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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Williamsport Bus Accident Lawyer
If you or a loved one has been involved in a bus accident in Williamsport, you understand confusion and distress. Seeking the right legal assistance is crucial. As experienced Williamsport bus accident lawyers, we are here to guide you through every step of the legal process if you were injured in a bus accident as a bus passenger, the occupant of another vehicle, a pedestrian, or a cyclist. Contact Munley Law Personal Injury Attorneys today for a free, no-obligation consultation.
What Causes a Bus Accident in Williamsport?
Bus accidents in Williamsport can occur due to a variety of reasons. Understanding these causes is essential in determining liability and seeking justice. Common causes include:
- Driver Negligence: The negligent actions of either the bus driver or another car driver can involve distracted driving, fatigue, or failure to adhere to traffic laws. […]
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The Role of Truck Maintenance and Mechanical Failures in Bethlehem Trucking Accidents
Truck accidents in Bethlehem can have devastating repercussions. While multiple factors contribute to these unfortunate occurrences, one often overlooked factor is truck maintenance issues or mechanical malfunction. Understanding their role and how Munley Law, as an experienced Bethlehem truck accident lawyer, can assist with these complex matters can give you the edge in your case.
If you or a loved one were injured in a truck accident in Bethlehem and suspect that a preventable mechanical or maintenance failure was to blame, learn how a Bethlehem truck accident lawyer can guide you through the legal process.
Truck Accidents Due to Failure to Maintain a Commercial Vehicle
Truck maintenance is critical to protect truck drivers and other road users. Regular and thorough checks serve as the front line against potential incidents that might otherwise arise.
Routine brake inspections, tire pressure checks, […]
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Bethlehem Bus Accident Lawyer
Buses are generally safe and efficient. But not always. In 2022 alone, there were over 461 accidents involving a commercial bus and an additional 274 involving school buses in Pennsylvania. What happens if you or a loved one is injured while a passenger on a bus? What happens if a bus crashes into your car or onto your property? An experienced Bethlehem bus accident attorney can make sure that you aren’t forced to deal with the aftermath of a bus accident alone.
Buses are an easy and economical option to get around. As a passenger, be it within Bethlehem, the greater Lehigh Valley, or across the Northeast, buses are an accessible public transportation option. Even if you don’t personally take the bus, you share the road with them.
Why Do I Need a Lawyer?
After a bus accident, […]
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How Long Does It Take To Settle A Personal Injury Case in Easton, Pennsylvania?
The length of time needed to settle a personal injury claim varies substantially based on a number of variables. It may take a few months to many years to settle a personal injury case with an experienced Easton personal injury lawyer. This is because each of these cases has its own set of circumstances and is intricate in nature. It is critical to comprehend the many phases of a personal injury lawsuit settlement as well as any potential influences on how long the procedure may take.
Understanding Personal Injury Cases in Easton, PA
A person filing a personal injury claim aims to get paid for the financial, psychological, and physical harm they have endured as a result of the carelessness or deliberate conduct of another.
Because handling a personal injury lawsuit can be challenging, speaking with a knowledgeable Easton personal injury attorney is important. […]
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Navigating Uninsured and Underinsured Motorist Claims in Pennsylvania
Navigating the aftermath of a car accident in Pennsylvania can be challenging, particularly if it involves an uninsured or underinsured motorist. Knowing your rights and understanding the complexities associated with any claims made against these parties is 
paramount in order to receive fair compensation, and this is where an experienced Pennsylvania car accident lawyer becomes invaluable.
Munley Law understands the difficulties and frustrations you may experience when handling uninsured/underinsured motorist claims. These claims can leave you feeling helpless, vulnerable, and uncertain of the steps necessary to secure your financial future. Our aim is to offer guidance and support during this journey so that no one feels isolated by their struggle alone.
What Are Uninsured and Underinsured Motorist Claims?
Understanding uninsured motorist coverage and underinsured motorist claims can be the key to protecting your rights following a car accident in Pennsylvania. […]
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