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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What Does a Wrongful Death Lawyer Do?
When faced with the tragic loss of a loved one due to someone else’s negligence or wrongful actions, understanding how a wrongful death lawyer can help becomes essential. These legal professionals specialize in wrongful death claims, guiding families through the legal process while advocating for their rights.
A wrongful death attorney helps families file their claims and build strong cases. They work diligently to gather evidence and establish who was at fault. They also fight to secure fair compensation for the family’s devastating losses. The process involves a thorough investigation of the death. They often bring in expert witnesses to strengthen the case. Throughout the process, they handle all negotiations with insurance companies.
Each element plays a vital role in building a compelling case to, ultimately, hold the responsible parties accountable. With a focus on both legal expertise and compassionate support, […]
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Reading Car Accident Lawyer
When the unthinkable happens, and you’re facing the aftermath of a car accident in Reading, a skilled Reading car accident lawyer can be your lifeline. Navigating the complex legal landscape after a crash requires expertise, finesse, and unwavering dedication. You need an advocate who understands the intricacies of Pennsylvania law, someone who can cut through the red tape and fight tirelessly for the compensation you deserve.
If you were involved in a car accident in Reading, PA, our car accident attorneys at Munley Law are ready to help. Contact us today to schedule a free consultation. There is no fee unless we win your case.
Why Reading Car Accident Victims Choose Munley Law
For 65 years, our board-certified car accident attorneys have fought for accident victims across Berks County, recovering millions in settlements and verdicts. When Reading residents need powerful legal representation, they trust Munley Law. […]
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Two Die in Truck Crash in Lehigh County, PA
Two people died, and four were injured in a tractor-trailer accident in Upper Saucon Township, PA, on December 9. According to news reports, the crash occurred before 5 a.m. on Interstate 78 eastbound, approximately one mile past exit 60 for Route 309 South/Quakertown.
Police reports say three people were trying to push a minivan out of the right lane of travel when a tractor-trailer allegedly hit the minivan before hitting another truck. One of the people pushing the minivan was killed, as well as the driver of the truck that struck the car. Both were pronounced dead at the scene.
I-78 eastbound was closed to traffic for hours as the Pennsylvania State Police and the Lehigh County District Attorney’s Office investigated the accident.
Breaking Down on the Highway: A Guide to Staying Safe
If your car unexpectedly breaks down on the highway, […]
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What is the Penalty for a Hit and Run in Philadelphia?
If you’re involved in a car accident in Philadelphia, leaving the scene can result in serious penalties, especially if someone is injured in the accident. You could be facing huge fines and potential injuries. Many times, injury victims are confused about what their legal rights are, especially if the driver is never found. Here’s what you need to know about protecting your interests and seeking compensation.
If you were involved in a car accident with a hit and run driver, our Philadelphia car accident lawyers can help Contact Munley Law today to schedule a free consultation.
Legal Obligations After a Philadelphia Car Accident
Pennsylvania law mandates that you must stop your vehicle immediately if you’re involved in an accident. You are required to exchange information with the other parties involved. This typically includes your name, address, and vehicle registration number. […]
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What is the Average Compensation for a Pedestrian Hit by a Car in Philadelphia?
Philadelphia sees hundreds of pedestrian accidents each year, with Center City and Roosevelt Boulevard being common accident sites. Being hit by a car as a pedestrian is traumatic, and understanding what compensation you might receive can help ease some of your worries. While every case is different, pedestrian accident settlements in Philadelphia typically range from $50,000 to $200,000, with some cases reaching into the millions depending on several factors we’ll explore below.
If you were involved in a pedestrian accident in Philadelphia, Munley Law is here to help. Contact our Philadelphia pedestrian accident lawyers today to learn your legal options and get your questions answered.
What Determines Compensation Amount in a Philadelphia Pedestrian Accident Case?
The size of your settlement depends on multiple factors working together. Medical bills are usually the starting point—everything from ambulance rides and emergency room visits to ongoing physical therapy is counted. […]
