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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Road Trip Prep: What to Do to Avoid a Car Accident While on a Road Trip This Summer
Road trips can be exhilarating adventures for many of us. Just getting away for a weekend can be thrilling! But you may be surprised to learn that road trip accidents are more common than you think. And the best way to protect yourself from a car accident is to follow a few simple tips to minimize risks and ensure a safe journey.
Remember, if you do get into a car accident while on the road, one of your first calls should be to an experienced car accident lawyer from Munley Law. We will help you with your claim and make sure that you are properly compensated for your accident.
Let’s delve into the ways you can make your next road trip not only memorable but also safe.
Understanding the Common Causes of Road Trip Accidents
A summer road trip can be fun and a thrilling adventure. […]
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Tow Truck Accident Lawyer
Injured in a tow truck accident? A tow truck accident lawyer at Munley Law Personal Injury Attorneys can help
If you or someone you love were hit by a tow truck or seriously injured due to a tow truck operator’s negligence when loading or unloading your vehicle, you might be entitled to compensation. Most of us think of tow trucks as rescue vehicles on the road. However, recent studies show that tow truck operators face a serious risk of injury and death due to car collisions and other dangers on the job.
Tow truck drivers hurt on the job, whether due to a tow truck accident, faulty equipment, lack of safety standards, or other reason, may also be eligible for monetary damages. When our cars break down, have flat tires, or are involved in fender-benders, tow trucks can be there to rescue them. […]
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Bethlehem Workers Compensation Death Benefits
If you have lost a loved one due to a tragic work accident or an occupational illness, you understand the immense challenges you face after the loss of a loved one due to a work-related incident. If you are here, you might be looking for guidance in navigating the complex system of Pennsylvania workers’ compensation and death benefits. You to know that you are not alone. The experienced and dedicated Bethlehem workers’ compensation lawyers at Munley Law have more than 60 years of fighting for the rights of injured workers in PA. We can help.
What Are Workers’ Compensation Death Benefits?
In Bethlehem, death benefits are designed to provide financial support to the surviving dependents of workers who tragically lost their lives while on the job. These benefits may include financial compensation for funeral and burial expenses, […]
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What Are the Unique Challenges in Truck Accident Litigation?
Truck accidents are often catastrophic, resulting in severe injuries and significant property damage. When such accidents occur, victims may pursue legal action to seek compensation for their losses. However, truck accident litigation presents unique challenges compared to other motor vehicle accident cases. There are complex regulations, multiple parties involved, and even the need for specialized expertise.
The truck accident lawyers at Munley Law understand the different twists and turns of truck accident claims. We have over six decades of experience with the trucking industry and trucking regulations. We have won millions for our clients.
We offer a free consultation with a compassionate truck accident lawyer who will listen to your story and give you a reasonable assessment of your case. Call today the process started.
How is a Truck Accident Different Than a Car Accident?
Trucking accidents are fundamentally different from car accidents in several ways. […]
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Mississippi Truck Accident Lawyer
If you were in a truck or tractor trailer accident in Mississippi, call Munley Law Personal Injury Attorneys for a free consultation
Mississippi leads the country in motor-vehicle deaths per capita with 26.27 accident-related deaths for every 100,000 residents, which is nearly double the national average and which makes Mississippi America’s deadliest state to operate a motor-vehicle according to the United States Centers for Disease Control and Prevention (CDC). Many of the hundreds of deadly accidents involve large commercial trucks, whose massive sizes, weights, and cargo loads amplify the damage, injuries, and deaths.
If you or a loved one suffered an accident involving a commercial semi-truck in Mississippi, contact an experienced truck accident lawyer at Munley Law Personal Injury Attorneys today. For over sixty years, our award-winning attorneys have been fighting to win big settlements for truck accident victims. We recently negotiated a $26 million settlement for our client who suffered serious injuries from a collision involving a tractor-trailer. […]
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