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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Hazleton Personal Injury Lawyer
A Hazleton personal injury lawyer from Munley Law is your key to justice after being injured in an accident in Hazleton. Our professional attorneys fight tirelessly to protect your rights and secure compensation. Don’t face this challenge alone – schedule your free consultation today, and let us put our experience to work for you. Nosotros hablamos español.
What a Hazleton Personal Injury Attorney Can Do For You
You may have a valid personal injury claim if you have been injured due to someone else’s negligence. But do you need an attorney?
While it is possible to file personal injury claims without the professional legal advice – working with an experienced attorney is almost always the best course of action. Here are a few reasons why hiring a Hazleton injury lawyer is highly recommended:
- Knowledge and Experience: Personal injury claims can be complex, […]
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New York Car Accident Lawyer
Work with an Experienced New York Car Accident Attorney
In New York state, there are an average of 1,098 traffic accident related deaths every year; in fact, car accidents are the leading cause of injury-related death for New Yorkers. Beyond that, more than 12,000 New Yorkers are hospitalized annually for injuries from traffic accidents; this means that 61.5 out of every 100,000 people in the state are hospitalized for this reason each year. Car accidents are a harrowing experience for anyone involved, and PTSD is a common result of experiencing a serious accident. The physical, mental, emotional, and financial toll of a car accident cannot be overstated.
The good news, however, is that you don’t have to go it alone. If you or a loved one has been in a car accident in New York, you may be overwhelmed by an endless stream of questions: Will my insurance cover this? […]
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Stroudsburg Medical Malpractice Lawyer
Our Stroudsburg medical malpractice lawyer recognizes the profound impact a medical error can have on your life. While healthcare professionals are legally obligated to maintain a specific standard of care, mistakes unfortunately occur with alarming frequency in Stroudsburg, often resulting in severe injuries or even loss of life.
If you’ve been affected by a medical mistake, you don’t have to face the aftermath or financial burden alone. At Munley Law, we are prepared to help you hold negligent healthcare providers accountable. We collaborate with medical experts to determine the cause of the error and use this information to build a solid legal case on your behalf. Contact our medical negligence lawyers in Stroudsburg today to schedule a free consultation.
The Role of a Stroudsburg Medical Malpractice Attorney
Responding to and moving forward from a medical mistake is difficult. […]
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Stroudsburg Lyft Accident Lawyer
The Stroudsburg Lyft accident lawyers at Munley Law will review the specifics of your accident, answer your questions, and make sure the right people are held responsible. We can help you understand whether you are entitled to compensation for your injuries and how much you might receive. Obtaining the compensation you deserve for your injuries and losses after a Lyft or Uber accident can be complicated.
Contact our Stroudsburg rideshare accident lawyer as soon as possible for a free, no-obligation consultation to discuss the circumstances of the accident and your rights.
How Are Accidents Involving Lyft Drivers Different Than Other Car Accidents?
Because Lyft drivers are independent contractors and use their personal vehicles, Lyft accident lawsuits are different than those involving commercial vehicles such as buses or taxi services.
A Lyft accident case presents unique challenges in showing who is required to pay accident victims for their injuries. […]
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Fatal Truck Accidents in Stroudsburg, PA
A fatal truck accident is a devastating event with catastrophic consequences for the victim’s family and loved ones. If you’ve lost a loved one in a fatal truck accident, it is important to seek the advice of an experienced Stroudsburg truck accident lawyer who can help you traverse the legal process and secure the compensation you’re entitled to.
For 65 years, Munley Law Personal Injury Lawyers have been handling fatal truck accidents across Stroudsburg and the Poconos. We understand the complexities of these cases can be and work hard to help you after such a tragic event. Let us help you with your truck accident claim. Call or contact us today to schedule a free consultation.
Common Causes of Fatal Truck Accidents in Stroudsburg
According to the Pennsylvania Department of Transportation (PennDOT), in 2023 there were 138 heavy truck-related fatalities in Pennsylvania. […]
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