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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Allentown Pedestrian Accident Lawyer
For 65 years, pedestrian accident victims throughout the Lehigh Valley have trusted the Allentown pedestrian accident lawyers at Munley Law Personal Injury Attorneys. When you or someone you love suffers a serious injury from a pedestrian accident, your choice of an accident attorney matters. You want an Allentown pedestrian accident lawyer with the knowledge, resources, and compassion needed to get you the maximum amount of compensation you need following such a devastating accident.
Our award-winning team won’t rest until you and your loved ones get the justice you deserve. We understand your concerns and are ready to do whatever it takes to make sure you are properly compensated. Fill out our contact form or call today to schedule a free consultation today a pedestrian accident attorney.
The Importance of Hiring a Pedestrian Accident Lawyer in Allentown
The aftermath of a pedestrian accident is often a complex web of legal, […]
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Wilkes-Barre Car Accident Lawyer
If you were in a car accident in Wilkes-Barre, PA, you must speak to a Wilkes-Barre car accident lawyer as soon as possible. They can give you legal advice and help you get the most compensation you’re entitled to.
Munley Law is well-versed in the legal aspects of car accidents and understands the unique characteristics of Wilkes-Barre’s highways and traffic patterns, providing unparalleled service to our clients. If you were involved in a car accident anywhere in Luzerne County, don’t delay. Contact Munley Law to speak with our car accident lawyer. The first consultation is free, and we do not get paid until we win your case.
Why You Need a Wilkes-Barre Car Accident Attorney
Car accident lawyers can get evidence to prove who is at fault, negotiate with the insurance company, and file a personal injury lawsuit on your behalf. […]
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Abington Uber Accident Lawyer
Abington, a picturesque suburb located just north of Philadelphia, is a bustling community with tree-lined streets, historical landmarks, and a growing population. As it continues to thrive, the demand for rideshare services like Uber has significantly increased. However, with this increase, the risks of rideshare-related car and truck accidents also rise. That’s where Munley Law comes into the picture. Munley Law, a renowned legal firm in the region, boasts a team of experienced Abington Uber accident lawyers who specialize in Uber and other rideshare-related cases. With their expertise, victims receive the guidance and representation they need to navigate the complexities of personal injury law. By choosing an Abington experienced car accident attorney from Munley Law, you’re not just hiring a legal professional; you’re gaining a dedicated advocate who will fight relentlessly for your rights and rightful compensation.
Hiring experienced Abington car accident lawyers can be highly beneficial for several reasons:
- In-depth knowledge of local laws: Every region has its unique set of traffic and personal injury laws. […]
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Oklahoma Truck Accident Lawyer
Oklahoma Truck Accident Lawyers are instrumental in keeping the roads safe in Oklahoma, which is a major part of America’s transportation network.
Oklahoma connects the East and West coasts, making it a critical state for commercial drivers. Major highways like Interstate 35, running north-south between Texas and Kansas, and Interstate 40, running east-west between Arkansas and Texas, are vital routes for trucks carrying goods across the country. Additionally, U.S. Route 69 runs through eastern Oklahoma, linking the state with Texas and Kansas.
Because Oklahoma is an important hub for transporting goods, truck drivers and companies must follow all road rules and restrictions. Experienced Oklahoma truck accident lawyers advocate for accident victims, making sure they get the help they need and working to keep the roads safer for everyone.
About Our Truck Accident Law Firm
Munley Law brings decades of experience handling truck crash cases, […]
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Allentown Motorcycle Accident Lawyer
When a motorcycle accident happens in Allentown, an experienced Allentown motorcycle accident lawyer can help victims deal with the serious consequences. Riders often suffer severe injuries because they have little protection. These injuries can take a long time to heal. The crash affects both the victim and their family, causing stress and money problems. A skilled lawyer can help you get fair payment for your injuries.
If you or a loved one suffered an injury in a motorcycle accident, do not hesitate to contact Munley Law for a free consultation.
How an Allentown Motorcycle Accident Attorney Can Help
Motorcycle accidents are typically caused by careless drivers more often than the riders themselves. Because motorcycles are less stable, less visible, and do not provide the same protection as an enclosed vehicle, motorcyclists are more likely to be injured or killed. In fact, motorcyclists were nearly 29 times more likely than passenger car occupants to die in a crash per vehicle miles traveled in 2019, […]
