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
Wilkes-Barre Premises Liability Lawyer
The Wilkes-Barre premises liability attorneys at Munley Law represent individuals who suffered severe injury or death as the result of unsafe conditions at another person’s property or place of business. We will hold the negligent homeowner, landlord, business owner, or proprietor accountable for failing to maintain adequate safety on their premises. For 65 years, Munley Law has protected the rights of injured people in Wilkes-Barre and all over Luzerne County. Let us handle the liability cases on your behalf so you can recover from your injury with peace of mind.
Chat live, fill out our contact form, or call for a free consultation with our premises liability lawyers. We do not charge a fee unless we win your case.
Compensation Available For a Premises Liability Accident in Wilkes-Barre
You have rights as a renter, customer, client, or visitor on someone else’s property. […]
More information about Insurance
Allentown Rideshare Accident Lawyer
The Allentown rideshare accident lawyers at Munley Law Personal Injury Attorneys have handled all types of car accidents in the Lehigh Valley since 1959. When you have been injured in an accident involving a driver for a major rideshare company, you need top-tier lawyers familiar with rideshare insurance rules. We represent rideshare passengers, pedestrians, bicyclists, and other drivers hit by an Uber or Lyft driver.
An experienced Allentown Lyft or Uber rideshare lawyer will fight on your behalf to help you get the compensation you deserve. Call today for a free, no-obligation consultation with an injury lawyer. We will review the details of your claim at no charge, and there is no fee for our services unless we win your case.
What To Do After An Allentown Rideshare Accident
If you have been in an auto accident as a passenger in an Uber or Lyft, […]
Read MoreMore information about Insurance
Allentown Uber Accident Lawyer
The Allentown Uber accident lawyers at Munley Law Personal Injury Attorneys know how to get you the compensation you need to recover from your injuries following an Uber accident. For over 60 years, accident victims in the Lehigh Valley have come to Munley Law Personal Injury Attorneys, where our team of accident attorneys in Allentown have earned the highest possible client satisfaction rankings and are board certified by the National Board of Trial Advocacy.
When you or your loved ones find yourselves injured in an accident with an Uber driver, or a driver for any rideshare company, anywhere in the Lehigh Valley, don’t move forward with your accident claim on your own. You should first speak with an experienced Allentown car accident attorney at Munley Law Personal Injury Attorneys, who will fight for the compensation are entitled to under Allentown law.
Why Are Uber Accidents in Allentown More Complicated? […]
Read MoreMore information about Insurance
Allentown Tractor Trailer Accident Lawyer
If you or a loved one has been involved in a tractor trailer crash, you need an experienced Allentown tractor trailer accident lawyer to ensure that you hold the driver and tractor trailer company responsible and receive adequate compensation for the serious injuries you may have sustained. Contact Munley Law for a free consultation. Our Allentown trucking accident attorneys have been helping victims of tractor trailer accidents for 65 years. There is no fee until we win your case.
What Makes Our Allentown Tractor Trailer Accident Lawyers Unique
Munley Law Personal Injury Attorneys has been defending victims of tractor trailer accidents for more than 60 years. In that time, the firm has built a national reputation as the #1 firm in the country in this area, known for fighting hard to get clients the results they deserve.
Munley is the only law firm in the United States with two attorneys who have served as chair of the American Association for Justice Trucking Litigation Group–Daniel Munley (2011-2012) and Marion Munley (2018), […]
Read MoreMore information about Insurance
Allentown Wrongful Death Lawyer
If you’ve lost a loved one in Allentown due to someone else’s negligence, an experienced and compassionate Allentown wrongful death lawyer can help. The Allentown wrongful death attorneys at Munley Law will hold the negligent party accountable. We understand what a difficult time this is. In addition to your grief, you may face sudden financial burdens and an uncertain future. Let our wrongful death law firm handle the legal process so that you can mourn your loved one with peace of mind.
Contact Munley Law today to schedule a free consultation. There is no fee until we win your accident case.
Definition of Wrongful Death Lawsuits in Allentown
When another person or organization’s negligent or careless conduct results in the death of your loved one, you may have an allentown wrongful death case. […]
Read More
