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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Tanker Truck Accidents
If you were injured in a tanker truck accident, you probably have hundreds of questions swirling in your head: What will my life look like moving forward? How will I pay for the property damage and my new medical bills? Those questions are valid, and the tanker truck accident lawyers at Munley Law have answers.
At Munley Law, we offer free consultations to new clients. You can sit down with an experienced truck accident lawyer who will assess your case, answer your questions, and lay out your legal options.
What is a Tanker Truck?
Because of the type of cargo carried, an accident involving tanker trucks can cause widespread devastation to other vehicles and their passengers in mere minutes. The impact of the truck accident can inflict a lifetime of hardship on each victim. Tanker trucks carry gasoline, diesel, and liquefied petroleum or natural gas. […]
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Garbage Truck Accidents
A garbage truck, also known as a waste collection vehicle, is designed to pick up waste and haul it to landfills and/or recycling or treatment facilities. Garbage truck accidents present severe risks due to their size and the nature of their routes through residential areas. If you or a loved one have been injured in an accident with a waste collection vehicle, it’s essential to contact an experienced garbage truck accident lawyer to help with your personal injury claim.
What Does a Garbage Truck Accident Lawyer Do?
A garbage truck accident attorney is a personal injury lawyer specializing in garbage truck accident cases. They are instrumental in navigating the aftermath of such incidents. From investigating the details of the accident to gathering evidence and advocating for your rights in negotiations and courtrooms, they’re your trusted allies in seeking fair compensation and justice. […]
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Should I Get a Lawyer for My Scranton Car Accident?
If you’ve been involved in a car accident in Scranton, Pennsylvania, you might wonder whether you need to hire a lawyer. The short answer is: in most cases, yes. Engaging a skilled car accident attorney in Scranton can be essential for your case.
Factors to Consider When Hiring a Scranton Auto Accident Lawyer
When you’ve been involved in a car accident in Scranton, several key factors can help you determine whether hiring a lawyer is necessary:
- Severity of injuries: If you or your passengers have suffered significant injuries requiring extensive medical treatment, you should consult a car crash attorney. Serious injuries often lead to substantial medical bills and potential long-term impacts on your life, which a lawyer can help you address in your claim.
- The case’s complexity: Some car accidents are straightforward, while others involve multiple parties, […]
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Abington Personal Injury Lawyer
In the wake of personal injury accidents in Abington Twp., PA, the path to recovery can often be a complex journey laden with unforeseen challenges. Whether navigating the repercussions of a car accident on the bustling roads of Old York Road or a slip and fall near the historic Briar Bush Nature Center, the expertise of a seasoned Abington personal injury lawyer can be your guiding force.
Our team is equipped to handle Abington personal injury cases with a tailored approach, whether your case involves premises liability, a defective product, a car accident, or any other personal injury. Trust in a firm that embodies the spirit and determination of Abington, steering you towards justice with unwavering dedication and expertise. Contact a Philadelphia personal injury attorney at Munley Law today for a free consultation if you or your loved one has been injured.
Abington, […]
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Abington Wrongful Death Lawyer
Losing a loved one is a devastating experience, but when that loss is the result of wrongful death, the pain can be unimaginable. The emotional turmoil is often accompanied by significant financial strain, leaving families overwhelmed and unsure where to turn for help. In such challenging times, legal representation becomes crucial. If you find yourself grappling with such a loss in Abington, PA, you’re not alone—Munley Law Personal Injury Attorneys are here to assist you. We specialize in wrongful death cases and are committed to helping you secure the compensation you deserve. As a local firm with a deep understanding of Abington laws and regulations, we know what it takes to build a strong case. With Munley Law by your side, you can be confident you’ve chosen an experienced Abington PA wrongful death lawyer, capable of advocating for your rights while providing the compassionate guidance you need during this difficult period. […]
