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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Lancaster Car Accident Lawyer
When facing the aftermath of a car crash, having an experienced Lancaster car accident lawyer by your side is your best line of defense and advocacy. Choosing Munley Law means combining seasoned expertise, recognized excellence, and genuine client care for Lancaster residents. With our team in your corner, navigating the legal intricacies of a motor vehicle accident claim becomes a journey you’re never alone in.
If you or a loved one were involved in a car crash, call the Lancaster car accident attorneys of Munley Law for a no-obligation, free consultation.
Common Causes of Car Accidents in Lancaster, PA
Car accidents in Lancaster are often influenced by unique local factors, ranging from challenges posed by historic narrow roads to increased traffic during peak tourist seasons. Data reveals that distracted driving, tight intersections, and adverse weather conditions have greatly impacted the area’s car accident rates. […]
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Muhlenberg Personal Injury Lawyer
The board-certified Muhlenberg personal injury lawyers at Munley Law have won millions for our personal injury clients and we are confident we can do the same for you. When you are involved in a catastrophic accident that was caused by someone’s negligence, you have the right to file a lawsuit to receive compensation.
Do not fight the insurance company on your own. Call today for a free consultation with our accident attorney in Muhlenberg Twp. We will offer an assessment of your case and start the process of recovering maximum compensation for your injuries and losses.
Types of Personal Injury Cases We Handle in Muhlenberg, PA
Our personal injury lawyers have experience handling various personal injury claims in the conference room and courtroom. Some of the most common personal injury cases in Berks County and across the United States include:
Car Accidents
Motor vehicle accidents are one of the leading causes of personal injury. […]
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Wyomissing Personal Injury Lawyer
If you’ve been injured in an accident, the experienced Wyomissing personal injury lawyers at Munley Law are here to protect your rights. For 65 years, our injury lawyers have fought tirelessly for accident victims throughout Berks County, securing millions in verdicts and settlements for our clients. Our award-winning legal team understands the challenges you face after a serious injury and will handle every aspect of your case with the dedication and skill you deserve.
At Munley Law, we treat every client like family, providing personalized attention and aggressive representation in cases involving car accidents, truck crashes, workplace injuries, premises liability, and more. You don’t have to face this difficult time alone – let our experienced attorneys fight for the full compensation you need to move forward. Contact Munley Law today for a free, no-obligation consultation. We don’t collect a fee unless we win your case.
The Role of a Personal Injury Attorney in Wyomissing, […]
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Old Forge Personal Injury Lawyer
If you or a loved one has been injured due to someone else’s negligence in Old Forge, you might be entitled to financial compensation. But where do you even start? Mounting medical bills, lost wages, and the pain of your injury can turn your life upside down. Having to figure out PA personal injury laws and your rights while dealing with these challenges alone can be overwhelming. If you have tragically lost a loved one in an accident, you might be dealing with your grief over the loss and confusion on whether to file a wrongful death claim.
With more than 60 years of experience representing clients in Northeastern Pennsylvania, our firm has a proven history of client victories in NEPA personal injury cases. Call us today to find out how we can help you.
The Types of Personal Injury Cases We Handle in Old Forge
At Munley Law, […]
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Kutztown Personal Injury Lawyer
Accidents are inevitable, but some result from negligence. While genuine accidents are unforeseeable and unavoidable, negligent injuries occur due to someone’s failure to exercise reasonable care. When someone’s irresponsibility causes harm, victims can seek compensation. A Kutztown personal injury lawyer at Munley Law can help in such cases.
Insurance companies are notorious for lowballing personal injury victims. When you have an experienced Kutztown personal injury lawyer by your side, you can rest assured that your rights will be protected. At Munley Law, our personal injury attorneys offer a free consultation to new clients. You will speak with a seasoned personal injury lawyer who will listen to your story, lay out your legal options, and guide you through the claims process. Call today for your free initial consultation.
How Can a Personal Injury Lawyer Help Me?
Dealing with an injury is stressful. […]
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