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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Norristown Personal Injury Lawyer
At Munley Law, our Norristown personal injury lawyers have been helping injured people throughout Pennsylvania for over 60 years. Our knowledge, skills, reputation, and vast resources make us one of the nation’s top personal injury law firms. If you have suffered harm because of someone else’s negligence, let us help you secure justice. The process begins with a free, no-obligation consultation with one of our attorneys. Call or chat live with us today to schedule a free consultation.
Types of Personal Injury Cases We Handle in Norristown, PA
To maximize your claim’s chances of success, you’ll want to find a lawyer with experience handling cases like yours. Choosing a law firm that specializes in personal injury and has experience with your particular case type is important. These are some types of personal injury cases we have experience with at Munley Law.
Norristown Truck Accidents
Of all the many types of personal injury cases, […]
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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 car accident 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, we 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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Pennsylvania Personal Injury Lawyer
The Pennsylvania personal injury lawyers at Munley Law understand the physical, emotional, and financial toll that personal injuries can take on victims and their families. For the past 65 years, our accident lawyers have been fighting for the injured at a time when they need help the most. We believe in the power of justice and work tirelessly to ensure our clients receive the compensation they deserve. Whether you’re dealing with a truck or car accident, a work injury, or a medical malpractice claim, our Pennsylvania personal injury attorneys are here to help. Contact Munley Law today for a free consultation, and let us put our expertise to work for you. There is no fee until we win your case.
Why You Need to Hire a Personal Injury Attorney in Pennsylvania
The importance of hiring a Pennsylvania personal injury lawyer cannot be overstated. […]
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Bloomsburg Personal Injury Lawyer
If you’ve suffered an injury or lost a loved one in Bloomsburg, call a Bloomsburg personal injury lawyer at Munley Law Personal Injury Attorneys for a free consultation
If another person’s negligence caused you a serious injury in Bloomsburg, you need a Bloomsburg personal injury lawyer with a proven record of success in representing personal injury clients. Since 1959, people in Bloomsburg and throughout Pennsylvania have trusted Munley Law Personal Injury Attorneys when it mattered most. Our personal injury attorneys have been recognized among the Best Lawyers in America, Pennsylvania Super Lawyers, and the Million Dollar Advocates Forum. We have earned the highest client satisfaction and peer review ratings in the industry. We proudly represent individuals and families in Bloomsburg and all over Montour-Columbia County.
Fill out our contact form, chat live, or call today for a FREE consultation with a Bloomsburg personal injury attorney. […]
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Reading Workers’ Compensation Lawyer
If you’ve been injured on the job in Reading, Pennsylvania, a Reading workers compensation lawyer at Munley Law can be your most powerful advocate. At Munley Law, we understand the physical, emotional, and financial toll a workplace injury can take on you and your family. Our board-certified workers’ compensation attorney is committed to helping you get the compensation you need to recover and move forward with your life.
If you were injured at work and are having issues with your workers’ compensation claim, contact our Reading worker injury lawyer today to schedule a free consultation.
What Our Reading Workers’ Compensation Attorneys Can Do For You
Hiring a Reading workers’ comp lawyer can significantly improve your chances of receiving fair compensation. During your free consultation, we’ll review your case, explain your rights, answer your questions, and help you understand what benefits you may be entitled to. […]
