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.
More information about Insurance
Experienced Rideshare Accident Attorney
The rideshare accident lawyers at Munley Law have been at the forefront of protecting accident victims’ rights since rideshare services first transformed transportation. While Uber and Lyft offer convenience at your fingertips, they’ve also created complex legal challenges when accidents occur. For 65 years, our award-winning car accident attorneys have recovered millions for clients injured in rideshare accidents across the nation.
Our experienced personal injury attorney brings unmatched expertise to your rideshare accident claims. With multiple board-certified attorneys, Munley Law’s legal team understands the intricate challenges these cases present. Our accident lawyers have successfully handled hundreds of rideshare accident claims, helping rideshare accident victims navigate complicated insurance policies, determine liability, and secure maximum compensation for their injuries.
With decades of experience and a track record of multi-million dollar verdicts, Munley Law’s rideshare accident attorneys have the resources and expertise to take on major rideshare companies and their insurers. […]
Read MoreMore information about Insurance
Hazleton Motorcycle Accident Lawyer
If you or a loved one has been injured in a motorcycle accident in Hazleton, our Hazleton motorcycle accident lawyers should be your first call. Motorcycle accidents in Hazleton often result in catastrophic injuries. An injury victim will be facing months of medical treatment, resulting in lost wages and financial debt. Don’t deal with the insurance company on your own — our injury lawyers are here to help.
Munley Law has decades of experience advocating for motorcyclists and ensuring they receive the compensation and justice they deserve. Don’t hesitate to contact our Hazleton personal injury lawyers today for a free initial case evaluation.
How a Hazleton Motorcycle Accident Attorney Can Help
The aftermath of a motorcycle accident or an auto accident of any kind can be a stressful, hazy, overwhelming time. You need to be able to focus on your physical and mental recovery and getting back to the life you love. […]
Read MoreMore information about Insurance
Levittown Personal Injury Lawyer
Getting injured in an accident can be very hard. You’re dealing with injuries and medical bills and trying to figure out what to do next. A Levittown personal injury lawyer can help you during this tough time and ensure you get the compensation you deserve.
Types of Injury Claims We Handle in Levittown
As a Levittown personal injury law firm, Munley Law has successfully handled personal injury cases in Pennsylvania for 65 years. Below are some of the most common types of injury claims our law offices handle in Bucks County:
Car Accidents
Car accidents are among the most common causes of personal injuries and cause big hurdles for people. A Levittown personal injury lawyer can help you deal with insurance claims, medical bills, and the complex legal process to ensure you receive fair compensation for your injuries, pain and suffering, […]
Read MoreMore information about Insurance
New York Truck Accident Lawyers
Truck accidents can be devastating, leading to severe injuries, significant property damage, and life-altering consequences. At Munley Law, we understand the physical, emotional, and financial toll these accidents can take on survivors and their families. Our team of experienced New York truck accident lawyers is dedicated to helping guide you through the personal injury law system to secure the fair compensation you deserve.
If you or a loved one has been injured in a truck accident or lost a family member to a wrongful death, you don’t have to face the aftermath alone. Contact the New York truck accident lawyer at Munley Law today for a free consultation and let us help you on the path to recovery.
Why Truck Crash Survivors Trust Munley Law Personal Injury Attorneys
Not all personal injury law firms have what it takes to handle a serious truck accident successfully. […]
Read MoreMore information about Insurance
Easton Personal Injury Lawyer
Have you or a loved one been involved in an accident that resulted in catastrophic injuries? An Easton personal injury lawyer from Munley Law can help.
If you’ve been injured due to someone else’s negligence in the Lehigh Valley, an Easton personal injury lawyer can help you navigate the legal process and fight for the compensation you deserve. With their expertise and dedication, they can guide you through this challenging time, ensuring your rights are protected and you receive the support you need to recover.
Call the Easton personal injury lawyers of Munley Law today for a no-obligation free consultation.
What Does a Personal Injury Lawyer Do in Easton, PA?
A personal injury lawyer assists individuals injured due to someone else’s negligence, ensuring they receive the compensation they deserve. Their role encompasses a variety of tasks, starting with a thorough investigation of the incident. […]
