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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Pittsburgh Personal Injury Lawyers
A serious accident can upend your entire life. You shouldn’t have to navigate this experience alone. A Pittsburgh personal injury lawyer can help you and your family get the justice and the compensation you need.
We are plaintiffs’ lawyers who exclusively handle serious personal injury cases. When it matters most, you need a personal injury firm you can trust. No injury firm in Pittsburgh is more qualified to protect your rights. Call today for a free consultation.
Types of Pittsburgh Personal Injury Case We Handle
Every injury matter is unique. Speaking with a seasoned personal injury attorney will help accident victims start the process toward receiving the compensation you are legally entitled to for your injuries. We will assess your circumstances, respond to any inquiries you might have, and assist you in deciding what further to do. […]
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Kingston Personal Injury Lawyer
Injured in an Accident in Kingston? Call Munley Law Personal Injury Attorneys Today.
If you or a loved one have been injured in an accident in Kingston PA, you likely have many questions on your mind. How soon can I get back to work? How can I afford these medical bills? Can I hold the person who caused the accident responsible?
If you were hurt in an accident caused by someone else’s negligence, a Kingston, PA personal injury lawyer from Munley law can guide you through the process.
Our staff includes lawyers, paralegals and other professionals who are specially trained to assist in the investigation, development, negotiation, and trials of personal injury cases throughout Pennsylvania. Our Kingston personal injury lawyers have won millions of dollars in settlements and trial verdicts, including numerous multimillion-dollar cases. We are named by the U.S. […]
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Bensalem Personal Injury Lawyer
The Bensalem personal injury attorneys at Munley Law have been trusted by people throughout Pennsylvania since 1959. When it matters most, you need an advocate who will fight on your behalf, just like they would for their family. We offer free consultations without getting paid unless we win your case.
When Do I Need a Bensalem Personal Injury Attorney?
After suffering a serious injury in Bensalem, one of the first things many people ask is: do I need a lawyer? It’s true that
not every car accident or accidental fall results in a personal injury lawsuit. But if you’re seriously hurt, if the insurance company is denying your claim, or if you’re worried about the long-term ramifications of your injuries, a lawyer can help make things right.
If you’re unsure whether you need a lawyer, scheduling a free consultation can help you better understand your rights and options. […]
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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 us 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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