Insurance

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

Harrisburg Slip and Fall Lawyer

When looking for slip and fall accident lawyers in Harrisburg you can trust, you need to look no further than Munley Law. Our law firm is dedicated to fighting for justice and compensation for every Harrisburg fall accident victim. We have recovered millions for our clients and are ready to advocate for you and your fall accident case.

If you have sustained injuries from a slip and fall incident, don’t hesitate — contact us today for a free consultation and learn how we can protect your best interests.

Common Causes of Slip and Fall Accidents in Harrisburg, PA

Harrisburg Slip And Fall Lawyer A slip and fall accident, also commonly referred to as a trip and fall, is a type of premises liability case that occurs when an individual loses their balance, slips, or trips and subsequently falls on someone else’s property. These accidents typically happen due to unsafe property conditions, […]

Reading Wrongful Death Lawyer

Our Reading wrongful death lawyers understand the overwhelming grief and confusion that accompanies such a loss. Our compassionate and experienced wrongful death attorneys at Munley Law are here to help you seek justice and hold the responsible parties accountable.

A wrongful death lawsuit will not bring your loved one back, but we hope the financial support will help ease the emotional burden of your loss. Contact us today for a free consultation.

Understanding Wrongful Death Lawsuits in Reading, PA

Reading Wrongful Death Lawyer A wrongful death lawsuit is a legal action brought by the surviving family members or representatives of a deceased person against the individual, company, or entity responsible for the person’s death. This type of lawsuit seeks to obtain compensation for the survivors’ losses, which can include both economic and non-economic damages.

The primary goal of a wrongful death lawsuit is to provide financial relief and justice to the surviving family members. […]

Stroudsburg Bicycle Accident Lawyer

Stroudsburg is a great place to ride a bicycle, from the forest trails just outside of town to riding straight through the East Stroudsburg University campus. But unfortunately, while cyclists enjoy the same rights as motor vehicle drivers, drivers routinely make mistakes that lead to dangerous and, in many cases, life-changing bicycle accidents. Holding the appropriate parties accountable requires experienced legal representation from a Stroudsburg bicycle accident lawyer.

The bike accident attorneys at Munley Law Personal Injury Attorneys have provided experienced and aggressive legal representation for injured cyclists through Stroudsburg, PA, since 1959. Our Stroudsburg bicycle accident lawyers have recovered millions of dollars for accident victims and their families throughout the Pocono region. With our office located in downtown Stroudsburg, we can help you with your personal injury claim so you can get back on your feet after a bicycle accident. Contact us today for a free consultation. […]

What to Do If You Have a Flat Tire on the Highway

A flat tire can quickly turn a routine drive into a stressful situation, especially on a busy road. However, you can handle this common vehicle issue safely and efficiently with knowledge and preparation. Whether you’re a seasoned driver or new to the road, knowing what to do if you have a punctured tire, a tire blowout, or a slow leak on a highway can help you face this unexpected challenge with confidence and ensure you get back on your journey as quickly and safely as possible.

Initial Steps for a Flat Tire: Staying Safe

Dealing with a flat tire can be stressful, especially on a busy road. To ensure your safety, follow these initial steps:

Find a Safe Location: Grip the steering wheel firmly to counteract the strong vibrations of your flat. Pull over to a safe spot, such as a breakdown lane on the side of the road or a nearby gas station. […]

Reading Slip and Fall Injury Lawyer

If you were the victim of a slip and fall accident, an experienced Reading slip and fall attorney at Munley Law can help you recover compensation. A slip and fall accident cause serious injuries that can take months to heal. You can file a personal injury lawsuit if the property owner’s negligence caused your accident. Our slip and fall injury lawyer will investigate your injury, get the evidence to prove your lawsuit and hold the property owner responsible. Don’t wait much longer; contact our slip and fall lawyers in Reading, PA, today to schedule a free consultation.

How Munley Law Can Help You in Reading Your Slip and Fall Case

Reading slip and fall injury lawyer Katie Nealon speaking on the phone with a client When you need compensation for your slip and fall accident injuries, you need to get an attorney on your side with proven experience. Your slip and fall lawyer needs to understand how to navigate the complicated liability issues in these premises liability cases and know what avenues to pursue to prove liability and calculate the total compensation you are owed. […]