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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The Legal Challenges of Multi-Vehicle Truck Accidents in Bethlehem
The frequency and complexity of multi-vehicle truck accidents in Bethlehem present many difficulties that require skilled guidance by a Bethlehem truck accident lawyer experienced with multi-vehicle truck accident injury litigation. Not only can such incidents cause immediate physical and emotional trauma to victims, but navigating them requires knowledge of both state and federal law, along with sensitivity toward those impacted.
Munley Law understands the legal challenges presented by multi-vehicle truck accidents in Bethlehem and works directly with injured parties to secure maximum compensation for all their losses. Call Munley Law now for a no-committal and free consultation if you or someone close to you needs experienced truck accident representation!
Understanding Multi-Vehicle Truck Accidents
Multi-vehicle truck accidents on Bethlehem roads are among the most devastating incidents. Their sheer size and weight make these collisions far more serious than typical car collisions; contributing factors include fatigued truck drivers, […]
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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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Bensalem Uber Accident Lawyer
Understanding What to Do After an Uber Accident in Bensalem, PA
Uber offers a convenient solution for both residents and visitors wanting to explore Bensalem, but accidents can happen. When navigating the complex legal landscape following an Uber accident, you want a Bensalem Uber accident lawyer who is not only familiar with our community but also deeply versed in the intricacies of personal injury law.
Our Munley Law personal injury team is a leading force in the Bensalem and Philadelphia Uber accident realm, standing out as a prominent advocate for those injured in rideshare collisions. With our vast experience in personal injury law and deep understanding of the specific regulations and complexities involved in rideshare accidents. We provide top-notch legal representation that is both aggressive and compassionate.
Our attorneys at Munley Law are committed to holding responsible parties accountable and securing the maximum compensation for our clients. […]
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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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