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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Emmaus Personal Injury Lawyer
At Munley Law, we know how life can change instantly due to a personal injury. Whether you’ve been in a car accident, hurt in a workplace incident, or suffered because of medical negligence, these injuries can take a serious toll on your health and finances due to lost work and medical expenses, as well as your peace of mind. Our experienced personal injury lawyers in Emmaus, PA, are dedicated to helping victims recover the compensation they deserve. From motor vehicle accidents, motorcycle accidents, and truck collisions to slip and falls and wrongful death claims, we have the skills and resources to handle a wide variety of cases. We’re here to fight for your rights and make sure that justice is served.
Contact Munley Law’s Allentown personal injury law offices today for a free case evaluation. Let us guide you through every step of your claim. […]
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Whitehall Township Personal Injury Lawyer
At Munley Law, we understand how devastating a personal injury can be, whether it’s from a car accident, bus accident, or work-
related injury. In Whitehall Township accidents can happen anywhere—on the road, at work, or even during daily activities. Personal injuries, whether they are caused by motor vehicle crashes, construction site accidents, or even long-term exposure to harmful substances, can disrupt your life physically, emotionally, and financially.
If you or a loved one has been injured due to someone else’s negligence, you deserve to know your rights. Our experienced law firm is here to help guide you through the legal process, fight for the compensation you deserve, and hold the responsible parties accountable. We handle all personal injury claims, including motorcycle accidents, defective products/product liability, premises liability, slip and falls, workplace illnesses, birth injuries, and medical malpractice.
We offer a free consultation with a Whitehall Township personal injury attorney at our local law offices to review your case and help you take the next steps. […]
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Lancaster Car Accident Lawyer
When facing the aftermath of a car crash, having an experienced Lancaster car accident lawyer by your side is your best line of defense and advocacy. Choosing Munley Law means combining seasoned expertise, recognized excellence, and genuine client care for Lancaster residents. With our team in your corner, navigating the legal intricacies of a motor vehicle accident claim becomes a journey you’re never alone in.
If you or a loved one were involved in a car crash, call the Lancaster car accident attorneys of Munley Law for a no-obligation, free consultation.
Common Causes of Car Accidents in Lancaster, PA
Car accidents in Lancaster are often influenced by unique local factors, ranging from challenges posed by historic narrow roads to increased traffic during peak tourist seasons. Data reveals that distracted driving, tight intersections, and adverse weather conditions have greatly impacted the area’s car accident rates. […]
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Kutztown Personal Injury Lawyer
Accidents are inevitable, but some result from negligence. While genuine accidents are unforeseeable and unavoidable, negligent injuries occur due to someone’s failure to exercise reasonable care. When someone’s irresponsibility causes harm, victims can seek compensation. A Kutztown personal injury lawyer at Munley Law can help in such cases.
Insurance companies are notorious for lowballing personal injury victims. When you have an experienced Kutztown personal injury lawyer by your side, you can rest assured that your rights will be protected. At Munley Law, our personal injury attorneys offer a free consultation to new clients. You will speak with a seasoned personal injury lawyer who will listen to your story, lay out your legal options, and guide you through the claims process. Call today for your free initial consultation.
How Can a Personal Injury Lawyer Help Me?
Dealing with an injury is stressful. […]
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Are Highways Safer Than Regular Roads?
Believe it or not, highways are generally safer than regular roads. While traffic accidents can happen anywhere, statistics show that highways have a lower rate of fatal accidents and injury crashes compared to local and arterial roads. In this article, we’ll go over the factors that contribute to highway safety, including the limited access points, speed limits, and physical barriers on highways.
If you have any more questions regarding highway safety, or if you have been involved in a highway accident, call the Munley Law personal injury lawyers. Our accident lawyers offer a free consultation where we will answer your questions and discuss your legal options.
Crash Fatality Statistics: Highways vs. Local and Arterial Roads
According to a 2022 report from the Insurance Institute for Highway Safety (IIHS), crash deaths in rural areas were less likely to occur on rural highways, […]
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