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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Stroudsburg Construction Accident Lawyer
Construction laborers face some of the most dangerous working conditions in Stroudsburg and throughout Pennsylvania. With fatal and nonfatal workplace injuries on the rise for this group, many construction accident injury victims may not know their rights and options for financial recovery.
The award-winning Munley Law Stroudsburg construction accident attorneys have fought for the rights of injured workers in Pennsylvania for decades, and we can do the same for you.
If you or a loved one were injured due to a construction site accident, the only construction accident injury law firm in Stroudsburg you need is Munley Law. For a no-obligation, free consultation, contact Munley Law at 570-338-4494.
Dedicated Stroudsburg Construction Accident Injury Law Firm: Munley Law
In 2020, construction workers made up a third of all fatal injuries in the industry. With slips, trips, and falls, some of the most common accidents that result in severe and sometimes fatal injury, […]
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What Are the Laws for Lyft Accidents in Bethlehem, PA?
The primary traffic laws are the same for accidents involving an on-duty Lyft driver and regular car accidents. However, having a rideshare company like Lyft involved makes things more complicated. Consult with a Bethlehem Lyft accident lawyer at Munley Law for a free consultation. Our legal team can explain the trickier aspects of Pennsylvania law and provide you with the best options based on the details of your car accident.
Our Lyft accident lawyers can help you through the extra complexities like figuring out insurance policies, deciding who is at fault, and dealing with legal matters, all different from a standard car accident. Working with our legal team, you can feel confident that your interests are protected while recovering from the car accident.
Immediately After a Lyft Accident
Experiencing an accident while using Lyft can be scary and stressful. […]
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How Can I Find a Personal Injury Lawyer Near Me in Philadelphia, PA?
You can find a Philadelphia personal injury lawyer by doing initial research online, asking for recommendations from friends and family members, and then meeting with a narrowed-down list of legal professionals before making a final decision. Finding a trustworthy and experienced personal injury lawyer is the first step to seeking justice and compensation.
Munley Law has supported clients through the personal injury case process since 1959. Read on to understand how a Philadelphia personal injury attorney can assist you with your case, what to look for when searching for an accident attorney, and the best ways to find a reliable personal injury attorney near you.
The Role Personal Injury Attorneys Play in Your Case
Personal injury lawyers specialize in providing legal representation to those who have suffered physical, emotional, or financial harm as a result of an accident. They play a vital role in helping individuals who have been injured due to the negligence or wrongdoing of others. […]
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Reading Construction Accident Lawyer
If you or a loved one were injured in a Reading construction accident, know that you have options for financial recovery. At Munley Law, our construction accident lawyers serve injured Berks County residents in Reading and across Pennsylvania.
Whether you are a construction worker hurt on the job or an innocent bystander hurt due to a lack of safety measures at a construction site, Munley Law can help you get the compensation you need to recover from your injuries and regain your life.
For a free consultation, contact the Reading construction accident lawyers at Munley Law for a no-obligation consultation.
Experienced Reading Construction Accident Lawyer
According to the U.S. Bureau of Labor Statistics, falls, slips, and trips accounted for 35.3 percent of workplace deaths in the construction industry in 2020. Due to the job’s workplace conditions and physical demands, […]
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Scranton Drowsy Driving Accident Lawyer
There are certain safe driving practices that we assume others will follow on the roadways: following the speed limit, obeying traffic signs, and not getting behind the wheel while intoxicated. Unfortunately, many drivers don’t consider the risks of drowsy driving.
Drowsy driving is considered as dangerous as drunk driving, yet each year, thousands will get behind the wheel while fatigued. If you or a loved one were involved in a car accident with a drowsy driver, Munley Law is here to help.
For over 60 years, the Scranton car accident lawyers at Munley Law have helped car accident victims and their families file car accident claims. Our law firm can provide a free, no-obligation consultation and guide you through the legal process. Call Munley Law for more information.
Scranton Drowsy Driving Accident Lawyer: Munley Law
Busy schedules, […]
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