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 Catastrophic Injury Lawyer
A Catastrophic Injury Lawyer in Pittsburgh Will Fight For You
Every day, innocent people in Pittsburgh cross paths with negligent individuals or companies and suffer serious injuries. A catastrophic accident can cause injuries that can take months to recover from or leave you permanently disabled. Catastrophic injuries can disrupt your life and your family’s. When innocent people get hurt because of someone else’s negligence, the negligent party should pay for the damage they caused. A personal injury lawsuit can help you recover the compensation you need to rebuild your life and move forward. For personal injury cases involving catastrophic injuries, it’s important to have the right lawyer.
The Pittsburgh catastrophic injury lawyers at Munley Law have been representing Pennsylvanians since 1959. We have successfully recovered millions of dollars in compensation for victims of catastrophic car and truck crashes, medical mistakes, head trauma, explosions, […]
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Philadelphia Construction Accident Lawyer
Now more than ever, construction sites are popping up around Philadelphia. While that is good news for the City’s development, it also comes with risks. Almost 1,000 construction workers died on the job in 2021, and in 2020, there were 213.3 nonfatal accidents per 10,000 construction workers. Indeed, construction workers have one of the top ten most dangerous jobs in the United States. Be it a fall, falling object, electrocution, or an accident involving workplace tools, construction sites are dangerous.
If you or a loved one has been injured on a construction site, you should contact an experienced Philadelphia construction accident attorney about your options. Together, we can make sure you recover the financial compensation necessary to move forward.
What About Workers’ Compensation?
Working on a construction site, you’ve likely heard about workers’ compensation. Workers’ compensation generally provides the only remedy against an employer or coworker when you are injured in the course and scope of your employment. […]
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Pittsburgh Rideshare Accident Lawyer
Pittsburgh Rideshare Accident Lawyers: Uber and Lyft Accidents
Ridesharing services are one of Pittsburgh’s most popular forms of transportation: you call an Uber to meet your friends at a restaurant, order a Lyft to take you to the best sightseeing spots, or even use rideshare companies to get to and from work. But what if the unthinkable happens – a catastrophic car accident that leaves you with painful rideshare accident injuries and unexpected bills? If you’ve been hurt in an Uber or Lyft accident in Pittsburgh, remember one thing – you’re not alone. A Pittsburgh personal injury lawyer at Munley Law is here to help.
Munley Law is a family-owned law firm that has been serving Pennsylvania residents since 1959. Our Uber and Lyft accident lawyers have helped countless rideshare accident victims get the compensation they are entitled to under Pittsburgh law. We have a proven track record of success and are unafraid to go to trial if necessary. […]
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Philadelphia Premises Liability Lawyers
If you were injured on someone else’s property in Philadelphia, you may be entitled to compensation. Under Pennsylvania law, it is the property owner’s job to keep their guests and visitors from getting hurt. By filing a premises liability claim, people who get hurt can get money for their injuries and other losses. “Premises liability” is a type of personal injury lawsuit against the owner of a property where someone was injured.
As the injured victim, you will need to prove that the property owner was negligent. This is where a Philadelphia premises liability lawyer at Munley Law can help. If you were hurt on someone else’s property or place of business, contact a Philadelphia personal injury lawyer at Munley Law Personal Injury Attorneys for a free consultation.
How Do You Know If You Have a Premises Liability Claim in Philadelphia?
In Pennsylvania, […]
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Philadelphia Slip and Fall Accident Lawyer
If you were seriously injured in a slip and fall accident in Philadelphia, Munley Law Personal Injury Attorneys is here to help.
Slip-and-fall accidents happen when someone falls because of a dangerous situation that the property owner should have fixed. These accidents can cause serious injuries that may require medical care, and time off work.
If you or a loved one were injured in a slip and fall accident, you may have a personal injury claim. An experienced Philadelphia premises liability attorney at Munley Law Personal Injury Attorneys can explain your legal options. You may be able to get money to cover the costs of your physical injuries, lost wages, emotional pain, and other expenses.
Contact the Philadelphia slip and fall attorneys at Munley Law Personal Injury Attorneys for a free consultation.
What Is A Slip and Fall Claim?
A slip and fall accident can occur on private, […]
