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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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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Williamsport Distracted Driving Accident Lawyer
Nestled in the heart of Lycoming County, the charming region of Williamsport, Pennsylvania offers breathtaking natural beauty and a welcoming atmosphere. However, amidst its scenic landscapes and warm hospitality, the community faces a pressing concern: distracted driving accidents.
In moments of distraction, a split-second decision can have devastating consequences on our roads, leaving innocent lives shattered and families torn apart. Distracted drivers can cause serious injuries, and the road to financial recovery after a car accident can be a long one. At Munley Law, our team of dedicate Williamsport Pennsylvania distracted driving accident lawyers is committed to seeking justice for those affected by such tragic incidents.
With an unwavering focus on our community’s safety, our experienced legal professionals are well-versed in navigating the intricacies of local laws and regulations. We understand the unique challenges faced by victims of car accidents here in Williamsport, […]
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Pottsville Workers’ Compensation & Third Party Claims
Whether you work in the thriving manufacturing sector like the Schuylkill Industrial Complex or our famous Yuengling brewery to any of Pottsville’s bars or restaurants dotting Centre Street, accidents can happen at any job , leaving you injured and unsure of your rights. When you are faced with the uncertainty of obtaining rightful compensation for your injuries, it’s important to have a legal team that understands the local landscape
Munley Law has been fighting for injured workers in Pottsville for more than six decades. Our seasoned attorneys have extensive experience representing workers in various fields, from the Minersville Anthracite Coal Region to the area’s busy healthcare facilities.
If you or a loved one has been injured at work in Pottsville, and you believe a third party may be responsible, our experienced attorneys are here to provide expert legal counsel and guide you through the process of pursuing your claim. […]
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Pottsville Workers Compensation Specific Loss Benefits
Nestled within the picturesque landscapes of Schuylkill County, Pottsville, PA, boasts a rich tapestry of history and a vibrant community spirit. From our most famous historical landmark, the legendary Yuengling brewery to our storied coal mines, our generations of hardworking residents have contributed to the city’s legacy and helped shape our legacy. But in the midst of our determination and dedication, accidents can occur, leading to life-altering specific loss injuries.
At Munley Law, we understand the challenges you face after experiencing a permanent loss of a limb, eye, hearing, or disfigurement. As your trusted Pottsville workers’ compensation attorneys, we stand ready to provide you with personalized guidance and unwavering advocacy during this challenging time.
In the backdrop of our city’s industrious past, we know that specific loss injuries can have profound effects on your livelihood and well-being. We are a PA family and we know and embrace the industries that define our community, […]
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