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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What steps to take after a hit and run accident in Scranton
Hit and run accidents are a troubling reality in any city, and Scranton is no exception. Located at the heart of northeastern Pennsylvania, Scranton is known for its bustling downtown, historic Scranton Iron Furnaces, and vibrant community. But like many urban areas, Scranton is also not immune to the challenges of traffic accidents, specifically the occurrence of hit and run incidents.
Understanding what to do in a hit and run situation in Scranton can be overwhelming, especially when dealing with specific local laws and regulations. Whether it’s on the busy North Washington Avenue or near the scenic Nay Aug Park, knowing the right course of action to take is crucial. In such stressful circumstances, the Scranton car accident attorneys at Munley Law stand as a beacon of support for those affected, guiding them through the complex aftermath of a Scranton hit and run.
Whether you’re a local resident or just passing through the Electric City, […]
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Bensalem Brain Injury Lawyer
Bensalem is one of the gems of Bucks County. Visitors from all over the United States come to see its landmarks including the Pennsbury Manor — the recreated colonial estate of Pennsylvania’s founder, William Penn. With its close proximity to major waterways and Philadelphia, Bensalem was a focal point for trade and industry. Today, it is home to businesses ranging from retail to technology.
Like many active communities, Bensalem is not immune to accidents and incidents that may result in brain injuries, whether from vehicular collisions, workplace accidents, or recreational activities. The complexity and often life-altering effects of such injuries necessitate specialized legal representation.
If you or your loved one suffered a brain injury, reach out to an experienced brain injury attorney at Munley Law to help pursue compensation. Our Bensalem brain injury lawyers offer a free consultation where we will walk you through the claims process. […]
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Boat Accident Lawyer
If you or a loved one have been seriously injured in a boating or water sports accident caused by someone else’s negligence, you may have cause to pursue legal action. As the injured victim, you may be entitled to monetary compensation for your medical treatment, missed time from work, and pain and suffering. However, you will likely need a boat accident lawyer who has the experience and legal acumen to get you the full compensation that you deserve.
For more than 60 years, the boat accident lawyers of Munley Law Personal Injury Attorneys have helped clients throughout Pennsylvania. Our boating injury attorneys have earned national recognition for their work on behalf of injured victims. We have been named among the Best Lawyers in America, and have received the highest possible peer and client review ratings from Martindale-Hubbell. Contact a boating accident lawyer now for a consultation free of charge. […]
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Lancaster Wrongful Death Lawyer
Lancaster, Pennsylvania, is a city steeped in history and vibrant culture, with streets like Queen Street and King Street that resonate with the echoes of the past. Local attractions such as the Lancaster Central Market and the Fulton Theatre contribute to the city’s unique charm.
But even in a place filled with such life and tradition, a tragic loss can occur in the form of wrongful death. Under Pennsylvania law, a wrongful death occurs when a loved one’s death is caused by someone else’s negligent actions. That other person is called the at-fault party and a family member can file a wrongful death action for financial compensation.
At Munley Law, we understand the profound impact of wrongful death on the surviving family members in Lancaster County. With a deep commitment to the people of Lancaster and years of successful experience handling wrongful death suits, […]
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Williamsport Uber Accident Lawyer
Nestled in the picturesque Susquehanna Valley and once known as the lumber capital of the world, Williamsport, Pennsylvania is a vibrant town revered for its rich history and thriving community. But even in this idyllic setting, car accidents can happen, and in a world where ridesharing is increasingly popular, Uber accidents account for a portion of these collisions. Uber accidents can result in serious injuries, such as traumatic brain injury and broken bones, property damage, and even wrongful death.
In the aftermath of an Uber accident, it is crucial to have the support of experienced and dedicated Williamsport Uber accident attorneys who understand both the dynamics of Williamsport and Lycoming County, as well as the intricacies of rideshare accidents. That’s just what you’ll find at Munley Law.
We believe that all victims of vehicle accidents deserve justice, and we are here to help them achieve it. […]
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