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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Can I Sue for a Hit and Run in Allentown, PA?
Being involved in a hit-and-run car accident can be a traumatic and frustrating experience. Not only do you have to deal with the physical and emotional aftermath of the accident, but you may also face financial burdens such as medical bills, lost wages, and car repairs. However, as a resident of Allentown, PA, you can seek compensation for your damages. With the experienced and dedicated Allentown car accident lawyer at Munley Law on your side, you can maximize your chances of getting fair compensation for a hit-and-run accident.
What Constitutes a Hit and Run Accident?
Being involved in a hit-and-run accident can be a terrifying and frustrating experience. It is a situation where a driver leaves the scene of an accident without stopping to exchange information or assist those who may be injured. In Allentown, PA, as in any other jurisdiction, […]
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How To Deal With Trucking Companies And Their Insurers in Carbondale
Truck accidents can have life-altering repercussions, often necessitating dealing with large trucking corporations and their insurance providers – entities often equipped with resources and legal teams – after an incident. Munley Law’s dedicated legal team of Carbondale truck accident lawyers strives to make sure your voice is heard as we fully compensate you for losses and suffering incurred. We help Carbondale residents effectively negotiate with these parties while upholding their rights at every turn.
Understanding Carbondale and Its Trucking Landscape
Carbondale plays a pivotal role in the trucking industry due to its strategic location as a transportation hub – numerous trucks pass through daily, adding further risk of accidents; therefore, having access to an experienced Carbondale truck accident lawyer becomes even more essential.
Carbondale’s trucking industry presents many distinct challenges and risks. Major routes through Carbondale see an overwhelming volume of heavy vehicle traffic, […]
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How to Determine Fault in a Williamsport Car Collision
Car collisions still happen frequently enough that questions about liability determination arise almost daily. Understanding Pennsylvania’s traffic laws as well as liability rules involved with car accidents becomes paramount to successfully proceeding with legal proceedings.
Our Williamsport car accident lawyers can provide essential support during times of distress and uncertainty following a car collision in Williamsport. Their local knowledge and legal expertise make them particularly helpful during such trying experiences.
Understanding Pennsylvania Car Accident Laws
Navigating the aftermath of a car collision in Pennsylvania requires knowledge of state traffic laws that play an integral part in establishing blame and legal proceedings. Pennsylvania utilizes no-fault and traditional tort systems, making establishing fault a complex yet essential process.
Under a “no-fault” system, drivers must purchase personal auto insurance to cover medical expenses and out-of-pocket losses regardless of who caused an accident. […]
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How to Determine Liability in Bethlehem Truck Collision Cases
Bethlehem roads are home to vehicles of all varieties, from SUVs and minivans to large trucks. Unfortunately, their presence poses an increased risk of serious accidents; when collisions do occur between these trucks and others, their effects can be both complex and devastating – leaving victims to understand liability in such cases beyond legal formalities; aid from an experienced Bethlehem truck accident attorney may prove invaluable during these trying times.
Munley Law can assist those involved in Bethlehem truck accidents to establish fault and prove liability.
How to Determine Liability in Bethlehem Truck Collision Cases
Locating at-fault parties and assigning liability in truck collision cases in Bethlehem is often an intricate and involved process due to all the parties and variables involved. Determining “who is at fault?” plays a central role here, shaping legal claims and the possibility of recovering damages. […]
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Bethlehem Construction Accident Lawyer
Construction jobs are some of the most dangerous in the country. If you or a loved one has been injured on a job site, contact the experienced Bethlehem construction accident lawyers at Munley Law to discuss your options. You and your family should not have to move forward alone.
Almost 1,000 construction workers died on the job in 2021, and in 2020, there were 213.3 nonfatal accidents per 10,000 construction workers. Indeed, construction workers have one of the top ten most dangerous jobs in the United States. Construction sites are dangerous, be it a fall, falling object, electrocution, or an accident involving workplace tools.
What About Workers’ Compensation?
Workers’ compensation can provide fast monetary relief after a construction site injury. Furthermore, the workers’ compensation procedure is generally the only option to recover money from your employer when you are injured in the course and scope of your employment. […]
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