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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Edward A. Monsky
Joining Munley Law Personal Injury Attorneys in 2020, Ed Monsky brings more than 35 years of experience in representing people and businesses in motor vehicle accidents, premises liability, products liability, professional liability and workers’ compensation claims throughout Northeastern Pennsylvania. Currently he focuses on pre-litigation and workers’ compensation cases.
At the beginning of his illustrious legal career, Ed served as law clerk for the Honorable Forrest Schaeffer of the Berks County Court of Common Pleas. Since then, he has participated in 25 jury trials and hundreds of arbitration/ administrative hearings throughout Northeast and Central Pennsylvania and federal courts. Additionally, Ed has expertise in Social Security disability claims, preparing wills, powers of attorney and living wills, and representing clients who serve as the personal representative of estates.
Originally from Scranton, Pennsylvania, Ed earned a B.A. from the Haverford College, […]
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Melinda C. Ghilardi
Melinda Ghilardi is a trial lawyer with nearly 40 years of experience. Prior to joining Munley Law Personal Injury Attorneys, Melinda worked with the Federal Defender’s Office for the Middle District of Pennsylvania for over three decades. Melinda began her career as an Assistant District Attorney in Lackawanna County.
Honors and Awards
- Best Lawyers, 2024-25
- Pennsylvania Super Lawyer, 2022-24
- Lackawanna Pro Bono, Robert W. Munley Distinguished Service Award, 2016
- Athena Award, Greater Scranton Chamber of Commerce, 2005
- Pennsylvania Bar Association Commission on Women in the Profession, Lynette Norton Award, 2004
- Scranton-Pocono Council, Girl Scouts of America, Woman of Distinction, 2000
- University of Scranton, Frank J. O’Hara Alumni Award, 2000
Education
- The University of Pittsburgh School of Law, Juris Doctor
- The University of Scranton, […]
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Pottsville Motorcycle Accident Lawyer
Motorcycling offers a sense of freedom and excitement, but it also comes with inherent risks, especially on the bustling roads of Pottsville, Pennsylvania. Nestled in Schuylkill County, Pottsville’s winding roads and scenic landscapes are often traveled by motorcycle enthusiasts. However, the increasing traffic and unique local conditions have led to a growing number of motorcycle accidents. In these tragic circumstances, having a dedicated and experienced Pottsville motorcycle accident lawyer becomes indispensable.
Enter Munley Law, a renowned law firm with over 60 years of experience in personal injury law, including a specialization in motorcycle accidents. With a deep understanding of Pottsville’s local laws, traffic patterns, and community needs, Munley Law’s team of Pottsville motorcycle accident attorneys has provided invaluable support to countless motorcycle accident claims and victims in the region.
Their attorneys not only understand the legal complexities but also the emotional trauma that victims undergo. […]
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Bensalem Truck Accident Lawyer
Large commercial trucks are among the biggest dangers for motorists in Pennsylvania and across the United States. Tractor-trailers can cause monumental damage to the average passenger vehicle and even death to drivers and their passengers. Truck accidents are a harrowing reality in a booming town like Bensalem, which has a growing commercial district in the northeast section of Philadelphia. This is where the Bensalem truck accident lawyers of Munley Law come in.
At Munley Law, our legal team of experienced truck accident attorneys understands the unique challenges that truck accident victims face in the aftermath of a collision. Whether it’s navigating the complex local regulations or fighting for your rights, our dedicated personal injury lawyers are committed to helping you pursue compensation for your injuries.
Do not handle the legal process alone. If you or a loved one were injured in a Bensalem truck accident, […]
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Bensalem Slip and Fall Accident Lawyer
Have you been injured in a slip and fall accident in Bensalem? Whether it happened at the bustling Neshaminy Mall, the serene paths of Bensalem Township Country Park, or even on a busy street like Hulmeville Road, Munley Law Personal Injury Attorneys are here to help. Our Bensalem slip and fall lawyers are deeply familiar with the local community and have successfully represented clients throughout the area.
Contact Munley Law for a free consultation today.
Don’t suffer in silence; let our experienced Bensalem slip and fall accident attorneys fight for your rights.
Why Choose Munley Law as Your Bensalem Personal Injury Lawyers?
Selecting the right legal representation is crucial. At Munley Law Personal Injury Attorneys, our Bensalem personal injury lawyers have a proven track record of success. With decades of experience, awards, and positive client testimonials, we stand out as the best choice for your personal injury claim. […]
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