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 Drunk Driving Accident Lawyer
Were you hit by a drunk driver in Pittsburgh?
Alcohol is a factor in many of the worst car accidents that happen in and around Pittsburgh. When people choose to drive drunk, they recklessly put innocent lives in peril. Drunk driving accidents can result in serious injuries and loss of life.
If you were hit by a drunk driver in Pittsburgh, you may be facing steep medical bills, loss of income, and uncertainty about the future. The good news is that the law is on your side. Still, many car accident victims never receive the full amount of compensation they are owed because insurance companies settle their claims for less. A Pittsburgh drunk driving accident attorney at Munley Law can ensure you receive every dollar you need to make a full recovery and hold the other driver accountable. […]
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Pottsville Wrongful Death Lawyer
Our Pottsville Wrongful Death Attorneys Will Fight For Your Loved One
If you have lost a loved one in a wrongful death accident, you deserve justice. Too often, the negligence of another person or company results in fatal accidents, and when this happens the liable party needs to be held accountable. Justice for your loved one includes accountability, closure, and financial compensation for the damages and losses you and your family are suffering.
Our Pottsville wrongful death lawyer knows that a legal battle may be the furthest thing from your mind after the tragic loss of a loved one. The compassionate Pottsville personal injury lawyers at Munley Law are ready to meet with you for a free, confidential consultation. They will then shoulder the legal burden of your case so that you and your family can grieve in peace.
What is a Wrongful Death? […]
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Philadelphia Workers’ Compensation: Specific Loss Benefits
What Are Specific Loss Injuries?
Workers’ compensation coverage is PA state-mandated insurance for employees created by the Pennsylvania Workers Compensation Act. This insurance is a safety net for workers who become injured or sick as a result of job-related duties. Workers’ compensation benefits cover medical expenses due to the injury or illness and lost wages from work missed due to the injury and recovery.
While workers comp covers lost wages due to missed work, if you have suffered an injury that results in the loss of a body part or loss of function of that body part or permanent disfigurement, you may be entitled to collect a special kind of Pennsylvania workers compensation insurance known as Specific Loss insurance and this compensation is available to injured workers even if you are able to return immediately to work.
If you are a worker in Philadelphia and you have suffered serious and permanent disfigurement, […]
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Pittsburgh Workers’ Compensation: Specific Loss Benefits
Disfigurement and Specific Loss Benefits
If you have suffered a catastrophic injury at work resulting in permanent disfigurement, scarring, or loss of the use of a limb or body part, you need to know that you may be entitled to compensation.
The Pennsylvania Workers’ Compensation Act mandates employers carry workers’ compensation insurance. Workers’ compensation benefits cover medical treatment costs incurred due to a work-related injury. Workers’ compensation insurance also provides some financial relief in the form of wage loss benefits for work that is missed due to the injury and recovery.
Specific loss benefits are less common but just as important. If you are a worker in Pittsburgh and you have lost a limb, or another body part, amputation, loss of most of or all of the use of a body part including permanent vision and hearing loss you may be entitled to specific loss payments. […]
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Hazleton Workers’ Compensation: Specific Loss Benefits
What is Workers’ Compensation?
The Pennsylvania Workers Compensation Act mandates that almost all workers in PA are covered by workers’ compensation insurance.
When you are injured in a work-related incident in Pennsylvania, you may qualify for workers’ compensation benefits to cover:
- Lost wages. When you experience a work injury, you may be forced to miss time from work for recovery, hospitalization, and medical visits. Workers’ compensation insurance provides some financial relief for wages lost for missed time.
- Medical expenses. Workers’ compensation law also mandates that your employer’s workers’ compensation insurance company provide compensation payable for medical treatment directly related to your work injury.
However, if you are an injured worker in Hazleton, and you have suffered a permanently disfiguring, scarring injury or you have lost a limb or body function, you might be entitled to special financial compensation known as Specific Loss Benefits. […]
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