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

Allentown Drunk Driving Accident Lawyer

A drunk driving car crash can cause serious injuries and suffering. Victims may face mounting medical bills, lost time at work, or other unexpected expenses. As an injured person, you want to focus on getting well. Fortunately, victims of drunk driving accidents can recover damages from the at-fault driver. An experienced Allentown drunk driving accident lawyer can focus on seeking compensation from the at-fault driver’s insurance company while you focus on your recovery.

If you were injured in a car accident in the Lehigh Valley, an Allentown car accident lawyer at Munley Law can help. We are happy to discuss the legal process and your rights. Call an Allentown accident attorney today for a free, no-obligation consultation.

How an Allentown Drunk Driving Accident Attorney Can Help

Allentown Car Accident Attorney Chris Munley After motor vehicle accidents, […]

Allentown Premises Liability Lawyer

An Allentown premises liability lawyer can help if you’ve been injured due to unsafe conditions on someone else’s property. Property owners are responsible for keeping their properties safe and adequately maintained for visitors and patrons. If a property owner is aware of a dangerous condition, they also must warn people about the potential hazards. The Allentown premises liability attorneys at Munley Law represent those injured due to hazardous conditions at someone else’s home or business. If negligence contributed to your injury, we can help you recover the compensation owed under the law.

Chat live, fill out our email form, or call today for a free consultation with an Allentown premises liability lawyer at Munley Law Personal Injury Attorneys. We do not get paid unless we win your case.

What a Premises Liability Lawyer in Allentown Can Do For You

allentown premises liability lawyer If you or a loved one suffered an injury on someone’s property or place of business in Allentown, […]

Fatal Truck Accidents in Allentown, PA

If someone in your life has been involved in a fatal truck accident, an Allentown fatal truck accident lawyer is here to help. Our experienced team will work around the clock, fighting on your behalf and ensuring you never feel alone. When a fatal truck crash occurs, everyone involved is affected, but no one more so than the victim and their family and loved ones. We cannot change this course of events, though we wish we could, but we can offer support and legal guidance as you seek justice.

You may wish to file a truck accident lawsuit, which we can explore together. When you work with an experienced truck accident lawyer in Allentown, you set yourself and your family up for success in achieving the justice and compensation you so very much deserve.

The Causes of Fatal Truck Crashes in Allentown, PA

Tanker Truck Accident According to the Federal Motor Carrier Safety Administration, […]

Allentown Bicycle Accident Lawyer

More and more cities, Allentown included, are working to make traveling by bike easy, safe, and common. But what happens if you or a loved one is injured in a bike accident? It’s important that you contact an experienced Allentown bike accident attorney right away. The right attorney can help you recover compensation to cover your medical bills, damage to your bike, and more.

How Can An Allentown Bike Accident Attorney Help

Allentown bicycle accident attorney The right bike accident attorney will always work to ensure your rights are protected in the wake of an accident.

Of course, lawyers are familiar with fighting bike accident cases in court. But, sometimes, the best option is to resolve a dispute well before a formal lawsuit.

Whether you’re fighting with an insurance company or an individual party involved in the accident, getting a lawyer involved early can help get the case resolved faster. […]

Dunmore Personal Injury Lawyer

Are you hurt in a Dunmore, Pennsylvania accident? You may feel overwhelmed and unclear about what to do after a car accident, slip and fall, or other type of accident. Physical pain, increased medical expenditures, and lost pay are stressful. Don’t face this alone. A qualified Dunmore personal injury lawyer can represent you and help you navigate the legal procedure. They can explain your rights, gather evidence, negotiate with insurers, and get you reimbursement.

What Are the Types of Personal Injury Claims in Dunmore?

Dunmore personal injury lawyer Personal injury law, which is also called tort law, is the area of law that deals with injuries that an individual may sustain because of someone else’s carelessness or action. The goal is to make people whole again after someone else’s crime hurts them physically, emotionally, or financially.