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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Car Accident Lawyer
When you’re dealing with mounting medical bills, lost wages, and the aftermath of a serious collision, you can’t afford to work with inexperienced car accident lawyers who settle for less. Munley Law’s veteran trial attorneys have recovered millions for accident victims. We are unafraid to take on insurance companies to obtain fair compensation for our clients.
Our award-winning legal team will investigate every detail of your case. We work with top accident reconstruction professionals and refuse to let insurance companies pressure our clients into unfair settlements. We handle everything so you can focus on healing while we fight relentlessly for the full compensation you deserve. An experienced accident lawyers at Munley Law is ready to fight for you today. Getting injured in an accident can be a frightening and devastating experience, so let our accident attorneys focus on getting you compensation.
Call or chat to schedule your free consultation with our experienced legal team. […]
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What Are the 5 Most Common Causes of Wrongful Death?
Learn about the five most common causes of wrongful death, including medical malpractice and accidents, and how to protect your rights.
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What Is a Wrongful Death vs Survival Action?
Losing a loved one is always incredibly painful, but losing someone tragically and unexpectedly due to someone else’s negligence can seem impossible to navigate. If your family member was a key financial supporter of your household, your grief is likely being compounded by extreme financial stress. You may be wondering how you can put your family member or spouse to rest, pay off their medical bills, and keep your household afloat, but you may have legal recourse through wrongful death or survival claims. At Munley Law, our wrongful death attorneys can walk you through your options to seek justice for your deceased family member and obtain financial support.
Understanding Wrongful Death Claims
A wrongful death claim is a type of lawsuit that serves to compensate a deceased person’s family members for the loss they have suffered as a result of their loved one’s death, […]
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Parking Lot Pedestrian Accidents
Being hit by a car as a pedestrian can leave you seriously injured. You might expect this type of accident to happen in a crosswalk or other such setting. However, a parking lot can also be the setting of a harmful pedestrian accident.
Have you been injured as a pedestrian in a parking lot? You may be eligible for compensation if so. Contact Munley Law today for a free consultation.
The Hidden Dangers: Parking Lot Accident Statistics
A parking lot may not seem hazardous for a pedestrian. Unfortunately, parking lot accidents involving pedestrians are more common than you may realize. According to a report from a Bureau of Labor Statistics economist who studied the data, approximately 13% of all parking lot accidents involve pedestrian death. The National Safety Council has also tracked a fairly consistent rate of car accidents involving pedestrians in parking lots. […]
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Lancaster Medical Malpractice Lawyer
When you seek treatment from a healthcare provider in Lancaster, PA, you assume they will help you heal from injury and illness. You likely don’t imagine that a doctor will cause harm or that they will allow harm to befall you.
Unfortunately, healthcare providers can be negligent. If you or a loved one have struggled with injuries, illness, medical bills, and other such consequences because a medical professional was negligent, you may seek compensation by filing a medical malpractice claim or lawsuit.
Serving the area for 65 years, the Lancaster medical malpractice lawyers at Munley Law can review your case and fight for the compensation you deserve if you decide to take action. Learn more by contacting us today for a free consultation.
Understanding Medical Malpractice in Lancaster, PA
Medical malpractice occurs when a healthcare provider fails to provide a patient with the quality of care that a reasonable healthcare provider would generally offer in a given situation. […]
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