounding a rideshare collision with a Lyft driver in Reading, PA. Whether it’s unpeeling the layers of Lyft’s multifaceted insurance coverage or unraveling liability issues involving third-party drivers, an experienced attorney will carefully examine every detail to ensure you receive the justice and fair compensation you deserve.
A Lyft accident lawyer’s primary goal is to maximize your recovery while vigilantly protecting your rights. They’ll conduct a thorough investigation, identify all responsible parties, and aim to hold them fully accountable. With their expertise in streamlining the claims process, these legal advocates handle the intricacies, allowing you to concentrate on recovering from your auto accident.
A dedicated rideshare accident attorney at Munley Law provides the best opportunity for a favorable resolution, whether negotiating with insurance companies or representing you in court. […]
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Philadelphia Spinal Cord Injury Lawyer
Our Philadelphia spinal cord injury lawyers at Munley Law have the knowledge, experience, successful track record, and resources to get you the compensation you deserve. There are no upfront costs for our representation — we can look over your spinal cord injury case with a no-obligation free consultation and help you decide the best path forward — contact us today.
How Can a Spinal Cord Injury Lawyer Help Me?
Spinal cord injuries are complex. Often, people do not properly seek the medical care needed at full capacity and do not realize the financial, physical, mental, and emotional long-term aftermath that spinal cord injuries create. At Munley Law Personal Injury Attorneys, our spinal cord injury lawyers are knowledgeable and experienced with what these cases entail, with the attention and care you and your family need.
A spinal cord injury attorney can help you the following ways:
- Interact with insurance companies and assist in filing and managing claims. […]
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Reading Catastrophic Injury Lawyer
If you are a victim of a catastrophic accident due to someone else’s negligence, the trauma from the accident can be overwhelming. The mental, physical, and financial stress can escalate quickly, and it is not the sort of thing that one prepares for. An experienced Reading catastrophic injury attorney is key to ensuring that you get the compensation necessary to help you and your family move forward after a catastrophic injury. Munley Law’s Reading catastrophic injury lawyers know that the time after an accident is the most difficult for catastrophic injury victims and their families, and we are here to fight for you and to support you. We are confident about our representation and our success rate, and we are compassionate about how financially vulnerable our clients feel.
What Are Catastrophic Injuries?
Catastrophic injuries affect your quality of life and are typically long-lasting, […]
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