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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Wilkes-Barre Workers Compensation Lawyer
The Wilkes-Barre workers compensation lawyers at Munley Law have protected the rights of injured workers throughout Wilkes-Barre for almost 65 years. Our attorneys have been recognized by some of the most prestigious legal organizations for their work in workers’ compensation, including Best Lawyers in America, LawDragon, SuperLawyers, and Best Law Firms. We hold board certifications and have the knowledge and resources to fight the insurance company. We do not collect a fee until you receive the compensation you deserve.
Don’t wait too long after a workplace accident to contact an experienced work injury attorney in Wilkes-Barre. Contact us today to schedule a free case evaluation.
When to Hire a Workers Comp Attorney in Wilkes-Barre, PA
When work-related accidents happen, workers compensation is meant to cover the medical expenses and compensate for your lost wages while you’re out of work. You may collect workers’ […]
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What Damages Can I Collect for a Car Accident?
Unfortunately, car accidents happen every day on roads across America. If you’ve been injured in a car accident, you may be wondering “what damages can I collect for a car accident?”
There are a few different types of damages you may need to recover from after a car accident. You may have physical damage to your car that needs to repaired. Or maybe your car accident resulted in serious injuries that will cause pain and suffering as well as lost wages.
If want to give yourself the best possible outcome to recover damages, you need an experienced car accident lawyer by your side. At Munley Law Personal Injury Attorneys, our car accident lawyers have been helping injured car accident victims for 65 years.
If you or someone you love has been injured in a car accident and wants to know “what damages can I collect for a car accident?”, […]
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Allentown Lyft Accident Lawyer
An experienced Allentown Lyft accident lawyer can help you navigate the complexities of a car crash involving a Lyft driver. At Munley Law, we bring 65 years of expertise in personal injury and car accident claims to ensure you receive the outcome you deserve. Our team is well-versed in the intricacies of rideshare accident cases and is prepared to represent your interests. Don’t let the complications of a Lyft-related accident overwhelm you – contact us today for a free consultation.
When You Need an Allentown Lyft Accident Attorney
If you are injured in a Lyft accident, you need an Allentown Lyft accident lawyer to help with your claim. Going up against Lyft in a legal setting can be intimidating. These large and powerful companies have vast resources, so having one of our experienced rideshare accident attorneys on your side is important.
Suppose there are no injuries to any party involved in the accident and no property damage. […]
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Michigan Truck Accident Lawyer
As Michigan’s economy grows, trucking will play a crucial role in our transportation system. The state’s vast network includes major interstates like I-75, I-94, and I-96, essential for moving products within and beyond Michigan.
Unfortunately, busy roads mean truck accidents happen. When they do, it’s important to have a law firm specializing in large trucking accident cases, like the Munley Law truck accident lawyers, to help those affected by these life-changing events.
Michigan Truck Accident Attorneys
Due to the size and weight of the vehicles, these commercial truck accidents often result in severe injuries and considerable property damage. Michigan attorneys specializing in truck accidents have a deep grasp of the complex laws and regulations that specifically govern the trucking industry, including both federal and state safety standards.
When a truck accident happens, the personal injury lawyer’s role is to determine who is responsible. […]
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Allentown Distracted Driving Accident Lawyer
Distracted driving is one of the leading causes of car crashes in the U.S. If you were hit by a distracted driver in Allentown or anywhere in the Lehigh Valley, you shouldn’t have to bear the cost. An Allentown distracted driving accident lawyer at Munley Law Personal Injury Attorneys can represent you in the legal process to recover the compensation you deserve. No law firm in Pennsylvania is better equipped or qualified to win you justice.
Contact Munley Law today to schedule your free consultation with an Allentown car accident lawyer. We offer in-person as well as virtual appointments. The consultation is your opportunity to tell your story, get answers to your questions, and plan how to obtain the financial compensation you need. Call, email, or chat live with us today to get started.
What is Considered Distracted Driving?
Distracted driving refers to operating a vehicle while doing any activity that takes your attention away from driving. […]
