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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Maryland Truck Accident Lawyers
If You Have Been Involved in a Truck Accident in Maryland, Call Munley Law Personal Injury Attorneys Immediately
If you or someone you love has been injured in a truck accident, it is important to speak with an experienced Maryland truck accident lawyer right away. Truck accidents involve catastrophic injuries and with multiple parties involved, it’s impossible to navigate the truck accident claims process on your own. What you need is a truck accident attorney who understands how complex these cases can be and will not rest until you receive the compensation you deserve for your injuries.
As a nationwide truck accident law firm, Munley Law Personal Injury Attorneys is dedicated to helping those injured in a trucking accident caused by a negligent driver. We know the dangers posed by large vehicles, and we’ll fight to get you the compensation you deserve. With over 60 years of experience and an impressive track record, […]
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Pittsburgh Construction Accident Lawyer
At Munley Law, we understand the physical, emotional, and financial hardships that can result from construction accidents. If you or a loved one has been injured in a construction incident, you deserve an experienced and compassionate Pittsburgh personal injury lawyer to protect your rights and secure the compensation you deserve. As a family-owned law firm, we have been serving the Pittsburgh community for decades, passionately advocating for construction injury victims and their families.
Understanding Construction Injuries
Construction sites can be hazardous environments, posing significant risks to workers and bystanders. From falls and heavy machinery accidents to electrical incidents and collapsing structures, construction injuries can have devastating consequences. There is a diverse range of injuries that construction accidents can cause, including broken bones, spinal cord injuries, traumatic brain injuries, burns, and more.
The complexities of construction injury cases require comprehensive legal expertise. Our team of dedicated attorneys specializes in construction injury law and has a deep understanding of the unique challenges these cases present. […]
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Dedicated Lyft Accident Lawyer
Our Lyft Accident Lawyers Can Fight For Your Rights
If you were involved in an accident with a Lyft driver, your first call should be to a Lyft accident lawyer at Munley Law. With over 60 years of experience, we understand the issues surrounding these types of accident cases. We will make sure you get compensation for your injuries from the at-fault driver and help you on the path to recovery.
Don’t wait. Schedule a free consultation with our Lyft accident attorney today to start the claims process.
What is Ridesharing?
Ridesharing is a service that directly connects drivers with passengers who need transportation services. The idea is as old as the 1990s when small start-ups generated a new way to help people find carpooling partners – literally “ride sharing”. However, ridesharing as we now know it was pioneered in 2009 by Uber. […]
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Bethlehem Slip and Fall Accident Lawyer
Be it an iced, slick walkway, a spill in the grocery store, or an uneven sidewalk when slip and fall accidents occur, you can get a lot more than a bruised knee. Though no one intentionally plans to hurt another with a spill or other surface issue, property owners have a duty of care owed to visitors and guests to keep their properties safe and clear. And when those properties are not properly maintained and you get hurt, you need someone to turn to.
If you or a loved one were injured in a slip and fall accident in Bethlehem or the surrounding area, allow the personal injury lawyers of Munley Law to take on your case. Our lawyers have over 60 years of experience fighting for the rights of Pennsylvania’s injured.
For a no-obligation, free consultation, contact the slip and fall accident lawyers of Munley Law. […]
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Reading Brain Injury Lawyer
Suffering a traumatic brain injury (sometimes called a TBI) is a life-altering event. These injuries have the capacity to permanently affect the way you navigate the world around you. If you or a loved one suffered a traumatic brain injury due to someone else’s negligence, a Reading brain injury lawyer at Munley Law can help you get the proper compensation you deserve to cope with the financial consequences and aftermath.
What Is a Traumatic Brain Injury?
Of course, any injury to the brain, indeed any injury, is traumatic for victims. But a brain injury or traumatic brain damage has specific medical definitions.
At the core, brain damage results from injuries that cause the destruction or deterioration of brain cells. There are two different types, traumatic brain injuries, and acquired brain injuries.
- Traumatic brain injuries result from an external force that causes the brain to move inside or damage the skull. […]
