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.
More information about Insurance
PennDOT Employees, Others Injured in Chain-Reaction Crash in Camp Hill, PA
Several people, including three Pennsylvania Department of Transportation employees, were transported to the hospital following a chain-reaction accident in Camp Hill on December 27.
According to news reports, a multi-vehicle accident occurred on Route 581 East around 1:50 p.m., stopping traffic on the road. The traffic then caused a chain reaction crash into PennDOT’s crew.
Passengers in vehicles involved in the crash needed to be extricated and taken to the hospital for treatment.
Chain Reaction Accidents
A chain reaction accident, more commonly known as a multi-vehicle accident or pileup, occurs when three or more vehicles are involved in a series of car crashes. These accidents are common on roadways where vehicles travel at high speeds with minimal reaction time. Poor weather conditions such as rain, snow, or fog can significantly increase the risk, as reduced visibility makes it harder for drivers to spot and react to hazards ahead. […]
Read MoreMore information about Insurance
Throop Personal Injury Lawyer
If you’ve been injured in an accident in Throop, the last thing you want to worry about is handling a legal case on your own. Whether it’s a car accident, slip and fall, or workplace injury, the team at Munley Law is here to help you fight for the compensation you deserve. We’ll work to cover your medical expenses, lost wages, and emotional distress. After a car accident, workplace injury in Throop, or collision with a commercial truck, you deserve support and skilled legal guidance. Our personal injury attorney will protect your rights and help you pursue fair compensation. Contact us today to discuss your case at no cost.
How Our Throop Personal Injury Attorneys Can Help You
When you hire a personal injury attorney from Munley Law, you’re entrusting your case to a dedicated team with the expertise you need. […]
Read MoreMore information about Insurance
Do You Need a CDL to Drive a Box Truck?
One of the most important questions when driving a box truck is whether you need a Commercial Driver’s License (CDL). This 
decision hinges on several factors, such as the truck’s weight, intended use, and cargo. Box trucks are commonly used for business and personal purposes, but knowing the exact requirements for each type of use can be complicated.
Understanding these rules is important, as they affect everything from legal compliance to insurance coverage and liability in the event of an accident. Whether you’re using a box truck for local deliveries or long-distance hauls, different classifications apply, and failing to adhere to these requirements may result in serious consequences.
Key differences in box truck operations include licensing requirements, vehicle classifications, and the consequences of driving without the proper CDL. Operating a box truck without the correct credentials can result in serious penalties and liabilities. […]
Read MoreMore information about Insurance
What Age Can a Child Ride on the Back of a Motorcycle in PA?
Is there a motorcycle passenger age limit in Pennsylvania? You may have questions about the minimum age for motorcycle passengers in the Commonwealth if you’ve been thinking about taking your child on the back of your bike.
Pennsylvania’s motorcycle laws have little to say about the minimum legal age of motorcycle passengers. However, they address other critical safety issues.
At Munley Law, serving the area since 1959, we know obeying the law can’t always prevent harm. If you or your child has been hurt in a motorcycle accident, contact us today for a free consultation.
Pennsylvania Law on Child Motorcycle Passengers
The Pennsylvania law addressing motorcycle passenger safety doesn’t establish a minimum age for passengers. This isn’t uncommon. Most states don’t have laws prohibiting motorcyclists from riding with child passengers as long as they abide by other applicable safety requirements. […]
More information about Insurance
York Car Accident Lawyer
When you need a York car accident lawyer after a car crash, the path forward can feel overwhelming and uncertain. Trying to recover emotionally and physically, all while navigating the ins and outs of filing a personal injury claim, is a lot for anyone to take on. But it’s important to remember that if you find yourself in such a situation in York, Pennsylvania, you’re not alone.
Munley Law brings decades of experience and a deep understanding of the local dynamics to help accident victims regain control of their lives. If you have experienced a car accident in York, PA, and are interested in financial compensation for your injuries, lost wages, and pain and suffering, our dedicated team is here to help guide you through the process.
Contact us today to schedule a free consultation and learn how we can protect your interests. […]
Read More
