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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Defective Truck Parts Can Cause Trucking Accidents
Are Defective Truck Parts a Problem?
Trucking accidents are a serious issue that can cause harm to many people on the roads in Pennsylvania. When big commercial trucks collide with passenger vehicles, the results can be devastating. Unfortunately, sometimes the cause of these accidents is due to defective truck parts, such as tire problems and faulty brakes.
In this blog post, our truck accident lawyer discusses what faulty vehicle parts are, how defective parts can cause many truck accidents, and why it is important to hold those responsible accountable for the harm they have caused. If you get into a truck accident caused by a defective truck part, our trucking accident lawyers at Munley Law are here to help. Contact us today to schedule a free consultation.
What are Defective Truck Parts?
Defective parts are parts of a truck that don’t work properly or are faulty. […]
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Reading Workers’ Compensation FAQs
What is Workers’ Compensation?
Workers’ compensation is a state-sponsored insurance program that provides compensation for workers suffering injury or illness. Pennsylvania workers’ compensation was mandated in the 1914 Pennsylvania Workers Compensation Act as a safety net for individuals who become injured or sick as a result of job-related duties or conditions. Workers’ compensation benefits exist to pay for medical expenses and lost wages when you suffer a work-related injury, become ill, or aggravate an existing injury or disease while on the job.
All PA employers are obligated by the Commonwealth to carry workers’ compensation insurance for their employees. Most employees are covered by workers’ compensation regardless of their status as part-time or full-time and regardless of their immigration status. Whether you are a full-time, part-time, seasonal, or immigrant worker regardless of your immigration status who was injured or became sick while on the job, […]
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Fighting the Insurance Company After a TBI
Why You Need a Personal Injury Lawyer to Help Fight the Insurance Company After a TBI
We don’t often think about the brain and the hundreds of thousands, if not millions, of different ways we use it every day. But break down each part of your day into its component parts and you begin to see just how much your brain does for us.
Even making your morning coffee becomes a multi-faceted, complex operation your brain runs each and every day. Even more fundamental than that, your brain directs your body to do numerous things that we never even think about: it makes sure that you breathe, it tells your heart to beat, and it directs your body to digest the food that you eat.
So what happens when you or someone you love suffers a traumatic brain injury (TBI), affecting your brain’s ability to function? […]
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When Should I Hire a PA Trucking Accident Lawyer?
If you are involved in an accident with a heavy truck, you are likely to be experiencing a mix of emotions–shock, confusion, and generally being overwhelmed with the process of recovery. You need to figure out medical care, time off work, motor vehicle repairs, and insurance.
With all the questions swirling around the aftermath of the accident, you may also wonder about whether you should hire a lawyer to help you with legal counsel through the process, and if so when. You may be tempted to put off that decision until you deal with your insurance first. However, especially in a serious truck accident, it can often be advantageous to hire a lawyer after the accident.
If you’re interested in hiring a Pennsylvania truck accident lawyer or wondering whether you should obtain legal counsel, don’t hesitate to give us a call. At Munley Law Personal Injury Attorneys, […]
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Bethlehem Dog Bite Lawyer
Did You Suffer an Injury After a Dog Bite in Bethlehem? Let Us Help
Dogs can be loyal companions, steadfast guards, and loving members of the family. If you get on the wrong side of a dangerous dog, however, they can also be terrifying attackers. Getting bitten by a dog can be a traumatic experience. In addition to the injuries suffered from a dog attack, you are likely to suffer severe emotional distress stemming from an attack by a vicious dog.
If you have suffered from a dog attack in Bethlehem, Pennsylvania, you need to be aware of your rights to recover compensation for both medical expenses and emotional distress. Dog owners in the Lehigh Valley are ultimately responsible for the actions of their animals and are required to make up for the injuries they cause. An experienced Bethlehem dog bite lawyer from Munley Law can be an invaluable resource in getting the compensation you deserve. […]
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