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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Pottsville Workers Compensation FAQs
For more than 60 years, Munley Law’s family of Pennsylvania attorneys have taken pride in serving the hardworking residents of Pottsville, PA, and the surrounding communities. As local workers’ compensation attorneys with a deep understanding of the unique challenges faced by employees in this region, we are here to provide you with valuable insights and answers to some of the most common questions regarding workers’ compensation in our community.
Living and working in Pottsville means embracing a rich heritage rooted in industries like coal mining, manufacturing, and healthcare services. We know that accidents and injuries can happen in any workplace, whether it’s in a mine, a manufacturing facility, or even a healthcare setting. That’s why we’re dedicated to helping you navigate the complexities of workers’ compensation law, ensuring you receive the benefits and support you rightfully deserve when facing workplace-related challenges.
If you or a loved one has been injured in a work accident or is suffering from an occupational illness, […]
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What is the Difference Between Reckless and Negligent Driving?
Navigating our roads demands not just skill, but also an understanding of the laws governing them. You, as a driver, hold a responsibility to comprehend these regulations and their implications. This article aims to shed light on two often-confused concepts: reckless and negligent driving. While both terms indicate driving behavior that deviates from the norm, they carry distinct meanings and legal consequences. Unraveling these differences is crucial to maintaining safety on the road and staying on the right side of the law.
What is Reckless Driving?
Reckless driving, a term often heard but not always fully understood, refers to the act of operating a vehicle in a manner that demonstrates a wanton disregard for the safety of others. It is a serious traffic violation that can lead to severe consequences, both legal and personal.
One of the most prominent characteristics of reckless driving is excessive speed. […]
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Reading Drunk Driving Accident Lawyer
Reading is, unfortunately, not immune to the nationwide issue of drunk driving. Despite stringent laws and ongoing awareness campaigns, driving drunk is still a pressing issue. At any time, you can become the victim of a car accident as a result of a reckless drunk driver.
If you or a loved one were injured in a car crash perpetrated by a drunk driver, obtaining justice can feel overwhelming. You may be grappling with severe injuries, trauma, and skyrocketing medical bills. However, you don’t have to face these challenges alone. Hiring a proficient drunk driving injury lawyer in Reading, PA is essential to recovering compensation in your case.
An experienced drunk driving injury lawyer from Munley Law can provide the legal expertise and support you need. With over six decades of proven experience, we can help navigate the complex legal system and protect your legal rights.
Understanding Drunk Driving Accidents in Reading, […]
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Reading Drowsy Driving Accident Lawyer
Nestled in the scenic hills of Berks County, Reading is a city steeped in history and culture. Known for its iconic Pagoda, the Reading Public Museum, and the bustling Santander Arena, it’s a city that beautifully blends the charm of the past with the vibrancy of the present. As the former “Pretzel Capital of the World” and a current hub for various industries, Reading is a city that never stops moving. But with this constant motion comes the unfortunate reality of car accidents, including those caused by drowsy driving.
At Munley Law Personal Injury Attorneys, we specialize in personal injury law, with a particular focus on car accidents and drowsy driving incidents. Our team of experienced Reading PA drowsy driving accident lawyers is committed to providing you with the highest quality legal representation. We understand the devastating impact a car accident can have on your life, […]
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Reading Driver Error Injury Lawyer
When you get behind the wheel, you’re not just taking control of a vehicle. You’re assuming responsibility for your safety and the safety of others on the road. Accidents happen, but when they’re caused by someone else’s negligence, you have the right to seek justice.
If you’ve been injured due to a driver error in Reading, Pennsylvania, you’re not alone. Navigating the legal landscape can be daunting, especially after an auto accident. You need a personal injury attorney who can guide you through the legal process with expertise and compassion.
At Munley Law, our Reading car accident attorneys can work with you to get you the compensation you need for your recovery. With over 60 years of proven experience in personal injury law, we have what you need to protect your rights at this time. Reach out to our law firm in Reading, […]
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