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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Erie PA Slip and Fall Lawyer
Slip and fall accidents, a common type of personal injury claim, occur when a person slips, trips, or falls as a result of a hazardous or dangerous condition on someone else’s property. These accidents can happen anywhere – in a grocery store, a neighbor’s driveway, a public sidewalk, or at a local restaurant. Common causes include wet floors, poor lighting, uneven surfaces, or hidden hazards. Injuries can range from minor bruises and sprains to severe fractures, head injuries, or even spinal cord damage. Property owners have a legal obligation to maintain a safe environment and may be held liable if their negligence leads to an accident. Understanding the nature of slip and fall accidents and the legal implications associated with them is crucial for both property owners and potential victims.
Slip and fall accidents, while often underestimated, can lead to serious injuries and substantial medical expenses. […]
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Erie Wrongful Death Lawyer
The loss of a loved one due to another’s negligence or wrongdoing is an unimaginable tragedy. In Erie, Pennsylvania, such instances fall under wrongful death cases, a complex area of law designed to provide some form of recompense for the bereaved families left behind. These cases can stem from a multitude of circumstances, from car accidents and medical malpractice to workplace accidents and defective products. Understanding the nature of wrongful death cases, the legal requirements, and how to pursue justice in these situations is crucial for those affected in Erie PA.
Navigating the legal terrain following the untimely and unjust loss of a loved one can be a daunting task. During such challenging times, the assistance of a skilled wrongful death lawyer can be invaluable. In Erie, Pennsylvania, wrongful death lawyers stand ready to provide their expertise and compassion to grieving families. These legal professionals specialize in wrongful death cases, […]
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Georgia Truck Accident Lawyer
Truck accidents cause chaos and damage across the United States, and Georgia is no exception. In 2014, 155 deaths occurred in the state as a result of car accidents involving trucks. That same year, there were 1,164 car accident fatalities in total, meaning truck accidents accounted for approximately 13% of car accident fatalities.
These numbers are terrifying. There are countless families across the state, and the nation, who have lost a loved one to a truck accident, and countless people who are themselves suffering from the physical, emotional, and psychological impact of surviving a truck accident. Here at Munley Law Personal Injury Attorneys, we cannot take away the pain you have experienced, but we can help you find a way through it. You need to focus on recovery and getting back to the things you love, so let our Georgia truck accident lawyers focus on navigating the legal system and fighting on your behalf. […]
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How Does a Personal Injury Lawsuit Work?
Most people never think about what it takes to file a lawsuit until the time comes. If you have never had to take part in a personal injury lawsuit, you probably don’t know exactly what to expect. How does a personal injury lawsuit work? The entire process can be intimidating or confusing when it is unfamiliar. You likely have a lot of questions.
Your personal injury lawyer from Munley Law Personal Injury Attorneys will be by your side every step of the way, but you still should have an understanding of how the process works. In truth, every case is different, and some are more complex than others. But, there are certain elements that will remain consistent in most lawsuits. Consider this your guide to personal injury lawsuits and how they work.
Why File a Personal Injury Lawsuit?
First, why file a personal injury lawsuit? […]
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Bethlehem Bike Accident Lawyer
Our Bethlehem Bicycle Accident Lawyers Will Fight For Your Rights
With dozens of biking trails in Bethlehem, many outdoor enthusiasts pedal to enjoy the Lehigh Valley. Unfortunately, this also leaves room for injuries to occur. If you or a loved one were injured in a bike accident in Bethlehem or the surrounding areas, Munley Law is here to help.
Even with laws in place to protect vulnerable road users like cyclists, a bicycle is still no match to a passenger vehicle. With more than 60 years of experience protecting Pennsylvania’s injured, the Bethlehem bicycle accident attorneys of Munley Law understand the intricacies of personal injury law and the long-term struggles you have ahead of you following an accident.
For a no-obligation, free consultation, contact the Bethlehem bike accident lawyers at Munley Law today.
Common Causes of Bike Accidents in Bethlehem
According to the Centers for Disease Control and Prevention (CDC), […]
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