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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Reading Motorcycle Accident Lawyer
A Reading motorcycle accident lawyer is an essential advocate in the aftermath of a collision. Motorcyclists face unique challenges on the road, often encountering more significant risks than other vehicle operators. Their vulnerability to severe injuries and the complexities of accident liability make professional legal representation invaluable. When an accident occurs, the consequences can be life-altering, affecting the rider’s physical well-being, financial stability, and long-term quality of life.
Expert legal counsel is paramount in these situations. A skilled Reading motorcycle accident attorney from Munley Law navigates the intricacies of insurance claims, establishes fault, and vigorously pursues fair compensation. Their experience can significantly impact the outcome of a case, potentially transforming a hasty settlement into a comprehensive resolution. Insurance companies may attempt to minimize the extent of a rider’s suffering, but a dedicated accident lawyer recognizes the full spectrum of damages. From immediate medical expenses to long-term rehabilitation costs and lost wages, […]
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Hazleton Birth Injury Lawyer
At Munley Law Personal Injury Attorneys, our Hazleton birth injury lawyers know that the entire family suffers when a child sustains a birth injury. We also know that no amount of money will ever alleviate that pain. However, holding responsible parties accountable and ensuring you can afford the care your child needs can alleviate some of the stress. That’s why our Hazleton birth injury lawyers are here to take on the hospital and insurance corporations. We’ll fight for the funds your child needs while you focus on your baby’s care and healing. We are so confident in our ability to fight for your family that we won’t charge you a penny if we don’t win big.
To learn more about what it means to have a Hazleton injury lawyer from Munley Law Personal Injury Attorneys in your corner, schedule a FREE consultation today.
The Role of a Birth Injury Attorney in Hazleton
The Hazleton birth injury lawyer you choose to represent your family makes all the difference. […]
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Hazleton Wrongful Death Lawyer
Our Hazleton wrongful death lawyer at Munley Law knows there nothing is more devastating than the loss of a loved one. If that loss resulted from another person’s negligence or carelessness, the pain may be even greater. In addition to the immense grief you are feeling, you will likely also face sudden financial distress. Funeral costs, medical bills, loss of income, and more. While no amount of money can replace your loved one, a fair settlement can alleviate the burden of these costs and give you peace of mind.
Our compassionate and experienced personal injury attorneys in Hazleton have helped thousands of families like yours and we’re here to help. Chat live, fill out our email form, or call today for a free consultation with a Hazleton wrongful death lawyer at Munley Law Personal Injury Attorneys. There is no charge for our services unless we win your case. […]
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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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Can a Passenger Sue Both Drivers?
Filing a Claim as a Passenger in a Car Accident
If you have been injured in an accident, you probably have a lot of questions about your car accident case, and depending on the incident, one of them may be, “Can a passenger sue both drivers?”
When a car accident takes place, an investigation will occur in order to assign fault. Insurance companies will review the data and police report and come to a determination. Sometimes, it is a single driver who is found to be negligent and at fault; perhaps they were driving drunk or made a reckless decision.
Let an experienced motor vehicle accident lawyer at Munley Law help answer your questions today with a free consultation.
When Multiple Drivers are Involved in a Collision
Other times, two or more drivers involved can be found at fault in a car accident, […]
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