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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Philadelphia Head-On Collision Lawyer
A head-on collision is one of the most destructive types of car accidents you can experience in your life time. From physical injuries to mental anguish, a car accident can be a life-altering experience. If you or a loved one has been injured in a head-on collision, or if you have lost a loved one due to injuries sustained during a head on motor vehicle crash, a Philadelphia head-on collision lawyer is here to help.
At Munley Law Personal Injury Attorneys, our Philadelphia car accident lawyers have been helping accident victims for more than 60 years. Contact us today for a free consultation.
Philadelphia is home to some of our state’s most famous and popular landmarks and destinations. A busy hub for industry, home to one of America’s oldest shipping centers, The Port of Philadelphia, which is the heart for some of the east coast’s busiest maritime commerce. […]
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What Happens If I Am At Fault for A Car Accident?
What Options Are Available for At-Fault Car Crash Drivers?
Being involved in an accident can be a terribly stressful situation. Many of us consider ourselves safe drivers, but sometimes accidents happen. If you are at fault completely or partially for a car crash, you may wonder what legal options you have.
If you were found at fault for car accident, there are certain steps you should take to protect your claim. There may be a possibility that someone else may be more at fault for the accident, but an investigation will be needed. A car accident lawyer at Munley Law Personal Injury Attorneys can help.
How Can I Prove Who is At Fault After a Car Accident?
Getting into an auto accident is a stressful time. Chances are you may not even remember what happened prior to the accident. […]
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Philadelphia Drunk Driving Accident Lawyer
A Philadelphia Drunk Driving Accident Attorney Will Fight for the Injured
When someone chooses to drink and drive, they risk the lives of everyone around them. If you have been injured in a car accident with a drunk driver, the law is on your side. If you or a loved one has been injured in a Philadelphia drunk driving accident, it’s important to seek legal advice to ensure you receive fair compensation for your losses.
At Munley Law Personal Injury Attorneys, our experienced legal team is committed to providing you with the dedicated legal representation and compassionate guidance you need during this difficult time. With decades of combined experience and a thorough understanding of Pennsylvania drunk driving laws, our Philadelphia drunk driving accident lawyers have the resources and knowledge to fight for your rights and get you the best possible outcome. Contact the Philadelphia car accident lawyers at Munley Law Personal Injury Attorneys today for a free consultation. […]
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What Are the Steps in a Personal Injury Lawsuit?
If you’ve been injured in an accident due to someone else’s negligence, you need an experienced personal injury attorney with a successful track record to help win your case. Knowing the detailed steps to a personal injury lawsuit will keep you be well-informed about what can make proper compensation a reality. These cases can be complex, especially if the specifics of your personal injury case involve many parties, long-term medical care, or other nuances. Proving negligence will be key to your case, and your best chance in being justifiably compensated can be met by working with a personal injury lawyer.
Munley Law Personal Injury Attorneys has been helping accident victims for more than 60 years; we specialize in personal injury cases and our attorneys have tried thousands of personal injury lawsuits. Munley Law Personal Injury Attorneys has the knowledge, the power, and the expertise to get you what you deserve. […]
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Who Determines Fault in a Car Accident?
Parties Who Determine Fault in Car Accident
If you’ve been injured in a car accident, one of the first things you might think is “That was not my fault!” Once the immediate stress of the accident wears off you might start wondering, “But how do I prove that? Can I prove that? Who actually determines the fault in a car accident?” Fault is not necessarily decided by one party. Rather, the police report, your insurance company, and sometimes the other driver play a role in determining fault in car accidents.
In order to recover compensation for damages in an auto accident, you should consult an experienced car accident lawyer. The team at Munley Law Personal Injury Attorneys has decades of experience helping the victims of car accidents and we’re here to offer a free consultation and free case review today. If you or a loved one has been involved in an accident, […]
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