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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Client & Attorney Testimonials
See what our past clients and fellow attorneys have to say about Munley Law Personal Injury Attorneys.
Truck Accident Clients
“I’m so beyond thankful for my lawyers who have never steered me wrong and were ready to go to war for myself and my children. It has been an amazing experience working with them and I’m so thankful for them. As no amount of money will ever change what happened they made sure we were forever taken care of.”” – Katy S., A Truck Accident Client
“November of 2015 I was sitting at a red light in my Dually Pickup Truck. A loaded tractor trailer rear ended me, he was traveling in excess of 50 MPH. Resulting in me being airlifted to the trama facility nearby. I suffered a broken neck plus spinal cord damage and internal injuries. […]
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Personal Injury FAQs
Do You Have Personal Injury Questions? Contact Us for a FREE Initial Consultation.
When you are faced with a legal issue or have questions regarding the laws around a personal injury accident, let the leading personal injury law firm in Pennsylvania help you. Please call Munley Law Personal Injury Attorneys or submit a request using our contact form.
What is a personal injury?
A personal injury is a serious harmful act to a person or persons as a result of someone else’s negligence. Personal injury law can involve many types of accidents including truck accidents, car accidents, motorcycle accidents, medical malpractice, product liability, premises liability, workplace injuries and accidents, spinal cord and brain injuries, pharmaceutical negligence, amputations, wrongful death, failure to diagnose cancer, birth and neonatal injuries, […]
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What Does a Truck Accident Lawyer Do?
Truck accidents are a prevalent and often devastating type of roadway collision that can have far-reaching consequences for all parties involved. Due to the sheer size, weight, and power of commercial trucks, these accidents often result in severe injuries, extensive property damage, and even fatalities. As essential components of the global transportation system, trucks play a crucial role in the movement of goods and services, yet their presence on highways and roads also poses a significant risk to public safety. Truck accidents can occur for various reasons, including driver fatigue, mechanical failures, inclement weather, and human error. Understanding the causes, consequences, and legal implications of truck accidents is vital for both truck drivers and other motorists, as it helps promote a culture of safety and responsibility on the roads, ultimately reducing the number of tragic incidents and their impact on individuals and communities.
Truck accidents are a concerning and often devastating occurrence that impacts the lives of many residents and visitors alike. […]
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What to Do If You Suffer Heat Stroke in the Workplace
As the temperatures continue to arise throughout the United States, so does the increase in heat related illnesses among workers that work outside for a living. Heat stroke is a severe heat-related illness that can occur when the body’s temperature regulation fails and body temperature rises to critical levels. It’s a condition that can strike swiftly, leading to devastating health consequences. Workers, particularly those in high-heat environments, need to be aware of the risks and symptoms of heat stroke to protect their health and well-being.
Understanding workers’ compensation after suffering a heat stroke while on the job is important, especially for those in Pennsylvania. If you suffer from a heat illness while on the job, you may be entitled to benefits under the Pennsylvania Workers’ Compensation Act. This law provides medical expenses and wage loss compensation to employees who become injured or ill as a result of their work. […]
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Hazleton Drowsy Driving Accident Lawyer
If you’ve been involved in a car accident in Hazleton, Pennsylvania, you’re not alone. The bustling intersections of Broad Street and Church Street, the busy stretch of Route 309, and the unpredictable weather conditions around the Pocono Mountains can make our roads a challenging place to navigate. When an accident happens, it can be a life-altering event, especially if it involves drowsy driving. That’s where Munley Law comes in. As your dedicated Hazleton car accident lawyers, we’re here to help you navigate the legal process and seek the compensation you deserve.
Understanding Drowsy Driving Accidents 
Drowsy driving, a pervasive and often overlooked issue, casts a long and dangerous shadow over the roads of Hazleton and the surrounding areas. This problem is not confined to any one group of drivers. It affects everyone, from the truck drivers who traverse the long, […]
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