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
Cumberland County, PA – One Sent to Hospital Following Multi-Vehicle Crash on Route 114
Cumberland County, PA (February 6, 2025) – One person was taken to the hospital following a multi-vehicle accident in Cumberland County on February 5.
According to news reports, the crash occurred on PA 114 westbound at the Honey Locust Drive and Old Willow Mill Road intersection. Witnesses say that EMS had treated victims at the scene of the accident. One person was seen taken out on a stretcher.
No word on what caused the accident or how many people were injured. Police are investigating.
Witnesses at the Scene of a Car Accident in Pennsylvania
Witnesses play an important role in personal injury cases following car accidents, serving as independent sources of information that can significantly impact the outcome of insurance claims and potential lawsuits. Their unbiased accounts can help establish fault, provide detailed descriptions of how the accident occurred, […]
Read MoreMore information about Insurance
King of Prussia Car Accident Lawyer
The King of Prussia car accident lawyers at Munley Law understand how a serious automobile accident can disrupt your life and overwhelm you. Since 1959, our legal team has helped injured individuals throughout Montgomery County with personal injury cases and fought to receive maximum compensation.
The King of Prussia area presents unique challenges for drivers, from heavy mall traffic to dangerous highway merges on I-76 and US-202. Our experienced car accident lawyers understand the local region and know how to build the strongest possible cases for our clients.
Contact us today for a free consultation to discuss your rights and options after a car accident in King of Prussia. We are available 24/7 to take your call and begin protecting your interests.
Why Choose Munley Law’s Car Accident Attorneys in King of Prussia?
Experience and proven results matter when choosing a car accident lawyer in King of Prussia. […]
More information about Insurance
King of Prussia Personal Injury Lawyer
If you’ve been injured in Montgomery County, a King of Prussia personal injury lawyer at Munley Law stands ready to help you. For 65 years, our law firm has fought for accident victims throughout Pennsylvania, securing millions in compensation for our clients. Our track record includes significant verdicts and settlements in car accidents, workplace injuries, medical malpractice, and wrongful death cases.
The aftermath of a serious injury brings mounting medical bills, lost wages, and uncertainty about the future. Our attorneys take care of the legal battle while you focus on recovery. We work with medical experts, accident reconstruction specialists, and economic analysts to build strong cases that prove liability and document the full extent of your damages.
Most importantly, we understand that each case represents a person whose life has been disrupted by injury. Our attorneys take the time to understand your injury and how it affects all aspects of your daily life. […]
Read MoreMore information about Insurance
Common Types of Heavy Machinery Accidents
Workplace accidents involving heavy equipment can be life-altering. Beyond the immediate trauma and pain, you may be facing mounting medical bills, lost income, and challenges in your daily life. If you’ve been injured in such an accident, you should know that you have options for financial recovery.
You can pursue coverage for your medical expenses and lost wages through workers’ compensation. In some cases, you may also be eligible to file a claim against third parties whose negligence contributed to your accident, which could provide additional compensation for your pain and suffering. Let us help you understand your rights and explore all available paths to recovery.
Speak with a heavy equipment accident lawyer at Munley Law to learn more about your legal options. We’re prepared to fight for the full amount of compensation you deserve. Get started today by contacting us for a free consultation. […]
Read MoreMore information about Insurance
Aspinwall, PA – Woman in Critical Condition After Being Hit by SUV
Aspinwall, PA (February 5, 2025) – An elderly woman was rushed to the hospital after she was hit by an SUV while crossing the street in Aspinwall, PA on February 5.
According to news reports, Allegheny County police responded to a call around 7 a.m. of a pedestrian accident in Aspinwall. Police say the woman was crossing Delafield Road towards St. Margaet Drive near UPMC St. Margaret’s Hospital when she was struck by an SUV making a left turn from Freeport Road.
The woman was taken to the hospital in critical condition. The driver stayed at the scene and is cooperating with the police.
Police are continue to investigate the accident.
Pedestrian Accidents in Allegheny County
According to the Pennsylvania Department of Transportation, pedestrian safety is an ongoing concern in Allegheny County. In the past three years, […]
Read More
