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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How Long Does It Take to Recover From a Traumatic Brain Injury?
Traumatic Brain Injuries: The Long Road to Recovery
Being involved in a car crash, a fall, or other serious accident is scary and traumatizing. It is common for victims to go into shock, either physical or psychological, immediately following the accident. Therefore, when initially looking for injuries, it is easy to look for the visible: broken bones, cuts, scrapes, bruising, etc. Traumatic brain injuries, however, are oftentimes not visible to the naked eye but still accounted for 61,000 deaths in 2019 alone. A plethora of complications from traumatic brain injuries, ranging from minor cognitive delays to debilitating and life-threatening symptoms such as seizures and coma, can follow the victim for years after the injury. You need to know that brain injury recovery time can take anywhere from a few weeks to ten years.
In this post, we will explore what exactly a traumatic brain injury is, […]
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Reading Explosion Injury Lawyer
Injured in an Explosion? Our Reading Explosion Accident Attorneys Can Help
An explosion can do a lot more than just destroy property. In the blink of an eye, it can take away everything you love. When you get hurt because of a landlord, property owner, or utility company’s carelessness, you may wonder what options you have to get your money back. Fortunately, an experienced Reading explosion injury lawyer can help you and make sure you get the money you deserve.
For more than 60 years, the Reading premises liability lawyers at Munley Law have been helping people throughout Berks County who have been hurt after an explosion. We know that a gas leak explosion can cause a lot of damage and major injuries. Our lawyers will fight hard for you to make sure that the right people are held accountable. We will figure out how much you’ve lost, […]
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Reading Factory Worker Injury Lawyer
Reading is the historical home of the famous Reading Railroad, the county seat for Berks County, and one of PA’s biggest cities. Industry is still an economic lynchpin in Reading and the city’s manufacturing employers are among some of the area’s largest. Reading’s versatile workforce is one of the reasons factories choose Reading as their base of operations. And Reading’s factory workers are essential to the success of local factories.
However, factory work is notoriously dangerous. If you or a loved one has been injured or killed while at work at a factory in Reading, West Reading, or anywhere in Berks County, you want to make sure you hire the most experienced, competent Reading factory worker injury attorneys to fight for the financial compensation you deserve. For six decades, Munley Law has been helping injured factory workers throughout Pennsylvania after a terrible accident. Our Reading workers’ compensation lawyers work hard to make sure your rights are protected. […]
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Philadelphia Reckless Driving Accident Lawyer
Protecting Car Accident Victims in Philadelphia Since 1959
Traffic laws are put into place to protect drivers, passengers, pedestrians, cyclists, and other vulnerable road users from harm. However, when drivers behave recklessly, their negligence can lead to severe and sometimes fatal outcomes.
If you or a loved one were injured in Philadelphia as a result of a reckless driving accident, call Munley Law. Our Philadelphia car accident lawyers have been helping injury victims since 1959 recover the compensation they need to move forward from accidents.
For a no-obligation, free consultation, contact the Philadelphia reckless driving accident lawyers at Munley Law today to schedule a free consultation.
What is Reckless Driving?
Under Pennsylvania law, “Any person who drives any vehicle in willful or wanton disregard for the safety of persons or property is guilty of reckless driving.” Should you be found guilty of reckless driving, […]
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Hazleton Distracted Driving Accident Lawyer
Driver distraction is one of the leading causes of motor vehicle accidents. Driving requires focus and undivided attention, but too many people choose to endanger themselves and others by multitasking behind the wheel.
If a distracted driver hits you or someone you love in Hazleton, you need a Hazleton distracted driving accident lawyer who can prove negligence and win you maximum compensation. The Hazleton car accident lawyers at Munley Law have decades of experience representing car accident injury victims, and we have won numerous multimillion-dollar settlements and verdicts. Our attorneys have earned the industry’s highest ratings from Martindale-Hubbell, and have been named the Best Lawyers in America. Let us get you the justice you need.
Get the help you need today. Contact Munley Law for a free consultation. We will listen to your story and give you advice as to how to proceed, […]
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