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
Pittsburgh Uber Accident Lawyer
When you get into an Uber, you expect to arrive at your destination, whether that be home, the office, dinner with friends, or anything in between, safely and without harm. However, the reality is that while Uber is a helpful service that’s become a daily part of many people’s lives, it’s not necessarily safer than other modes of transportation; in fact, Uber faces some specific safety challenges all its own.
Experiencing a rideshare accident scene can be extremely scary; not only are you facing the inherently traumatic experience of a car accident, but you may also not know who to turn to for help or how to get the compensation you deserve. Do you use insurance? Does Uber pay for it? Do you have to sue?
We understand that the aftermath of a car accident with a rideshare driver is an extremely overwhelming time, […]
Read MoreMore information about Insurance
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, […]
Read MoreMore information about Insurance
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’ […]
More information about Insurance
Pittsburgh Car Accident Lawyer
If you were injured in a Pittsburgh car crash, it’s time to take action
See what Pittsburgh car accident lawyers at Munley Law can do for you
Located in the western part of Pennsylvania, Pittsburgh is a vibrant city known for its rich history, stunning architecture, and thriving sports culture. Unfortunately, amid the bustling streets and highways, car accidents can occur, causing severe injuries, emotional distress, and financial burdens. When faced with the aftermath of a car accident, it’s crucial to have a skilled Pittsburgh personal injury lawyer by your side to protect your rights and advocate for your best interests.
This is where Munley Law comes in.
With years of experience as car accident lawyers and a deep understanding of local regulations, they are dedicated to providing you with the highest level of legal representation. If you suffered an injury in an Allegheny County car crash, […]
Read MoreMore information about Insurance
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. […]
Read More
