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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What Steps Should I Take After a Truck Crash in Easton, PA?
Suppose you have been in a truck crash. In that case, there are steps you should take immediately following the truck accident and in the days and hours after, such as exchanging information, seeking medical attention, and notifying your insurance company. The most important step is contacting an Easton truck accident lawyer immediately to start the claims process.
If you were involved in a truck accident in Easton or anywhere in the Lehigh Valley, our Easton truck accident attorneys are here to help. Contact Munley Law to schedule a free consultation.
What Should I Do After a Truck Accident?
Right after a truck accident in Easton, Pennsylvania, your first steps should be collecting evidence, getting medical attention for your injuries, and consulting a truck accident attorney. A step-by-step process is as follows:
- Check for Injuries: Check yourself, passengers, […]
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What Are the Types of Wrongful Death Claims in Allentown?
Wrongful death claims can take a variety of forms. Some of the most common occurrences that can result in a wrongful death claim include motor vehicle accidents, fall accidents, pedestrian accidents, and more. Each of these fatal accidents requires a unique approach when filing a wrongful death lawsuit, and working with an experienced Allentown wrongful death attorney who is familiar with Pennsylvania law is one of the best ways to set yourself up for success.
What Are the Grounds for Filing A Wrongful Death Claim?
Every death is a tragic loss, but not all of them are grounds for a wrongful death claim. Wrongful death lawsuits require specific circumstances and fall into a specific category of personal injury cases.
There are two types of court proceedings in the US: criminal and civil. Criminal suits occur when someone has broken the law, […]
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Erie Pedestrian Accident Lawyer
Pedestrian accidents can be harrowing. When a vehicle collides with an unprotected pedestrian, the pedestrian is at a higher risk of serious injury. Common injuries from these accidents include broken bones, spinal cord injuries, and, in the worst of cases, even wrongful death. If you or a family member has endured an accident of this nature, or if you’ve experienced the absolute tragedy of having a family member killed in a pedestrian accident, it’s important to remember that you have rights. Working with an experienced Erie pedestrian accident lawyer who can assist you in seeking compensation and holding the at-fault party (or at-fault parties) responsible is almost always your best path forward.
Should I Hire a Pedestrian Accident Attorney in Erie, PA?
If you or a loved one has sustained pedestrian accident injuries, you may be wondering whether you need to work with a lawyer. […]
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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. […]
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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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