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.
More information about Insurance
Cement Truck Accidents
Few types of accidents on the road are more destructive or more frightening than a crash with a cement truck. When you’ve been hurt in a cement mixer truck accident, you need a special kind of lawyer to help you collect financial compensation and make you whole again. A cement truck accident lawyer at Munley Law Personal Injury Attorneys can stand by your side and make sure you receive every penny you deserve. The consultation is free, and we don’t get paid unless we win your case.
Our experienced truck crash lawyers are certified in Truck Accident Law by the National Board of Trial Advocacy, and attorneys from Munley Law have twice led the American Association for Justice’s Trucking Law Group. Our legal team has the experience and understanding of truck accident law to take our client’s cases to trial and to negotiate forcefully with insurance companies on their behalf. […]
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Experienced Rideshare Accident Attorney
The rideshare accident lawyers at Munley Law have been at the forefront of protecting accident victims’ rights since rideshare services first transformed transportation. While Uber and Lyft offer convenience at your fingertips, they’ve also created complex legal challenges when accidents occur. For 65 years, our award-winning car accident attorneys have recovered millions for clients injured in rideshare accidents across the nation.
Our experienced personal injury attorney brings unmatched expertise to your rideshare accident claims. With multiple board-certified attorneys, Munley Law’s legal team understands the intricate challenges these cases present. Our accident lawyers have successfully handled hundreds of rideshare accident claims, helping rideshare accident victims navigate complicated insurance policies, determine liability, and secure maximum compensation for their injuries.
With decades of experience and a track record of multi-million dollar verdicts, Munley Law’s rideshare accident attorneys have the resources and expertise to take on major rideshare companies and their insurers. […]
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Scranton Motorcycle Accident Lawyer
If you or someone in your family was involved in a motorcycle crash caused by another driver, you need a Scranton motorcycle accident lawyer to get you compensation for your injuries. Motorcycle riders face a higher risk of severe injury and death than other motorists, and you need an experienced attorney to speak with the insurance company on your behalf so you can focus on your recovery.
The Munley Law Personal Injury Attorneys team can fight for what you deserve and help you recover. The consultation with our Scranton personal injury lawyer is free, and we don’t charge anything for our services unless we win your case. Call us today to get started.
Why You Need a Motorcycle Accident Lawyer in Scranton, PA
When you’re facing the consequences of a motorcycle accident in Scranton, the road to recovery can seem daunting. […]
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Hazleton Motorcycle Accident Lawyer
If you or a loved one has been injured in a motorcycle accident in Hazleton, our Hazleton motorcycle accident lawyers should be your first call. Motorcycle accidents in Hazleton often result in catastrophic injuries. An injury victim will be facing months of medical treatment, resulting in lost wages and financial debt. Don’t deal with the insurance company on your own — our injury lawyers are here to help.
Munley Law has decades of experience advocating for motorcyclists and ensuring they receive the compensation and justice they deserve. Don’t hesitate to contact our Hazleton personal injury lawyers today for a free initial case evaluation.
How a Hazleton Motorcycle Accident Attorney Can Help
The aftermath of a motorcycle accident or an auto accident of any kind can be a stressful, hazy, overwhelming time. You need to be able to focus on your physical and mental recovery and getting back to the life you love. […]
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Levittown Personal Injury Lawyer
Getting injured in an accident can be very hard. You’re dealing with injuries and medical bills and trying to figure out what to do next. A Levittown personal injury lawyer can help you during this tough time and ensure you get the compensation you deserve.
Types of Injury Claims We Handle in Levittown
As a Levittown personal injury law firm, Munley Law has successfully handled personal injury cases in Pennsylvania for 65 years. Below are some of the most common types of injury claims our law offices handle in Bucks County:
Car Accidents
Car accidents are among the most common causes of personal injuries and cause big hurdles for people. A Levittown personal injury lawyer can help you deal with insurance claims, medical bills, and the complex legal process to ensure you receive fair compensation for your injuries, pain and suffering, […]
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