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.
More information about Insurance
Williamsport Semi Truck Accident Lawyer
In a world where highways stretch across our landscapes, linking communities and commerce, it’s not uncommon to encounter the mammoth presence of semi-trucks. These behemoths of the road carry vital goods across vast distances, keeping our communities connected. Yet, with their sheer size and weight, accidents involving semi-trucks can be devastating, leaving victims grappling with immense physical, emotional, and financial burdens.
This is where the expertise of a Williamsport semi truck accident lawyer becomes invaluable. Amid chaos and uncertainty following a collision, having a legal ally who understands the intricacies of such cases can make all the difference. With a blend of professionalism, approachability, and unwavering dedication, these legal professionals are ready to guide you through the complexities of the legal process with compassion and expertise.
What Can a Semi Truck Accident Attorney Do?
A semi-truck accident lawyer supports you when you’ve collided with one of these massive vehicles. […]
Read MoreMore information about Insurance
The Importance of Legal Representation After A Motorcycle Accident In Scranton
Knowing the value of a skilled Scranton motorcycle accident lawyer is crucial if you get into a motorcycle accident in Scranton, PA. Motorcycle accidents can be life-changing, and navigating the aftermath is often overwhelming. That’s where Munley Law steps in. With years of experience in personal injury law, we understand the complexities of motorcycle accidents and are dedicated to fighting for your rights.
At Munley Law, we believe in making things suitable for our clients. Whether you’re dealing with injuries, financial burdens, or emotional trauma, our team is here to guide you through every step. We’re not just lawyers but your advocates, committed to securing your best possible outcome.
How Can a Scranton Motorcycle Accident Attorney Help?
When you’re facing the consequences of a motorcycle accident in Scranton, the road to recovery can seem daunting. […]
More information about Insurance
How Does a Williamsport Truck Accident Lawyer Investigate Your Trucking Accident?
Investigating truck accidents is far from a simple process. These inquiries require a deep grasp of commercial trucking operations, federal regulations, and local laws. One of the things that separates truck accidents from other motor vehicle collisions is the matter of liability or who is responsible for the incident. In a truck accident, liability can extend to various parties, including the truck driver, the trucking company, vendors, or even cargo loaders. To determine who is responsible for your accident, an experienced Williamsport truck accident lawyer will be needed to investigate the crash.
What Are the Causes of Most Truck Accidents in Williamsport?
The causes of most truck accidents in Williamsport can vary, but some of the most common factors include:
Driver Error
Driver error includes a range of behaviors such as speeding, […]
Read MoreMore information about Insurance
What Should You Do After a Hit and Run Car Accident in Williamsport, PA?
Each year, thousands of drivers find themselves victim to a hit and run car accident on the roadways or in a parking lot. When the initial shock ends, victims are left in battles with the insurance company, mounting medical expenses, and property damage. Knowing what to do after a hit and run car accident in Williamsport can be critical to the success of your personal injury claim.
A Williamsport car accident lawyer at Munley Law can guide you through the next steps if you were involved in a hit and run accident.
What is a Hit and Run Car Accident?
A hit and run accident is a collision involving a car, pedestrian, or piece of property where one driver flees the scene, leaving the victim without information to contact them for the next steps. Hit and run accidents differ from other automobile accidents because the victim must utilize their auto insurance alone to recoup damages. […]
More information about Insurance
Allentown Healthcare Worker Injury Lawyer
Our Allentown Workers’ Compensation Attorneys Will Fight for Your Rights
Healthcare workers are more likely than workers in other industries, such as office workers, to suffer workplace injuries. Workers’ compensation benefits exist to compensate healthcare employees suffering work-related injuries to cover medical expenses, lost wages, and other costs. An Allentown workers’ compensation attorney can help you recover maximum compensation.
If you have been injured at work in Allentown or the surrounding areas of the Lehigh Valley, Munley Law can help you understand your rights.
What Does Workers’ Comp Benefits Cover for Allentown Healthcare Workers?
In the Lehigh Valley, most employers must provide workers’ comp coverage for medical benefits and wage loss benefits needed due to job-related injuries. Under Pennsylvania law, injured workers can file a workers’ compensation claim if they were hurt while doing work-related tasks. The amount of time an injured worker can receive benefits depends on how severe the injury is and if the worker will be permanently disabled. […]
