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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Carbondale Wrongful Death Lawyer
Unfortunately, thousands of people are killed each year in accidents in Pennsylvania. This means there are thousands of families left in the wake of accidents. And these family members may be facing emotional distress as well as financial struggles.
When a family member’s death in Carbondale was caused by someone else’s negligence, you may be able to seek compensation on their behalf in a wrongful death lawsuit. The Carbondale wrongful death lawyers at Munley Law have handled wrongful death and other personal injury lawsuits for over 60 years. If your family member was killed in an accident, call us for a free, no-obligation consultation. We will answer your questions and advise you of your legal rights.
What Is Wrongful Death?
Wrongful death occurs when a loved one dies due to the negligence or intentional act of another person. When this happens, […]
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Scranton Head-On Collisions Lawyer
Head-On Auto Accidents in Scranton PA
Head-on collisions in Scranton and the surrounding areas are some of the most serious motor vehicle accidents on the roads. If you’ve been involved in a head-on auto accident, you need a skilled Scranton car accident lawyer to help you get the compensation you deserve. At Munley Law, we’re an experienced personal injury law firm in Scranton that can help you get the justice you deserve. Contact us today to schedule a free consultation.
How a Lawyer Can Help You After a Head-On Car Accident?
In 2017, the Pennsylvania Department of Transportation recorded 4,780 head-on collisions in the state. If you’ve been injured in a head-on collision, you need an experienced lawyer to help you get the compensation you deserve for your medical bills, lost wages, and suffering.
A head-on collision lawyer can help you by:
- Investigating the auto accident to determine who was at fault
- Explaining your legal options
- Negotiating with the insurance company to get you the best possible settlement
- Helping you understand the legal process and prepare for court
- Advocating for your rights and protecting you from any unfair tactics
- Representing you in court if necessary
What Are the Qualities of the Best Car Accident Lawyers? […]
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Seeking Compensation for Severe Injuries in Scranton Motorcycle Accidents
Motorcycle riding provides an exhilarating sense of freedom and thrill unmatched by any other form of transportation, yet it comes with its risks – particularly accidents. The Scranton motorcycle accident lawyers at Munley Law understand the unique dangers motorcyclists face on the road. Our dedicated team of personal injury attorneys stands ready to support victims who have sustained severe injuries in motorcycle accidents – fighting tirelessly on behalf of victims’ rights while fighting to obtain fair compensation to aid in recovery and secure future success.
Motorcycle accidents can have life-changing repercussions, often leading to severe injuries or fatalities. Motorcyclists lack protection from other vehicles during collisions; as a result, when an accident happens, its consequences can be swift and damaging. Munley Law strives to offer our clients top-tier legal representation while at the same time showing compassion and understanding during these trying times.
What Are Common Motorcycle Accident Injuries? […]
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What Are the Most Dangerous Roads in Philadelphia?
What Are the Top Philadelphia Roads That Car Accidents Occur?
A car accident can happen anywhere in Philadelphia. But there are some roads and intersections that are more dangerous than others. Accidents occur more often at certain locations that are more heavily traveled. There are also some roads that are inherently dangerous based upon the characteristics of the highway itself, such as narrow lanes, sharp curves, or reduced sight lines.
In fact, Philadelphia has four of the ten most dangerous highways and road segments in Pennsylvania. Some intersections also have significantly higher crash statistics than other locations throughout Philadelphia.
If you were injured in a car accident on one of Philadelphia’s deadliest roads, contact our Philadelphia car accident lawyer for a free consultation. Munley Law Personal Injury Attorneys is happy to discuss your legal options following a traffic accident in Philadelphia. […]
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Philadelphia Fatal Truck Accident Lawyer
Fatal Commercial Truck Accidents in Philadelphia
Commercial trucks provide a necessary service and form an integral part of the national economy. But commercial trucks are also dangerous, especially when driven on the narrow streets of Philadelphia. If you’ve lost a loved one in an accident with a commercial vehicle, you may have a legal claim that can alleviate the financial burdens you and your family now must navigate.
For more than 60 years, the Philadelphia fatal truck accident attorneys at Munley Law have fought for families and individuals who have lost a family member because of someone else’s wrongful action. As just one example, in 2018, Marion Munley, Caroline Munley, and Robert Munley III reached an $8 million settlement in a wrongful death case involving a truck crash. Our experienced Philadelphia truck accident lawyers have successfully resolved many personal injury cases just like this one, […]
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