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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West Virginia Car Accident Lawyer
Across the nation, car accidents are an all too common cause of death, injury, and extensive emotional and psychological 
damage. In 2019, West Virginia saw 260 fatalities from car accidents, and in 2015, car accidents caused around 8% of all injury-related hospitalizations in the state. Too many lives have been impacted and lost as a result of car accidents.
If you or a loved one has been a victim of a car accident in West Virginia, know that you do not have to fight this battle alone. The aftermath of an accident can be even more stressful and overwhelming than the accident itself, especially as you try to balance your recovery with all the complex logistics and legalities of your situation. But there is hope: with the help of an experienced car accident lawyer, you can take on your case with confidence. […]
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Can I Sue My Neighbor for an Injury on Their Property?
When you’ve been injured on a neighbor’s property, you might feel confused, upset, and unsure about what to do next.
You may wonder about your options if you’ve suffered an injury while visiting next door. The short answer is yes, you can sue your neighbor for an injury on their property, but there’s more to consider before taking that step.
When an injury occurs on a neighbor’s property, the question of legal recourse often arises. The ability to sue a neighbor for such an injury depends on several factors and involves understanding premises liability law. Call a premises liability lawyer at Munley Law for a free consultation to review your legal options.
Why You Might Sue Your Neighbor for an Injury on Their Property
While suing a neighbor can be a difficult decision, there are several legitimate reasons why you might need to take this step if you’re injured on their property:
- Medical Expenses: If you’ve incurred significant medical bills due to the injury, […]
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What Damages Can I Collect for a Car Accident?
Unfortunately, car accidents happen every day on roads across America. If you’ve been injured in a car accident, you may be wondering “what damages can I collect for a car accident?”
There are a few different types of damages you may need to recover from after a car accident. You may have physical damage to your car that needs to repaired. Or maybe your car accident resulted in serious injuries that will cause pain and suffering as well as lost wages.
If want to give yourself the best possible outcome to recover damages, you need an experienced car accident lawyer by your side. At Munley Law Personal Injury Attorneys, our car accident lawyers have been helping injured car accident victims for 65 years.
If you or someone you love has been injured in a car accident and wants to know “what damages can I collect for a car accident?”, […]
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Michigan Truck Accident Lawyer
As Michigan’s economy grows, trucking will play a crucial role in our transportation system. The state’s vast network includes major interstates like I-75, I-94, and I-96, essential for moving products within and beyond Michigan.
Unfortunately, busy roads mean truck accidents happen. When they do, it’s important to have a law firm specializing in large trucking accident cases, like the Munley Law truck accident lawyers, to help those affected by these life-changing events.
Michigan Truck Accident Attorneys
Due to the size and weight of the vehicles, these commercial truck accidents often result in severe injuries and considerable property damage. Michigan attorneys specializing in truck accidents have a deep grasp of the complex laws and regulations that specifically govern the trucking industry, including both federal and state safety standards.
When a truck accident happens, the personal injury lawyer’s role is to determine who is responsible. […]
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Oklahoma Truck Accident Lawyer
Oklahoma Truck Accident Lawyers are instrumental in keeping the roads safe in Oklahoma, which is a major part of America’s transportation network.
Oklahoma connects the East and West coasts, making it a critical state for commercial drivers. Major highways like Interstate 35, running north-south between Texas and Kansas, and Interstate 40, running east-west between Arkansas and Texas, are vital routes for trucks carrying goods across the country. Additionally, U.S. Route 69 runs through eastern Oklahoma, linking the state with Texas and Kansas.
Because Oklahoma is an important hub for transporting goods, truck drivers and companies must follow all road rules and restrictions. Experienced Oklahoma truck accident lawyers advocate for accident victims, making sure they get the help they need and working to keep the roads safer for everyone.
About Our Truck Accident Law Firm
Munley Law brings decades of experience handling truck crash cases, […]
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