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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Pittsburgh Hit and Run Car Accident Lawyer
If you’ve been Involved in a Pittsburgh hit and run accident, the expert car accident lawyers at Munley Law are here for you. Contact us for a free consultation today.
Pittsburgh is often rated one of the best places to live in Pennsylvania. It offers a mix of both urban and suburban amenities, quality schools, and is often considered a safe and all around nice place to live. Even still, hit and run accidents can happen anywhere; Pittsburgh is no exception.
If you or a loved one was involved in a hit and run accident, you don’t have to navigate the aftermath alone. A hit and run lawyer can help you and your family recover the compensation you deserve to start moving forward.
What is a Hit and Run Accident? 
A hit and run accident generally occurs when the at fault driver leaves the scene of an accident. […]
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Can You Sue For Wrongful Death In A Motorcycle Accident Claim?
Are you wondering if you can sue for wrongful death in a motorcycle accident claim? Losing a loved one in a tragic accident is devastating, and seeking justice for their untimely death is an important step towards closure.
In this article, our motorcycle accident lawyers will explore the possibilities of filing a wrongful death claim in the context of a motorcycle accident.
When it comes to wrongful death claims in motorcycle accidents, understanding the legal process is crucial. To successfully sue for wrongful death, you will need to establish negligence on the part of the responsible party. This means proving that their actions or lack of action directly caused the accident and subsequent death.
It may involve gathering evidence such as witness testimonies, accident reports, and expert opinions to build a strong case. Additionally, each state has its own set of laws and statutes of limitations that govern wrongful death claims. […]
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Drowning Accident Lawyer
If Someone You Love Drowned in a Tragic Accident, Munley Law Personal Injury Attorneys Can Help.
Swimming pools are great fun and can be a relief on hot summer days. But what many families fail to realize is just how dangerous a swimming pool can be. For more than 60 years, Munley Law Personal Injury Attorneys has helped victims of unintentional drowning and their family members. Let us help you get the justice you deserve for your loss.
Understanding drowning laws and pool owners’ responsibilities is key for drowning accident lawyers. Our premises liability attorneys are experts in the laws that apply to drowning accidents. We provide FREE consultations and are ready to discuss your or your loved one’s drowning accident. Call our drowning accident attorneys today, chat with us, or use our online contact form.
How Often Do Drowning Accidents Occur? […]
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How Long After a Car Accident Can You Sue in Pittsburgh?
Navigating the aftermath of a car accident can be overwhelming, especially when it comes to understanding your legal rights. You may be considering legal action but are unsure of the timeline to pursue a lawsuit. In Pennsylvania, specific laws define this period, known as the statute of limitations. Understanding this time constraint is crucial as it determines your ability to seek justice and potentially receive compensation. This article will guide you through the ins and outs of the statute of limitations for car accidents in Pittsburgh.
If you are involved in a car accident in Pittsburgh, your first action should be to contact a Pittsburgh car accident lawyer as soon as possible. Munley Law can help you with your claim and get you the compensation you deserve.
Negligence, Duty of Care, and Liability in Car Accidents
To understand car accident lawsuits, […]
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Can You Sue For A Rear-End Motorcycle Collision?
Have you ever heard the saying, “It’s better to be safe than sorry”? Well, when it comes to rear-end motorcycle collisions, that adage couldn’t be more true. Being involved in a rear-end collision on your motorcycle can be a terrifying experience, leaving you with not only physical injuries but also emotional trauma.
But what if the accident wasn’t your fault? Can you sue for a rear-end motorcycle collision?
The answer is yes, you can. In fact, if you were following the rules of the road and the other driver was negligent or reckless, you have every right to seek compensation for your damages and hold them accountable for their actions.
When it comes to rear-end motorcycle collisions, determining liability can be a complex process. However, with the right evidence and legal knowledge, you can build a strong case and increase your chances of success. […]
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