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
Upper Darby Truck Accident Lawyer
If you or a loved one has been involved in a truck accident in Upper Darby, PA, you’re likely feeling overwhelmed. The bustling streets near the Tower Theater or the busy intersections around 69th Street Terminal can become scenes of an unexpected motor vehicle accident. When a truck accident happens, it’s crucial to have an Upper Darby injury lawyer on your side who understands the local laws and can fight for your rights.
Upper Darby Township in Pennsylvania is known for its rich history and vibrant arts scene. But is not immune to the devastating impacts of accidents involving a tractor trailer or other large commercial vehicle. Whether you’re driving near Sellers Memorial Free Library or walking along Gradyville Road, car accidents can happen, and their consequences can be life-altering.
Munley Law has been a beacon of hope for many clients injured in such situations. […]
Read MoreMore information about Insurance
Upper Darby Pedestrian Accident Lawyer
With its bustling energy, shopping, and landmarks like the Tower Theater, Upper Darby, Pennsylvania offers a unique experience to its residents and visitors. However, being a pedestrian in the busy streets of such an active environment also presents its own set of challenges.
When faced with the aftermath of a pedestrian accident in Upper Darby, victims often grapple with more than just physical injuries. The road to recovery from severe injuries can be paved with legal complexities and financial uncertainties. In such trying times, the guidance of an Upper Darby pedestrian accident lawyer becomes indispensable, ensuring victims receive the justice and compensation they deserve.
Munley Law Personal Injury Attorneys brings to the table years of dedicated experience in representing the injured. Rooted in a legacy of excellence, our attorneys are recognized not just for our legal prowess, but for the compassionate approach we extend to every client. […]
Read MoreMore information about Insurance
Harrisburg Nursing Home Abuse Lawyer
In the heart of Harrisburg, PA where history and modernity coalesce, lies a crucial battlefront for justice and compassion. Nursing homes are meant to provide a safe haven for our elderly loved ones, offering them the care and respect they deserve in their later years. We’d all love to believe that when a loved one relocates to a long term care facility, they are surrounded by staff members who have their best interests at heart, and the care provided is top tier. Unfortunately, this is not always the case. Instead, nursing home negligence cases are all too common, and outright abuse is a distressing reality.
The good news is that nursing home abuse has found a formidable adversary in the legal team at Munley Law. Nestled in Pennsylvania’s vibrant capital, Harrisburg, Munley Law stands as a beacon of hope for those who have suffered neglect and mistreatment. […]
Read MoreMore information about Insurance
Williamsport Workers’ Compensation Lawyer
If you’ve been injured while on the job in Williamsport, PA, you understand the impact it can have on your life. The bustling industries that make up the heartbeat of our city can sometimes lead to unforeseen accidents, leaving hardworking individuals like you facing physical, emotional, and financial challenges. At Munley Law, we’re not just attorneys – we’re your dedicated advocates, ready to stand by your side and help you navigate the intricacies of the Pennsylvania workers’ compensation system.
Your Williamsport Workers’ Compensation Partner
Williamsport thrives on its strong work ethic and vibrant industries. Whether you’re part of the manufacturing sector that keeps our city’s wheels turning or contributing to the service industries that serve our community, your dedication matters. When a workplace injury threatens to disrupt your life, Munley Law is here to ensure you get the support you need.
As your Williamsport workers’ […]
Read MoreMore information about Insurance
Pottsville Workers’ Compensation Lawyer
If you’ve suffered a workplace injury in Pottsville, PA, you’re not alone. Pottsville’s industrious community is the heart of Schuylkill County, driving various industries that contribute to our city’s growth. But accidents can happen, leaving hardworking individuals like you facing physical, emotional, and financial hurdles. At Munley Law, we’re not just attorneys – we’re your dedicated advocates, ready to stand by your side and help you navigate the complexities of the Pennsylvania workers’ compensation system.
Your Pottsville Workers’ Compensation Partners
Pottsville, set amidst the picturesque landscapes of Pennsylvania, is a city where hard work is celebrated. Whether you’re working in our bustling manufacturing sector, the healthcare field, or any other industry that defines our community, your dedication matters. However, when an unexpected workplace injury threatens your livelihood, Munley Law is here to ensure you receive the support you need.
As your Pottsville workers’ […]
Read More
