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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Erie Lyft Accident Lawyer
Logging into the Lyft app to get a ride home has become a convenient and safer way for residents and visitors of Erie to get to and from their destinations. However, the increased use of rideshare programs like Lyft and Uber have also caused an increase in Lyft accidents. If you or a loved one were injured in a rideshare vehicle or involved in a collision with a rideshare driver, call the Erie Lyft accident lawyers of Munley Law.
Our rideshare accident attorneys can help you navigate the claims process when you are involved in a wreck with a Lyft driver.
Why Do You Need a Lyft Accident Attorney?
Like any personal injury claim, you never have to hire an attorney. However, going through the legal process alone can prevent you from getting the compensation you need for your injuries.
With a Lyft car accident lawyer, […]
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Erie Car Accident Lawyer
Car accidents are an unfortunate part of life. However, that doesn’t mean you must deal with the aftermath alone. When you’ve been hurt in a car accident because of another driver’s negligence, you need an Erie car accident lawyer from Munley Law.
For decades, we have represented personal injury victims across Pennsylvania, including those in Erie County. Call Munley Law for a no-obligation, free consultation.
Do I Need to Hire an Erie Car Accident Attorney?
You are not legally required to hire an Erie car accident attorney for your claim, but there are benefits to doing so. With an experienced attorney, you can rest assured knowing that you are following the legal process precisely as you should, maximizing your total compensation.
Complex Cases Call For Experienced Car Accident Lawyers
While some car accidents are straightforward, such as a minor fender-bender at a red light, […]
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Can I still pursue a claim if the hit and run driver is never found?
In Pennsylvania, hit and run accidents are an unsettling concern for drivers and pedestrians alike. The prevalence of hit and run accidents makes Pennsylvania residents question the safety of our roads. Every year, numerous individuals become victims of these incidents, and beyond the immediate trauma, they are left grappling with overwhelming emotional distress and mounting financial burdens.
These accidents don’t just leave physical scars; they imprint deep emotional wounds. This is magnified when the victim does not know who the culprit is and cannot bring them to justice. For many, medical bills pile up, wages are lost, and car repairs become an unforeseen expense, creating a spiraling impact on personal finances. As you are going through this storm, an urgent question lingers: Can you still pursue a claim if the at-fault driver remains unidentified?
Legal Perspective on Hit and Runs in Pennsylvania
In Pennsylvania, […]
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Bethlehem Drowsy Driver Accident Lawyer
Get a Free Consultation With a Qualified Bethlehem Auto Accident Attorney
Bethlehem, Pennsylvania, has bustling roads and highways often frequented by busy truckers. Highways like Interstate 78 and Route 22 are key arteries for trucking and passenger vehicle traffic, potentially increasing the likelihood of accidents involving drowsy drivers. When fatigued, truckers and passenger vehicle drivers pose significant risks to road safety. If you find yourself a victim of such a situation, it’s imperative to seek a free consultation with a skilled, drowsy driving attorney who can help navigate the complex legal landscape and potentially assist in obtaining rightful compensation for damages. Our experienced and successful personal injury team at Bethlehem’s Munley Law can help steer your quest to seek the compensation you deserve.
Understanding Drowsy Driving Accidents
Understanding drowsy driving involves recognizing its potential dangers and far-reaching impacts. It’s a condition where a driver, […]
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Bethlehem Hit and Run Accident Lawyers
When you or your loved one are injured in a car or pedestrian accident, the last thing you should worry about is whether the liable driver remains at the scene. Hit and run accidents are unfortunately too common in Bethlehem, and fleeing the scene can amount to a felony hit and run.
Bethlehem is filled with cultural and artistic attractions, including SteelStacks, the National Museum of Industrial History, and the Lehigh & Keystone Valley Model Railroad Museum. Combined with the major highways that surround the Lehigh Valley and the busy roads that cut through, the influx of drivers makes hit and run accidents more likely than ever.
Whether you are driving downtown, parked to visit an attraction, or are a pedestrian, navigating a hit and run accident is challenging.
Munley Law’s Bethlehem hit and run accident lawyers are ready to take on your case. […]
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