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
Reading Uber Accident Lawyer
A Reading Uber accident lawyer is focused on maximizing your recovery while safeguarding your rights. They’ll investigate all the facts, locate all responsible parties, and fight to make them take full accountability. With expertise in simplifying the claims process, these legal counselors handle the hassles so you can focus on healing.
Whether negotiating with insurers or taking your case to court, a tenacious Uber accident attorney in Reading, PA gives you the strongest chance at resolution and the ability to move forward after this traumatic event. Contact Munley Law today to schedule a free consultation. There is no fee unless we win your case.
Determining Liability in an Uber Accident in Reading, PA
Determining liability is rarely cut and dry when an Uber rideshare vehicle accident occurs. Multiple parties may share responsibility, including the Uber driver, if their negligent actions, […]
More information about Insurance
Reading Rideshare Accident Lawyer
The Reading rideshare accident lawyers of Munley Law know that rideshare accidents can be extremely complicated, especially when determining fault and liability. However, you have options and a right to pursue compensation for your losses and injuries. With an experienced rideshare crash attorney at your side, you will get the compensation necessary to cover your losses.
For a no-obligation, free consultation, contact the Reading rideshare accident lawyers of Munley Law. Our attorneys work on a contingency fee basis which means you pay nothing upfront and you don’t owe us a dime until your claim is settled. And, if we don’t win, you don’t pay. Time is of the essence so act quickly to begin the claims process for your Reading rideshare accident.
How a Reading Rideshare Accident Attorney Can Help
Our rideshare accident attorneys will help you file a ridesharing accident claim or take the at-fault parties to court. […]
Read MoreMore information about Insurance
The Impact of Truck Load and Size in Trucking Accidents in Reading, PA
Each day, an abundance of truckloads carrying goods of various types and loads drive along the highways surrounding Reading. Underneath this economic vitality lies a critical issue often lost amid everyday distractions: truckload and size impact on road safety. This seemingly technical element plays a fundamental role in the frequency and severity of vehicular accidents on Reading roads. Understanding such incidents requires not only logistics or traffic management skills, but legal interpretation and advocacy as well. Here is where a Reading truck accident lawyer plays an invaluable role combining legal knowledge with an in-depth knowledge of large vehicle collisions.
The Reading truck accident lawyers of Munley Law understand the impact of truckload and size in Reading accidents and will work hard to protect victims of commercial motor vehicle accidents.
The Impact of Truck Load and Size in Reading Truck Accidents
A truck’s load and size have an enormous impact on truck accidents, […]
More information about Insurance
Reading Premises Liability Lawyer
A Reading premises liability lawyer is your dedicated advocate when navigating the complex legal challenges arising from accidents on someone else’s property. Whether you’ve suffered a slip and fall in a local shopping center, been injured at a neighbor’s home, or encountered unsafe conditions in a public space, a skilled premises liability lawyer in Reading can assess your case, gather essential evidence, and build a compelling argument on your behalf. They understand the nuances of property owner responsibilities. They can effectively demonstrate how a breach of duty led to your injuries while dealing with insurance companies and opposing counsel to protect your rights and secure a fair settlement or verdict.
With more than six decades of experience and a nationwide reputation for excellence, Munley Law will fight to ensure you receive the justice and compensation you deserve. Contact Munley Law today for a free initial consultation with an injury attorney to discuss your case and learn how we can help you. […]
Read MoreMore information about Insurance
Can I Still Pursue Compensation If I Was Partially At-Fault for My Injuries?
The insurance system can be overwhelming after a car accident, especially when you are healing from injuries. As a no-fault state, Pennsylvania insurance policies generally make it a little easier to get your medical bills covered quickly regardless of who may have been at fault.
However, seeking compensation from another driver for injuries and damages can be complicated, depending on your insurance policy and the percentage of negligence you are responsible for. Partnering with an experienced car accident attorney will help you manage your claim and recover the most compensation available for you.
When Can I Seek Compensation from Another Driver?
When you can seek compensation from another driver depends on what kind of compensation you are seeking. In general, Pennsylvania’s no-fault system means that the average insurance policy does not allow you to seek compensation for medical bills or personal injuries sustained in an accident. […]
Read More
