Insurance

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

What Can I Do to Protect My Rights After a Car Accident in Wilkes-Barre?

If you or a loved one are involved in a car accident in Wilkes-Barre, Pa., you need to understand what your rights are to protect yourself and any potential lawsuit you may have going forward. Your first step is to contact an experienced Wilkes-Barre car crash lawyer at Munley Law to start the claims process and to get your legal questions answered. Contact us today to schedule a free consultation.

How Do I Protect My Rights After a Car Accident in Wilkes-Barre, PA?

Following a car accident in Wilkes-Barre, you are likely stressed, emotional, and unsure what your next move should be–especially if you were not at fault. The Wilkes-Barre car accident lawyer of Munley Law Personal Injury Attorneys is here to help you protect your rights and process a car accident claim or personal injury lawsuit. […]

Wilkes-Barre Nursing Home Abuse Lawyer

If you suspect that a loved one has suffered mistreatment in a Luzerne County assisted living or long-term care facility, a Wilkes-Barre nursing home abuse lawyer at Munley Law can help you hold the facility accountable. Our experienced nursing home neglect attorneys have fought on behalf of victims and their families for 65 years. We believe it is unacceptable for elders to suffer abuse and neglect simply because of their vulnerability.

If you know or suspect someone you love has been mistreated in their retirement facility, call or fill out our online form for a free consultation today. One of our personal injury lawyers will review your situation at no cost to you.

The Common Types of Nursing Home Abuse in Wilkes-Barre, PA

Nursing home abuse” is a blanket term that describes a range of harms. The first step to stopping abuse or neglect of assisted living facility residents is recognizing the signs and symptoms. […]

Wilkes-Barre Birth Injury Lawyer

A Wilkes-Barre birth injury lawyer can help you seek justice if your child has suffered due to medical negligence. If a doctor acted negligently and caused your child to suffer a birth injury, you may be able to file a medical malpractice claim against them. By filing an insurance claim or civil suit, you may be able to collect compensation to pay for treatment, therapy, and even ongoing care costs. Our birth injury lawyer in Wilkes-Barre can review your case and help you understand your rights for compensation on behalf of your child.

Call Munley Law today or fill out an online form to schedule a free consultation.

When is a Birth Injury Considered Medical Malpractice in Wilkes-Barre?

Birth Injury Lawyer Many people believe that if their child suffers an injury during birth, the doctor is automatically liable. Sometimes, […]

Wilkes-Barre Distracted Driving Accident Lawyer

If you or a loved one has been injured in a distracted driving accident in Wilkes-Barre, your first step is to hire a Wilkes-Barre distracted driving accident lawyer. You’re likely facing physical pain, emotional trauma, mounting medical bills, lost wages from missed work, and drastic changes to your daily routine. In the most heartbreaking cases, you may have even lost a family member. During this challenging time, the last thing you need is the added stress of battling with insurance companies and navigating a complex legal system to secure the financial resources necessary for your recovery.

An experienced Wilkes-Barre car accident lawyer at Munley Law can review and manage your car accident case and fight to ensure you receive what is due. Contact us for your free consultation — we do not collect a fee for our services unless we win your case. […]

What Causes Most Car Accidents To Happen in Wilkes-Barre?

Wilkes-Barre is located near several heavily traveled roads, such as I-81, the Pennsylvania Turnpike, Route 11, and the Cross Valley. Unsurprisingly, the number of car accidents in Wilkes-Barre has steadily increased in recent years. Knowing where most car accidents occur in Wilkes-Barre can you be more alert when traveling in these areas.

If you or your loved one were a victim of a car accident in Wilkes-Barre, Pennsylvania, you may have the right to compensation. The Wilkes-Barre car accident lawyers at Munley Law have extensive knowledge of Pennsylvania law, various insurance policies, and the Pennsylvania court system. Call today for a free consultation with one of our expert car accident lawyers. We will guide you through the claims process and do everything in our power to ensure you receive the maximum compensation for your injuries.