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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Easton Brain Injury Lawyer
Traumatic brain injuries can result from a car crash, a serious fall, or even a medical mistake. If you or a loved one has experienced an accident or injury resulting in head trauma in Easton, understanding your options is crucial. An Easton brain injury lawyer can be an invaluable ally in navigating the complex aftermath of a brain injury.
Contact an Easton brain injury lawyer at Munley Law for a free, confidential case review today.
What Is a Brain Injury?
Brain injuries, often complex and devastating, vary significantly in their severity and impact. They are generally categorized into two types: traumatic brain injuries (TBI) and acquired brain injuries (ABI).
Traumatic Brain Injuries (TBI): These occur due to an external force, such as a blow or jolt to the head. Common causes include falls, vehicle-related collisions, sports injuries, and violence. […]
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Easton Product Liability Lawyer
When you buy a product, you trust it to be safe and work as advertised. Unfortunately, this isn’t always the case. Sometimes, products can be defective, leading to injuries or other damages. This is where it helps to have an Easton product liability lawyer by your side to help you with your claim. These claims are a way for consumers to seek compensation when a product causes harm due to fault in its design, manufacture, or marketing.
If you were injured by a defective product in Easton, contact Munley Law to schedule a free consultation. We have more than 60 years of experience with product liability claims throughout the Lehigh Valley, and we’ll make sure you are properly compensated for your injuries.
What Are the Types of Defects Found in Product Liability Claims?
For a successful product liability case, you will need to prove that the manufacturer, […]
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The Economic and Medical Impact of Truck Accidents on Bethlehem Victims
Bethlehem, PA, has faced an increasing frequency of truck accidents, becoming a cause for concern for residents and visitors alike. These accidents represent a complex web of challenges, encompassing economic and medical elements affecting victims profoundly. In such trying times, the expertise of a Bethlehem truck accident lawyer can be invaluable.
Among the key resources for affected individuals and their families is Munley Law. Our legal professionals recognize the enormous financial toll a truck wreck can take on both victims and their families and understand its long-term repercussions could leave victims forever changed.
The Economic and Medical Impact of Truck Accidents on Bethlehem Victims
Accidents that result in injury or death of people have major financial repercussions. Estimates are that commercial truck accident that injure victims can cost nearly $150,000, while fatal ones could incur losses totaling millions of dollars.
Understanding the economic and medical repercussions of truck accidents on victims can be essential to winning your truck accident case. […]
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The Average Settlement for Car Accident Neck and Back Injury in Philadelphia
When it comes to car accidents in Philadelphia, the toll they can take on victims is often substantial. Car accidents can undoubtedly cause emotional and psychological harm, and of course, can cause great physical harm as well. To receive the maximum amount for your claim, you will need the help of an experienced Philadelphia car accident lawyer. But what is the average settlement for a neck and back injury after a car accident?
Some of the most common types of injuries for car accident victims are neck and back injuries. These types of injuries can lead to severe pain, long-term discomfort, and significant medical expenses, putting an undue financial burden on the victim as well. Understanding what constitutes an average settlement for car accident-related neck and back injuries in Philadelphia is crucial for those navigating the legal aftermath of such incidents.
Factors Influencing Settlement Amounts
When it comes to determining the average settlement for car accident-related neck and back injuries in Philadelphia, […]
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Harrisburg Rideshare Accident Lawyer
If you or a loved one has experienced a car accident involving a rideshare vehicle or rideshare driver, you have every right to seek justice and compensation for your experience. One of the best things rideshare accident victims in Harrisburg, PA, can do is seek the aid of an experienced Harrisburg rideshare accident attorney. Working with a personal injury attorney means you have someone in your corner handling all the overwhelming complexities of your accident claim so that you can focus on rest and recovery.
Contact us today for a free consultation, and learn how we can fight on your behalf as you seek compensation.
Understanding Rideshare Accidents
Common Causes of Rideshare Accidents
Understanding the common causes of rideshare accidents is essential for preventing them and determining liability:
- Distracted Driving: Like any other driver, rideshare drivers can become distracted by their smartphones, […]
