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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Upper Darby Nursing Home Abuse Lawyer
When you place an elderly loved one in a nursing home facility, you expect them to be treated with dignity and respect. But when you start to notice signs of elder abuse, you can feel like you let your family member down and now have to fight another battle. The Upper Darby nursing home abuse lawyers of Munley Law understand the devastating impacts elder abuse can have on the victim and their family.
At Munley Law, we have 65 years of experience in complex personal injury cases, including those involving neglect in assisted living facilities. If you suspect medical malpractice, sexual abuse, or any form of nursing home negligence, call our law office today for a no-obligation, free consultation.
What is Nursing Home Abuse in Upper Darby, PA?
According to the World Health Organization (WHO), nursing home abuse is rampant in assisted living facilities and other long-term care homes, […]
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Easton Bicycle Accident Lawyer
If you are involved in a bicycle accident in Easton, Pennsylvania, having the support of an Easton bicycle accident lawyer can make a significant difference in the outcome of your case.
Easton bicycle accident attorneys understand the laws and regulations about cyclists and the complexities of personal injury claims arising from bicycle accidents. Their primary goal is to advocate for the rights of their clients and ensure they receive fair compensation for their injuries, medical expenses, lost wages, and other damages resulting from the bicycle accident.
At Munley Law, we’ll fight to ensure you receive the compensation you deserve for your injuries and damages. Call the Easton bicycle accident lawyers of Munley Law today for a no-obligation, free consultation.
How Do Bicycle Accidents in Easton Differ from Other Vehicle Accidents?
Understanding bicycle accidents means knowing the key factors that affect how these personal injury cases are dealt with in the law. […]
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Can a Passenger Sue Both Drivers After a Car Accident?
You can file an insurance claim or lawsuit to pursue compensation for medical bills, lost wages, and related losses when you’re hurt in a car accident while driving in Pennsylvania. The exact type of claim you file depends on your insurance coverage.
However, you don’t have to be driving to be hurt in an auto wreck. Maybe you’ve been injured as a passenger in a car accident.
This can already complicate matters, as you might not know whose insurance company (if any) is responsible for compensating you now. The case may be even more complex if multiple drivers contributed to the accident.
Determining liability is very important in these cases. For a passenger to receive the full amount of compensation available, they may need to file claims with multiple insurance companies or liable parties.
We at Munley Law can help in this unique situation. […]
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General Attorney vs Trial Attorney: What’s the Difference?
Not all attorneys are the same. You might already understand that some types of attorneys practice law differently from others. For example, district attorneys prosecute those accused of crimes in criminal cases while defense lawyers represent them.
However, it’s also important to understand the difference between general and trial lawyers. This is particularly true if you have a personal injury case or similar matter that may go to trial. Hiring a lawyer with courtroom experience could provide you with a significant advantage during settlement negotiations.
At Munley Law, we’d be happy to discuss our trial experience when reviewing your personal injury case. Contact us today for a free consultation.
Why a Trial Attorney Makes a Difference in Personal Injury Cases
A trial attorney can play a significant role in the outcome of your case should you ever file a personal injury claim or lawsuit. […]
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Fatal Crash in Northeast Philadelphia Claims Passenger’s Life
A 26-year-old passenger died in the early morning hours of December 11 when a BMW crashed into a parked van in Philadelphia’s Mayfair neighborhood, police reported.
The incident occurred at 1:30 a.m. on the 6600 block of Frankford Avenue. According to news reports, the BMW’s driver lost control of the vehicle and struck a parked van, forcing it onto the sidewalk. The passenger was ejected from the BMW and pronounced dead at the scene.
The driver sustained injuries and is receiving medical treatment. Philadelphia police say excessive speed appears to be a factor in the crash.
The investigation remains ongoing.
The Causes of Car Accidents in Philadelphia
Unfortunately, auto accidents occur regularly in Philadelphia. The Pennsylvania Department of Transportation’s latest data shows approximately 8,549 car crashes in the city in 2023. These statistics reflect various contributing factors, […]
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