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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Auto Defect Lawyer
With the average price of a new car in 2024 nearing $48,000, most drivers hope their vehicle is safe from auto defects. Unfortunately, ineffective designs or manufacturing errors can quickly turn a commute into a catastrophe. If you or a loved one were injured in a car, truck, SUV, or other motor vehicle accident resulting in injuries, you may have a defective product claim. At Munley Law, our auto defect lawyers will hold the auto manufacturer, designer, or other liable party accountable for your losses.
To file a motor vehicle defect claim, call an auto defect lawyer from Munley Law today for a no-obligation, free consultation.
When Auto Manufacturers Put Profits Over Safety
Unfortunately, auto manufacturers often prioritize profits over safety, cutting corners on designs and durable materials. When an auto defect causes you to get into a motor vehicle accident, […]
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Philadelphia Bicycle Accident Lawyer
If you were a bicyclist hit by a car or other vehicle while riding your bike in Philadelphia, don’t try to recover alone. Getting into a bicycle accident with a large motor vehicle can be catastrophic and cause lifelong injuries, lost wages, and more. The Philadelphia bicycle accident attorneys at Munley Law Personal Injury Attorneys understand not all drivers of motor vehicles are willing to share the road. We are here to help those injured in bicycle accidents by negligent drivers. Our Philadelphia personal injury lawyers have decades of experience defending and protecting the rights of bicycle accident victims and their families and are proudly recognized for our expertise and achievements. Our lawyers have been selected among the Best Law Firms, made the Pennsylvania Super Lawyers List, and the list of Best Lawyers in America.
We never charge a fee unless we win your case. […]
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Bensalem Product Liability Lawyer
Has a defective product injured you in Bensalem? Every year, faulty products like exploding pressure cookers, collapsing strollers, and malfunctioning power tools cause severe injuries to consumers. Even everyday household items can be dangerous – 
from space heaters that catch fire to unstable furniture that tips over unexpectedly.
Medical devices aren’t immune, either. Defective pacemakers, failed joint replacements, and faulty insulin pumps have caused severe harm to patients. Problems like faulty airbags, failing seatbelts, and defective tires have led to life-threatening vehicle accidents .
If you’ve been hurt by any defective product in Bensalem, don’t face this alone. Contact the Bensalem product liability attorneys at Munley Law for a free case evaluation. Our experienced team will help you understand your rights and fight for the compensation you deserve – whether your injury came from a faulty children’s toy, dangerous exercise equipment, or malfunctioning electronic device. […]
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What to Do If the Car Seat Is Defective
Every parent remembers that first drive home from the hospital – your newborn secured in their car seat while you drive more carefully than ever. We trust these essential safety devices with our children’s lives, which makes it all the more devastating when a car seat fails to protect our little ones due to a manufacturing defect. As a parent, few things are more frightening than discovering your child’s car seat – the very device meant to keep them safe – may have put them at risk of serious injury or worse.
While no parent wants to imagine their child being harmed by a defective car seat, understanding how to respond and knowing your rights isn’t just important – it could be crucial for protecting your child and other families using the same model. If your child has been injured due to a faulty car seat, you don’t have to navigate this difficult situation alone. […]
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Lancaster Lyft Accident Lawyer
Rideshare crashes can and do happen in Lancaster, Pennsylvania. Although scheduling a ride with Lyft may be a safe option for getting from point A to point B, it’s important to be prepared in the event of a crash. You may be eligible for compensation via the rideshare company or another such party if you’re hurt in a Lancaster Lyft accident resulting from negligence.
Learn more by discussing your case with attorney with experience handling Lyft accident cases. At Munley Law, an accident attorney can review your case, discuss legal options, and provide representation to fight for the compensation that’s recoverable. Learn more about how we can help after a Lyft accident in Lancaster by contacting us today for a free consultation.
Understanding Lyft Accidents in Lancaster, PA
Statistics on Lyft and rideshare accidents in Pennsylvania are currently unavailable. Although these services have existed for over a decade now, […]
