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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Easton Car Accident Lawyer
Were you the victim of a car crash in Easton? Have a team of our top auto accident lawyers review your case for free.
If you’ve been seriously injured or lost a loved one in a car accident in Easton, PA, you need a legal team who will help make things right for you. We understand how devastating it is to have your life altered by someone else’s negligence. Mounting medical bills and loss of income due to car crash injuries can affect your entire family. You deserve fair compensation. Find out how an Easton auto accident lawyer at Munley Law Personal Injury Attorneys can help you.
What sets Munley Law Personal Injury Attorneys apart from other personal injury law firms in Northampton County? We have been representing individuals and families in the Lehigh Valley for more than 60 years. Our lawyers have helped thousands of people just like you who have suffered life-altering injuries and losses due to an auto accident. […]
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Easton Truck Accident Lawyer
Our Easton truck accident lawyer will fight for you against the trucking company
Get the maximum compensation and the justice you deserve for your truck accident injuries
Easton, a bustling city known for its vibrant economy and heavy traffic, unfortunately, also sees its fair share of truck accidents. Each year, numerous residents and commuters become victims of these devastating incidents, resulting in significant physical, emotional, and financial distress. The complexity of truck accidents, coupled with the severity of the damages they often cause, makes them a unique category within personal injury law.
In such challenging times, the importance of having a local attorney who specializes in truck accident litigation cannot be overstated. A local lawyer not only understands the specific laws and regulations of Easton but also has a deep familiarity with the local courts, judges, and other attorneys. This local expertise, […]
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Allentown Reckless Driving Accident Lawyer
In the heart of Pennsylvania’s Lehigh Valley, Allentown is a bustling city that attracts both residents and visitors alike. However, with the city’s growth and the traffic on highways like I-78 and US-22, the risk of reckless driving accidents has also increased.
Allentown’s roads and highways are frequently traveled by locals and tourists visiting landmarks such as the Allentown Art Museum, the historic Liberty Bell Museum, and Dorney Park & Wildwater Kingdom. Unfortunately, the increased traffic, coupled with reckless driving, can lead to serious accidents.
Navigating the aftermath of a reckless driving accident can be a complex process. From understanding Pennsylvania’s traffic laws to dealing with insurance companies, victims often find themselves in need of professional legal assistance. This is where experienced Allentown reckless driving accident lawyers come into play, providing the necessary guidance and representation to ensure car accident victims‘ […]
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Road Trip Prep: What to Do to Avoid a Car Accident While on a Road Trip This Summer
Road trips can be exhilarating adventures for many of us. Just getting away for a weekend can be thrilling! But you may be surprised to learn that road trip accidents are more common than you think. And the best way to protect yourself from a car accident is to follow a few simple tips to minimize risks and ensure a safe journey.
Remember, if you do get into a car accident while on the road, one of your first calls should be to an experienced car accident lawyer from Munley Law. We will help you with your claim and make sure that you are properly compensated for your accident.
Let’s delve into the ways you can make your next road trip not only memorable but also safe.
Understanding the Common Causes of Road Trip Accidents
A summer road trip can be fun and a thrilling adventure. […]
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Tow Truck Accident Lawyer
Injured in a tow truck accident? A tow truck accident lawyer at Munley Law Personal Injury Attorneys can help
If you or someone you love were hit by a tow truck or seriously injured due to a tow truck operator’s negligence when loading or unloading your vehicle, you might be entitled to compensation. Most of us think of tow trucks as rescue vehicles on the road. However, recent studies show that tow truck operators face a serious risk of injury and death due to car collisions and other dangers on the job.
Tow truck drivers hurt on the job, whether due to a tow truck accident, faulty equipment, lack of safety standards, or other reason, may also be eligible for monetary damages. When our cars break down, have flat tires, or are involved in fender-benders, tow trucks can be there to rescue them. […]
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