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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Pittston Product Liability Lawyer
The products we use every day should be safe, right? Unfortunately, this isn’t always the case. Each year, thousands of product liability claims are filed for defective products that cause injury to consumers. If you have been injured due to a defective product, a Pittston product liability lawyer can guide you through the legal process.
For a free consultation, contact the product liability lawyers of Munley Law.
Types of Product Liability Claims
Product liability claims arise when defective or unsafe products harm consumers. These claims can be categorized into three primary types: design defects, manufacturing defects, and marketing defects.
Design Defects
Design defects focus on a product’s design flaws that make it inherently unsafe to consumers. In these cases, the argument is that the product’s design is fundamentally dangerous, even when made to specifications. […]
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What to Do After a Lyft Accident in Stroudsburg, PA
The beauty of ridesharing services like Lyft is that they offer convenient, affordable, and reliable transportation. But, like any other mode of transportation, accidents do happen. When you get into a Lyft accident, your first steps are essential to your case. You should first hire a Stroudsburg Lyft accident lawyer to discuss your legal options and learn what your next steps should be.
Here is what you should do after a Lyft accident in Stroudsburg.
What Should I Do Right After a Lyft Car Accident?
Navigating through the aftermath of a Lyft accident in Stroudsburg, PA, can be overwhelming. If you find yourself in the unfortunate circumstance of an accident while using Lyft, your priority should be the safety of yourself and other passengers. If circumstances allow, move out of the way of further harm. Immediately following this, dial 911 to report the incident. […]
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Pittston Workers’ Compensation Lawyer
Thousands of injured workers apply for workers’ compensation coverage in Pennsylvania annually. However, just because they apply does not mean they’ll get the money they need for their work-related injury. This is where a Pittston worker’s compensation lawyer comes in. From filing an initial claim to handling appeals, workers’ compensation lawyers work tirelessly to represent workplace accident victims needing aggressive representation.
If you or a loved one suffered an injury in the workplace and need help navigating workers’ compensation laws, call Munley Law. We help accident victims in Pittston, PA, secure the benefits that are rightfully theirs.
What is Workers’ Compensation Insurance?
Workers’ compensation insurance is a critical safety net designed to protect employees who suffer from job-related injuries or illnesses. Workers’ compensation also acts as a form of accountability to employers to ensure that the workplace is safe for their employees. […]
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What Kind of Compensation Can You Receive for a Lyft Accident in Bethlehem, PA?
Being involved in a Lyft accident can leave you bewildered and uncertain about what to do next. It’s completely understandable to feel this way. However, Pennslyvania has laws to help you seek compensation for any injuries or damages incurred due to the accident. If you’re unsure about how to seek compensation, don’t worry. The Bethlehem Lyft accident lawyers at Munley Law are here to help. Let’s review the different forms of compensation that may be available to you.
Understanding Your Right to Compensation
Living in Bethlehem, knowing your legal rights is essential if you’re involved in a Lyft accident. Pennsylvania law safeguards accident victims, ensuring you can seek financial recovery for the damages you’ve incurred. This process, known as seeking compensation, allows you to claim for various losses. These could include your medical bills, loss of earnings due to your inability to work, […]
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Pittston Car Accident Lawyer
Car accidents can be life-altering, leaving victims with not only physical and emotional trauma but also a sea of never-ending legal woes. However, it doesn’t mean victims and their families need to mount the obstacles alone. By finding the right Pittston car accident lawyer, injury victims are more equipped to handle the battles they face ahead.
If you or a loved one were injured in a Pittston car accident, you need Munley Law. With decades of experience, the Pittston personal injury attorneys of Munley Law have become a trusted name amongst accident victims. Our team can guide you through the process, whether you’re working through insurance claims, seeking damages, or simply looking for guidance post-accident. Contact the Pittston car accident lawyers today for a no-obligation, free consultation.
