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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Upper Darby Personal Injury Lawyer
If you need an Upper Darby personal injury lawyer, Munley Law provides experienced legal representation for accident victims throughout Delaware County. Our law firm has secured millions in compensation for clients who have suffered injuries due to car accidents, workplace incidents, medical malpractice, and other instances of negligence.
Our attorneys take on all types of injury cases in Upper Darby, from medical malpractice claims to multi-vehicle accidents. We handle the investigation, documentation, and legal work while you recover. Each client works directly with a senior attorney who manages their case from start to finish.
Many of our clients come to us after trying to handle insurance claims on their own. They quickly discover that insurance companies care more about profits than paying fair compensation. We step in, take over communications with insurers, and fight to get you the money you need to cover medical care, lost income, […]
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Bensalem Spinal Cord Injury Lawyer
A spinal cord injury can transform every aspect of your life, from daily routines to future plans. At Munley Law, we’ve helped spinal cord injury victims throughout Pennsylvania secure the compensation needed for medical care, lost wages, and ongoing support. Our legal team has recovered millions for clients, with proven results in Bucks County courts.
Contact a Bensalem spinal cord injury attorney at Munley Law today for a free consultation. You don’t pay unless we win your case.
The Impact of Spinal Cord Injuries on Bensalem Injury Victims
Spinal cord injuries are serious and come with heavy physical and financial burdens. Medical bills start mounting from day one, often reaching $350,000 or more in the first year alone. Most Bensalem residents receive initial treatment at Jefferson Hospital’s Regional Spinal Cord Injury Center or Magee Rehabilitation Hospital, followed by months or years of specialized care. […]
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Paralysis Injury Lawyer
When someone else’s negligence leads to paralysis, you need clear answers about your rights and your future. Whether you were in a car accident, suffered medical malpractice, or were injured during recreation or sports, Munley Law’s paralysis injury attorneys can help.
Our paralysis injury lawyers understand that a brain or spinal cord injury can transform your life in an instant. For 65 years, Munley Law has helped paralysis victims recover the compensation needed to adapt to their new reality. We handle cases involving partial or complete paralysis that resulted from someone else’s negligence.
Our attorneys work directly with medical experts, life care planners, and economists to determine the full impact of your paralysis injury – from ongoing medical care to home modifications and lost income.
Catastrophic injuries will change your life, but Munley Law can help ensure your well-being. Contact our experienced paralysis injury lawyers today for a free consultation. […]
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Northampton County, PA – Car Crash in Easton Leads to Hospitalization
NORTHAMPTON COUNTY, PA (March 5, 2025) —— A car crash in Easton occurred on March 2, leading to the hospitalization of one person.
Northampton Communications confirmed to local media that the crash occurred around 2 a.m. on the 900 block of Butler Street.
A community member’s Facebook video of the scene shows damaged cars, including one car that appears to have been pushed on top of another vehicle.
Officials continue to investigate.
Car Accidents in Northampton County, PA
Pennsylvania’s no-fault insurance system is unique. When purchasing auto insurance, Pennsylvania drivers must choose between “full tort” and “limited tort.”
Pennsylvania also follows a modified comparative negligence standard, meaning compensation can be reduced based on your percentage of fault in causing the accident. However, you can only recover damages if you’re found to be less than 51% responsible for the crash. […]
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Lower Merion Personal Injury Lawyer
Personal injuries are, unfortunately, a fact of life, but you don’t need to suffer alone. Finding a personal injury lawyer who understands both local courts and the impact an injury can have on your life is essential—start with the Munley Law team in Lower Merion for clear guidance from day one.
Serving the Main Line for over two decades, we’ve guided hundreds of Lower Merion residents through complex personal injury claims. Many of our clients come to us overwhelmed by medical bills, unable to work, and facing pressure from insurance companies. We handle all of these burdens and more so you can focus on recovery.
Whether you’re dealing with a car accident, slip and fall, or another injury caused by negligence, the Lower Merion personal injury lawyers at Munley Law are available 24/7 to evaluate your case and explain your options clearly, without pressure or legal jargon. […]
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