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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Defective Seat Belt Attorney
The function of a seat belt, lap belt, or safety belt is to keep you safe during a car accident. Wearing seat belts is required on the road because of how effective a quality seat belt can be. However, seat belts may cause or fail to prevent injury when they’re defective.
Have you recently sustained injuries you believe resulted from seat belt failure? Compensation for your losses may be available if so. Discuss the matter with a legal professional representing victims of seat belt failure.
At Munley Law, we have the experience necessary to show how a faulty seat belt caused the injuries for which you deserve compensation. Learn more about how we can help by contacting our product liability attorneys today for a free case evaluation.
Understanding Seat Belt Failures and Your Legal Rights
Defective seat belts can take many forms. […]
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Scranton Medical Malpractice Attorney
For 65 years, Scranton medical malpractice lawyers have represented victims throughout Scranton in their medical malpractice claims. We hold negligent medical professionals accountable and get you the compensation you need to recover from your injuries.
If you or a loved one were a victim of medical malpractice, call the Scranton medical malpractice attorneys of Munley Law to schedule a free consultation.
What a Scranton Medical Malpractice Lawyer Can Do for You
Studies suggest that one in three medical providers will be sued for medical malpractice at some point in their careers. We often think that these cases involve very rare, complex scenarios, but the reality is that they can be as simple as incorrect prescription dosage or a bad diagnosis. While this may seem unsettling for medical professionals, as a patient, it’s even more concerning knowing that these avoidable mistakes happen with an alarming frequency. […]
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Scranton Truck Accident Lawyer
For 65 years, the Scranton truck accident lawyers at Munley Law have been helping truck accident victims in Scranton, PA. Our team includes three board-certified truck accident attorneys who understand the complexities of these cases and the challenges you face.
Don’t navigate this difficult time alone. Our knowledgeable lawyers will guide you through the legal process, ensuring your rights are protected and fighting for the compensation you deserve. Time is critical in accident cases. Contact Munley Law today for a free consultation. Let us put our expertise to work for you.
Hiring a Truck Accident Attorney in Scranton, PA
A truck accident lawyer focuses on helping injury victims obtain compensation from various parties responsible for the victim’s losses, including the truck driver, trucking company, and third-party brokers. It is important to hire a truck accident attorney promptly after the trucking accident to protect your rights, […]
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Lower Macungie Twp. Personal Injury Lawyer
If you’ve been injured in an accident in Lower Macungie Township, PA, you understand the emotional, physical, and financial challenges that can follow. At Munley Law, we know the toll that personal injuries can take on victims and their families. Our experienced Lower Macungie Township personal injury attorneys are committed to helping the injured get the compensation they deserve.
Our PA law firm has over six decades of experience handling complex personal injury cases. From construction accidents to birth injuries, we know what it takes to win a personal injury lawsuit. If you’ve been injured due to someone else’s negligence, contact Munley Law for a free consultation. We’ll review your case and guide you through the legal process to ensure that you recover the maximum compensation possible for your injuries.
Personal Injury Cases Our Lawyers Handle in Lower Macungie Twp., PA
At Munley Law, […]
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Emmaus Personal Injury Lawyer
At Munley Law, we know how life can change instantly due to a personal injury. Whether you’ve been in a car accident, hurt in a workplace incident, or suffered because of medical negligence, these injuries can take a serious toll on your health and finances due to lost work and medical expenses, as well as your peace of mind. Our experienced personal injury lawyers in Emmaus, PA, are dedicated to helping victims recover the compensation they deserve. From motor vehicle accidents, motorcycle accidents, and truck collisions to slip and falls and wrongful death claims, we have the skills and resources to handle a wide variety of cases. We’re here to fight for your rights and make sure that justice is served.
Contact Munley Law’s Allentown personal injury law offices today for a free case evaluation. Let us guide you through every step of your claim. […]
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