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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Frequently Asked Questions About Workers’ Compensation in Bensalem
At Munley Law, we understand that navigating the world of workers’ compensation can be complex and overwhelming, especially during times of stress. That’s why we’ve created this resource – to provide you with clear, local, and relevant information about workers’ compensation in Bensalem. We have more than 60 years advocating for injured workers in Bensalem, PA.
Why Workers’ Compensation Matters in Bensalem 
Bensalem, a vibrant and bustling community in Bucks County, Pennsylvania, is home to hardworking individuals who contribute to various industries.
Whether you’re employed in healthcare, manufacturing, retail, or any other sector, understanding your rights and options when it comes to workers’ compensation is essential. Accidents and injuries can happen anywhere, and workers’ compensation serves as a safety net to protect you and your family during these unexpected moments.
Navigating Workers’ Compensation: Local Expertise at Your Fingertips
At Munley Law, […]
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What Types of Compensation Can I Pursue in a Hit and Run Case in Pittsburgh?
Hire a Pittsburgh hit and run car accident lawyer to maximize the compensation that you receive and are entitled to
Pittsburgh, often regarded as the “Steel City,” boasts iconic landmarks such as the Point State Park fountain and the historic Phipps Conservatory. The city’s rich industrial past sits alongside a vibrant arts scene and historic neighborhoods. However, like many urban areas, Pittsburgh is not immune to hit and run incidents that can disrupt the peace and safety of its residents. In such situations, retaining a reputable firm like Munley Law becomes essential to navigate the legal landscape and ensure victims receive the justice they deserve. If you’re a victim of a hit and run in Pittsburgh, securing a knowledgeable lawyer is crucial to ensure you receive proper compensation for damages and injuries sustained.
What is the definition of a hit and run in Pittsburgh?
Simply put, […]
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Lancaster Pedestrian Accident Lawyer
Get the representation to get the maximum compensation you and your family deserve
Lancaster, Pennsylvania, boasts a rich history with landmarks like the Central Market and the Wheatland estate, home to the 15th U.S. President, James Buchanan. The Fulton Opera House stands as a testament to the city’s cultural heritage, while the Railroad Museum highlights its pivotal role in railway evolution. Visitors to the serene Amish farms are transported to an era of simplicity and tradition. Yet, these attractions bring a surge in pedestrian traffic.
The blend of modern and historical roads increases the risk of pedestrian accidents. Such incidents near landmarks can detract from Lancaster’s charm. Local officials prioritize safety, emphasizing the balance between preserving history and ensuring public well-being. Victims of such accidents need adept legal representation. Firms like Munley Law champion these victims, ensuring their rights amidst Lancaster’s iconic backdrop. […]
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Fatal Truck Accidents
If You Lost a Loved One in a Fatal Truck Crash, You Deserve Justice.
No amount of money can replace someone you love, but fair compensation can alleviate the financial burdens you may be facing, and provide future security for your family. And, the knowledge that those at fault have been brought to justice can provide some peace of mind. When a fatal accident is caused by a truck, you may not know what your next steps are. That’s why it’s important to speak with a lawyer who has the experience and the knowledge needed to get you compensation for your lost loved one.
Since 1959, bereaved families and individuals have turned to the truck accident lawyers at Munley Law Personal Injury Attorneys for help. Our firm is unique in that we have developed a special focus on cases involving major fatal accidents. We are ready to guide you through this difficult time. […]
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York Truck Accident Lawyer
Truck accidents are a concerning reality in York, PA, where major highways like I-83 and Route 30 intersect bustling industrial zones and iconic landmarks like the York Fairgrounds. These accidents often result in severe injuries and require experience and persistence to resolve. Choosing the right lawyer is crucial. 
With a deep understanding of York’s unique landscape, Munley Law stands out as the best choice for a York truck accident lawyer. Our attorneys specialize in navigating the intricacies of truck accident cases, ensuring that victims receive the justice and compensation they deserve. If you or your loved one has been injured in a truck accident, trust Munley Law to be your advocate in these trying times. Call today and schedule your free, no-obligation consultation.
Why You Need a York Truck Accident Lawyer
Truck accidents in York and the surrounding county are more than mere collisions; […]
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