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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Stroudsburg Tanker Truck Accident Lawyer
If you were hit by a tanker truck in Monroe County, contact the Stroudsburg tanker truck accident lawyers at Munley Law Personal Injury Attorneys for a free legal consultation
If you are in the Stroudsburg area, and have been injured in a tanker truck accident, Munley Law Personal Injury Attorneys is here for you. A crash involving a fuel truck, water truck, or other large commercial vehicle should only be handled by a law firm with extensive experience and a strong record of success with these types of cases. Our attorneys have dealt with trucking companies and their insurance companies for decades; let us put our experience to work for you.
Get started with a free, no-obligation consultation.
First and foremost, we will answer your questions and help you navigate this difficult time. If you choose to hire our firm, we will get to work immediately to investigate your accident, […]
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Dog Bite Lawyer
If you were attacked by a dog, contact a dog bite lawyer at Munley Law Personal Injury Attorneys for a free consultation.
Any type of animal attack can be devastating. Often, the victim of an animal bite will have both physical and emotional scarring. This is where our experienced dog attack attorneys can help.
For over 60 years, the lawyers at Munley Law Personal Injury Attorneys have represented injury victims, including dog bite victims, throughout Pennsylvania. We understand how complicated these cases can sometimes be and are ready to answer any questions you may have about your case.
Most homeowners’ and renters’ insurance policies cover bite injuries, so let us help you recover the damages you deserve for your scarring, pain and suffering, medical bills, and lost wages from your injury.
Our injury attorneys have recovered millions of dollars in settlements and verdicts for our clients. […]
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Cancer Misdiagnosis Lawyer
If a doctor fails to diagnose a patient with cancer, the consequences can be life-threatening. Even a delayed diagnosis may be the difference between life and death.
If you or a family member have suffered because of a doctor’s incorrect or missed diagnosis of cancer, you may be entitled to pursue a medical malpractice lawsuit. A cancer misdiagnosis lawyer at Munley Law Personal Injury Attorneys will review the details of your situation, answer your questions, and help you determine what to do next. Our medical malpractice lawyers have recovered millions of dollars on behalf of individuals and families who have suffered due to medical negligence. We have consistently been named among the Best Lawyers in America, and we have earned the highest client satisfaction ratings possible. To speak with a cancer misdiagnosis lawyer now, fill out our email form, or call us. […]
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How Much Can Someone Sue for a Car Accident?
In general, there is no limit to how much you can sue someone for a car accident. However, there are factors that may limit how much compensation you will recover in a lawsuit. Things like the severity of the injuries, the extent of the other party’s negligence and the coverage of insurance policies will all limit what you can recover.
How Much Can a Car Accident Victim Sue For?
Car accident victims can sue for economic and noneconomic damages depending on the severity of the wreck. The only way to really maximize the total compensation a victim may be awarded is by utilizing the legal representation of a car accident lawyer.
Potential compensation a car accident victim may be awarded include:
- Medical expenses
- Lost wages
- Diminished earning capacity
- Property damage
- Pain and suffering
- Loss of consortium
- Wrongful death
What will be awarded will also depend on the severity of the crash. […]
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Where Do Most Fatal Car Accidents Occur?
According to the National Highway Traffic Safety Administration (NHTSA), most fatal car accidents happen within 25 miles of your home. However, not only does being close to home increase the likelihood of being involved in a fatal crash, so too can the type of community you reside and commute in and the roadways you most frequently traverse increase your risk.
No matter where your car accident occurred, if you or a loved one suffered injuries or death in a car accident, you may be eligible for compensation. A Munley Law Personal Injury Attorneys car accident attorney can help you determine the cause of your accident, and calculate what damages you may qualify for.
Where Do Most Car Accidents Happen?
Car accidents can happen anywhere at any time. However, while many of us may think that driving through cities and urban highways with heavy traffic are the most likely to get into a fatal car accident, […]
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