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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Pittston Personal Injury Lawyer
Injured in an Accident in Pittston? Call Munley Law Personal Injury Attorneys Today.
If you or a loved one were the victim of an accident caused by someone else’s negligence in Pittston PA or the Wyoming Valley area, you are likely worried about taking the proper steps to preserve your rights. You may be questioning if the insurance company’s offer will be enough to cover your losses, whether or not you’ll lose your job, or how you’ll keep up with all of these medical bills in the meantime.
These questions are common and can leave many personal injury victims worried about their long-term recovery. This is why we urge you to contact a Pittston personal injury lawyer from Munley Law Personal Injury Attorneys as soon as possible to learn what options are available.
For more than 60 years, Munley Law Personal Injury Attorneys has been helping accident and injury victims throughout Pennsylvania and in Pittston with their personal injury claims. […]
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Mehoopany Personal Injury Lawyer
Mehoopany Personal Injury Attorney: Munley Law Advocates for Your Rights
Accidents can profoundly impact one’s life, leading to personal injuries that demand legal attention. The role of the Mehoopany personal injury lawyer is pivotal. Munley Law takes charge of every step, from thorough investigations and evidence gathering to challenging negotiations with insurance companies. Well-versed in local laws, they efficiently cut through legal complexities, ensuring clients are on a path to a fair and just settlement. Munley Law becomes the ally, advocate, and defense against the overwhelming world of personal injury law.
What is Personal Injury Law?
Personal injury law is a legal term that allows victims who have been harmed due to negligence or intentional actions to file a lawsuit. From vehicular accidents to medical malpractice, this wide-ranging field aims to restore the injured party to their pre-incident condition through monetary compensation, […]
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Nanticoke Personal Injury Lawyer
Nanticoke, Pennsylvania, is a town built upon its rich tapestry of history and strong sense of community. However, accidents do happen even within such close-knit environments, leading to personal injuries that disrupt lives and cause significant distress. At such moments it becomes essential that Nanticoke residents understand the role that personal injury law in Nanticoke plays – whether an accident occurs on one of the busy streets near Luzerne County Community College or one of Nanticoke’s tranquil hiking trails having appropriate legal representation can help navigate their aftermath effectively.
If you have been injured due to someone else’s negligence in Nanticoke, you need an advocate who understands your struggles and will fight on your behalf for just compensation. The experienced Nanticoke personal injury lawyers at Munley Law will help in getting compensation awarded quickly so you can heal quickly and move on with life. Reach out now for a complimentary consultation, […]
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Pittsburgh Personal Injury Lawyers
A serious accident can upend your entire life. You shouldn’t have to navigate this experience alone. A Pittsburgh personal injury lawyer can help you and your family get the justice and the compensation you need.
We are plaintiffs’ lawyers who exclusively handle serious personal injury cases. When it matters most, you need a personal injury firm you can trust. No injury firm in Pittsburgh is more qualified to protect your rights. Call today for a free consultation.
Types of Pittsburgh Personal Injury Case We Handle
Every injury matter is unique. Speaking with a seasoned personal injury attorney will help accident victims start the process toward receiving the compensation you are legally entitled to for your injuries. We will assess your circumstances, respond to any inquiries you might have, and assist you in deciding what further to do. […]
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Lower Merion Personal Injury Lawyer
In the wake of a personal injury claim, securing an experienced Lower Merion personal injury lawyer to represent your interests is imperative. Navigating the complex legal landscapes that surround personal injury claims requires a nuanced understanding that only seasoned professionals can provide. In Lower Merion, an area renowned for its picturesque surroundings and vibrant community as part of part of the Philadelphia Main Line, residents have the privilege of accessing top-tier legal representation through Munley Law.
Munley Law emerges as a beacon of hope, armed with a team of adept Lower Merion personal injury attorneys ready to fight tirelessly for your rights. With an unyielding commitment to justice and a proven track record of successful case resolutions, choosing a personal injury lawyer in Lower Merion is synonymous with entrusting your case to Munley Law.
If you or a loved one were hurt due to the negligence of another, […]
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