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 Wrongful Death Lawyer
No amount of money can make up for the loss of a family member. However, financial compensation can alleviate the financial burdens you may be facing and provide future security for you and your family. The knowledge that those responsible for your loss have been held accountable can provide peace of mind.
If you have lost a loved one in Easton due to an accident or an act of negligence, the Easton wrongful death lawyers at Munley Law can help you hold the at-fault party accountable. We have helped hundreds of families like yours obtain justice in Easton and Pennsylvania, even against powerful entities.
Why Do You Need an Easton Wrongful Death Lawyer?
A wrongful death is a death that is caused by negligence on the part of another person or company. Negligence is a legal term with a unique definition in personal injury law, […]
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Hazleton Construction Accident Lawyer
Construction is a hazardous industry with many risk factors for serious injury. These workplace accidents can happen quickly and unexpectedly, with severe, potentially life-long consequences. If you have suffered an injury after a construction accident, you need a construction accident attorney on your side who will help you get the compensation you need.
At Munley Law, our construction accident attorneys are highly experienced in handling these types of personal injuries for victims in Hazleton and throughout Pennsylvania. Our lawyers know how to navigate the complex worker’s compensation system and negotiate with any involved parties. We know how to identify the at-fault parties in your case and ensure they are held accountable.
The stakes are high after a construction accident. Let Munley Law give you the strongest odds for the maximum compensation you are owed. Reach out to our Hazleton construction injury law firm today for a free case consultation. […]
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Philadelphia Texting While Driving Accident Lawyer
Texting and driving is one of the most pervasive and most dangerous forms of distracted driving we see today. Philadelphia drivers who text at the wheel rear-end other motorists on the Schuylkill Expressway or hit pedestrians in the crosswalk in Center City.
There are multiple types of distraction: manual, visual, and cognitive. Texting while driving encompasses all three; it takes your hand off the wheel, your eyes off the road, and your mind off the task at hand. There’s little wonder that hundreds of thousands of injuries result from this behavior each year. Many of those injuries prove fatal.
If you or your family member were hit by a driver who was texting behind the wheel, you deserve justice. A Philadelphia texting while driving car accident lawyer can represent you and hold the at-fault person responsible.
Call or contact us online today to schedule a free consultation with a Philadelphia texting and driving accident attorney at Munley Law Personal Injury Attorneys. […]
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Philadelphia Tractor Trailer Accident Lawyer
A tractor trailer accident can bring your life to a crashing halt. In that instant, everything can change, and the future can suddenly appear uncertain. No one should have to experience this alone. A tractor trailer accident lawyer can stand by your side and ensure you receive the help you need and obtain the compensation you deserve.
According to the Pennsylvania Department of Transportation, there were 231 heavy truck-related crashes that resulted in injuries in 2022 in Philadelphia County, more than any other county in Pennsylvania. If you or someone you love was injured by a tractor trailer in Philadelphia or the surrounding counties, the rapid-response truck accident team at Munley Law can help make things right.
Contact the Philadelphia tractor trailer accident lawyers at Munley Law Personal Injury Attorneys for a free consultation today. We will listen to you, answer your questions, […]
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What Is the Statute of Limitations For a Car Accident in Allentown?
Suppose you’ve been involved in a car accident in Allentown, Pennsylvania. In that case, you likely have numerous questions and concerns about your rights regarding your car accident case, your personal injury claim, what you are entitled to for compensation, and more. After an auto accident, knowing how much time you have to file your car accident claim is essential. At Munley Law, our Allentown car accident lawyers understand the complexities that accident victims face, and we are here to provide the guidance and legal support you need.
What is the Statute of Limitations on a Car Accident in Allentown?
When filing car accident claims in Allentown, you must be aware of the statute of limitations – the window within which you must initiate legal proceedings. Understanding this timeframe is essential for protecting your rights and ensuring you can seek the compensation you deserve. […]
