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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Reading Burn Injury Lawyer
Severe burn injuries can have a catastrophic impact on accident victims. From the cost of medical treatment, the physical pain of the burns themself, and the emotional trauma, burn victims need support following their accident.
The Munley Law Reading burn injury lawyers understand the devastation burns can have on the victim and their family. Whether you sustained a burn from a work accident, a defective product, a house firm, or another accident, our lawyers will help you get the financial compensation you need to take care of yourself.
If you or a loved one sustained catastrophic burn injuries, call the Reading personal injury lawyers of Munley Law today for a no-obligation, free consultation.
Common Causes of Burn Injuries
According to the World Health Organization (WHO), a burn is “an injury to the skin or other organic tissue primarily caused by heat or due to radiation, […]
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Reading Misdiagnosis Lawyer
When you see a doctor, you trust they’ll figure out what’s wrong with you and give you the right medicine or treatment. Making a mistake can cause significant problems, especially if they don’t take care of a serious sickness or injury.
If you or a family member in Reading, Pennsylvania, has been misdiagnosed by a healthcare provider, you can pursue legal action.
Top Rated Reading Medical Malpractice Lawyers
Dealing with a misdiagnosis often brings both physical pain and mental pain. You put your trust in your medical provider, believing they’ll take care of you, and instead, they fail to deliver the care you need. At Munley Law, we understand that along with legal advice, you need a team that genuinely cares about your well-being. We have decades of experience with medical malpractice cases and are dedicated to seeking justice for individuals in Reading and across Pennsylvania. […]
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Suing a Neighbor for an Injury on Their Property
Property owners are responsible for keeping the property they invite others into safe. If they fail to clear the space of hazards and someone gets hurt, the injured person has the right to sue the negligent property owners responsible for their injuries.
If you or your loved one were injured on a neighbor’s property, you have the right to file a premises liability lawsuit against their insurance company. An experienced premises liability attorney at Munley Law will guide you through the claims process and help you recover fair compensation for your injuries and losses. Call today for a free consultation.
If I’ve Been Injured at My Neighbor’s Home, Can I Sue?
The short answer is, yes, you can sue if you were injured at your neighbor’s home. However, you must be able to prove the four elements of negligence to have a valid premises liability claim. […]
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3-Car Accident: Who Is at Fault?
Statistically, multi-vehicle accidents are more dangerous than two-vehicle crashes. Why? Because there are more vehicles involved, which increases the impact points. These accidents often occur on highways or major roads where vehicles are traveling at higher speeds. Three-way car accidents can trigger a domino effect and chain-reaction accident. The force of multiple impacts can result in more severe injuries to accident victims, including traumatic brain injuries, spinal cord injuries, and internal bleeding.
If you or your loved one were in a 3-car accident, you may have the right to file a car accident claim against the responsible parties. The Munley Law car accident lawyers have won millions for our clients, including a $17.5 million car accident settlement. We offer a free initial consultation where we will provide a reasonable assessment of your claim. Fill out our online contact form or call today to schedule your consultation. […]
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How Old Do You Have to Be to Bring a Personal Injury Case?
To file a personal injury lawsuit independently, you must be 18 years old in most states. However, if you’re under 18, your parents or legal guardians can file a claim on your behalf. The statute of limitations is typically paused until you reach 18, at which point you have the standard period (usually 1-3 years, depending on your state) to file. While minors can’t file directly, there’s no minimum age limit for having a case brought on your behalf – parents can pursue claims for injuries that occur at any age, from birth onward.
Personal Injury Cases and the Protections in Place for Minors
When a child is injured due to someone else’s negligence, understanding the legal process helps protect their rights and secure their future. While adults can immediately file lawsuits, the rules are different—but not more difficult—when minors are involved. […]
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