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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Pottsville Car Accident Lawyer
If you’ve been injured in a car accident in Pottsville, Pennsylvania, you may be facing mounting medical bills, lost wages, and stress about what to do next. At Munley Law, our experienced Pottsville car accident lawyers are here to guide you every step of the way.
With decades of combined experience in handling car accident cases in the Pottsville area, Munley Law has earned a reputation as the region’s leading personal injury law firm, providing compassionate service, expert legal guidance, and a track record of success. If a negligent or reckless driver caused you or your loved ones harm, you deserve to be compensated for your losses.
For a no-obligation, free consultation, contact our Pottsville car accident lawyer at Munley Law today.
Why You Need a Pottsville Pennsylvania Car Accident Lawyer
Car accidents in Pottsville can present some complicated legal challenges. […]
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Philadelphia Motorcycle Accident Lawyer
A Philadelphia motorcycle accident lawyer at Munley Law knows that collisions between motorcycles and larger vehicles often result in catastrophic injuries for riders. With only clothing and perhaps a helmet for protection, motorcyclists are completely vulnerable to the full force of impact in a crash involving cars, SUVs, or commercial vehicles.
The aftermath of an accident brings unique legal challenges. Without experienced legal representation, insurance companies may exploit these complexities, pressuring injured riders to accept settlements before seeking independent legal advice.
For 65 years, the motorcycle accident attorneys at Munley Law have successfully fought for riders’ rights. Our deep understanding of Pennsylvania traffic laws and insurance practices has helped us secure substantial client settlements and awards. Our professionalism is recognized by peers and many of our partners hold board certification from the National Board of Trial Advocacy.
Don’t let insurance companies undervalue your claim. […]
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Bensalem Workers’ Compensation Lawyer
A Bensalem workers compensation lawyer from Munley Law can guide you through securing the benefits you deserve after a workplace injury. Getting hurt on the job can leave you worried about medical bills and lost wages while navigating Pennsylvania’s complicated workers’ compensation system. Our experienced attorneys have helped countless injured workers successfully obtain their rightful benefits. We understand how insurance companies and employers may try to minimize or deny valid claims. You need a skilled workers comp attorney in Bensalem who knows the law and will fight to protect your rights.
At Munley Law, we handle every aspect of your workers’ compensation case, from filing the initial claim to appealing denials if necessary. Contact us today to learn how our proven track record of success can work for you.
The Workers’ Compensation Claim Process in Bensalem, PA
Pennsylvania workers’ compensation system is meant to protect employees who suffer work-related injuries or illnesses. […]
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Pittsburgh Drowsy Driving Accident Lawyer
Falling asleep at the wheel can result in catastrophic accidents, leading to severe injuries or even fatalities. When someone is sleepy behind the wheel, their brain power, reflexes, and decision-making skills are impaired, just like when they’ve had a few too many drinks.
Our experienced team of Pittsburgh drowsy driver accident attorneys understands the devastating consequences of drowsy driving and is committed to fighting for your rights. Munley Law has a proven track record of successfully handling drowsy driving cases, holding negligent drivers accountable, and securing maximum compensation for our clients. With our knowledge of the Pittsburgh, PA, laws and regulations surrounding drowsy driving accidents, we are equipped to navigate the complexities of your case. Your well-being is the priority, and we will provide personalized attention, guiding you through the legal process while ensuring your voice is heard.
If you or your loved one has been involved in a Pittsburgh drowsy driving accident, […]
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What Is the No Zone of a Truck?
In the age of Amazon Prime and endless online shopping, more trucks are on our nation’s roads than ever. With more large trucks on the road come more safety concerns, particularly for those in passenger vehicles. In recent years, fatality data from the National Highway Traffic Safety Administration (NHTSA) shows concerning trends in truck-involved accidents, particularly in large truck “no-zone” areas—blind spots.
If you have been in an accident with a truck because you were in one of their blind spots, you still may be entitled to compensation. Contact Munley Law to speak with one of our attorneys today.
Understanding Truck No Zones: The Invisible Danger Zones
The “no zone” of a truck is the area directly around a semi-truck where there are blind spots, meaning the truck driver has no or limited visibility. If any passenger vehicle is in a truck’s no zones, […]
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