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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Why Hire a Stroudsburg Construction Accident Attorney?
Secure your Stroudsburg construction accident lawyer
Stroudsburg, the picturesque gem of the Poconos, boasts a rich history that is evident in its well-preserved historic buildings, bustling Main Street, and scenic parks. But as with any growing city, construction is a common sight, bringing with it the risks associated with construction sites. When accidents happen, it’s crucial to have the right legal team on your side. This is where the expertise of Munley Law personal injury lawyers comes into play.
Understanding Construction Accidents
Construction sites can be liabilities for various reasons:
- Inherent Dangers: Construction sites often have heavy machinery, open pits, electrical wires, and hazardous materials, all of which pose risks to workers and passersby.
- Frequent Changes:The dynamic nature of construction sites means that hazards can change daily, making it challenging to maintain a consistently safe environment.
- Multiple Entities Involved: Different contractors, […]
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Lancaster Pedestrian Accident Lawyer
Get the representation to get the maximum compensation you and your family deserve
Lancaster, Pennsylvania, boasts a rich history with landmarks like the Central Market and the Wheatland estate, home to the 15th U.S. President, James Buchanan. The Fulton Opera House stands as a testament to the city’s cultural heritage, while the Railroad Museum highlights its pivotal role in railway evolution. Visitors to the serene Amish farms are transported to an era of simplicity and tradition. Yet, these attractions bring a surge in pedestrian traffic.
The blend of modern and historical roads increases the risk of pedestrian accidents. Such incidents near landmarks can detract from Lancaster’s charm. Local officials prioritize safety, emphasizing the balance between preserving history and ensuring public well-being. Victims of such accidents need adept legal representation. Firms like Munley Law champion these victims, ensuring their rights amidst Lancaster’s iconic backdrop. […]
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Fatal Truck Accidents
If You Lost a Loved One in a Fatal Truck Crash, You Deserve Justice.
No amount of money can replace someone you love, but fair compensation can alleviate the financial burdens you may be facing, and provide future security for your family. And, the knowledge that those at fault have been brought to justice can provide some peace of mind. When a fatal accident is caused by a truck, you may not know what your next steps are. That’s why it’s important to speak with a lawyer who has the experience and the knowledge needed to get you compensation for your lost loved one.
Since 1959, bereaved families and individuals have turned to the truck accident lawyers at Munley Law Personal Injury Attorneys for help. Our firm is unique in that we have developed a special focus on cases involving major fatal accidents. […]
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York Truck Accident Lawyer
Truck accidents are a concerning reality in York, PA, where major highways like I-83 and Route 30 intersect bustling industrial zones and iconic landmarks like the York Fairgrounds. These accidents often result in severe injuries and require experience and persistence to resolve. Choosing the right lawyer is crucial. 
With a deep understanding of York’s unique landscape, Munley Law stands out as the best choice for a York truck accident lawyer. Our attorneys specialize in navigating the intricacies of truck accident cases, ensuring that victims receive the justice and compensation they deserve. If you or your loved one has been injured in a truck accident, trust Munley Law to be your advocate in these trying times. Call today and schedule your free, no-obligation consultation.
Why You Need a York Truck Accident Lawyer
Truck accidents in York and the surrounding county are more than mere collisions; […]
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What Are My Rights As a Pedestrian in Philadelphia?
Navigating the bustling streets of Philadelphia as a pedestrian can be both an invigorating and a daunting experience. As foot traffic intertwines with the hum of vehicles, understanding your rights as a pedestrian becomes more than just a matter of convenience—it’s a matter of safety and legal protection. These rights, governed by a complex set of laws and regulations, are designed to ensure that every step you take is safeguarded by the law.
![What are my rights as a pedestrian in Philadelphia? [Philadelphia Pedestrian Accident Lawyer]](https://munley.com/wp-content/smush-webp/pedestrian-accident-1-300x251.png.webp)
But what exactly are these rights, and how do they translate into everyday life in Philadelphia? What measures are in place to protect pedestrians, and what can you do if those measures fail?
With the expert insights from Munley Law, a leading Philadelphia Pedestrian Accident Lawyer with years of experience in defending pedestrian rights, we’ll guide you through the maze of legalities and practicalities to ensure that you’re fully equipped to walk the City of Brotherly Love with confidence and peace of mind. […]
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