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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Chester Motorcycle Accident Lawyer
If you’ve been injured in a motorcycle accident in Chester, Pennsylvania, an experienced Chester motorcycle accident lawyer from Munley Law can help you navigate your legal options. Our firm understands Pennsylvania state laws and the unique challenges motorcycle riders face following an accident.
Since 1959, Munley Law has provided exceptional legal representation to motorcycle accident victims throughout Chester and Delaware County. We represent motorcyclists injured due to other drivers’ negligence, unsafe road conditions, or defective equipment.
Our team has helped hundreds of injured riders secure compensation for medical costs, lost wages, property damage, and suffering. Understanding that motorcycle accidents cause severe injuries requiring extensive treatment and time off work, we combat insurance companies that try to minimize payouts to motorcyclists. We build strong cases by working with investigators, medical experts, and insurance specialists. Call Munley Law for a free 24/7 consultation with our Chester personal injury attorneys—you pay nothing unless we win. […]
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Are Electric Vehicles Safe in an Auto Accident?
Yes, electric vehicles are generally as safe as conventional vehicles in accidents. Research shows EVs have comparable overall safety records, and many models earn top safety ratings. However, they present different safety characteristics that drivers should understand.
Electric vehicles offer promising environmental benefits and innovative technology while presenting unique safety factors that every driver should know about. As EVs become increasingly common on our roads, knowing their specific characteristics could make a critical difference if you’re involved in a car accident.
The Growing Popularity of Electric Vehicles
The shift toward electric transportation is happening at an impressive pace. In 2023, the U.S. registered 1.4 million EVs—a 40% increase from the previous year. China is projected to manufacture approximately three million EVs by 2024, while the Environmental Protection Agency estimates that by 2032, half of all new passenger vehicles sold will be electric. […]
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Chester Medical Malpractice Lawyer
When doctors, nurses, or hospitals make preventable errors, patients suffer serious injuries that impact their health, ability to work, and quality of life. If you or your loved one was injured at the hands of a negligent medical provider in Chester, you have the right to file a medical malpractice claim to recover compensation for your losses.
Munley Law’s top-rated team of Chester medical malpractice attorneys i have helped Pennsylvania families recover millions in compensation after medical errors – from misdiagnosis and surgical mistakes to birth injuries and medication errors. While you focus on your health and recovery, our medical malpractice attorneys will hold negligent medical professionals accountable and get you the money you need for medical bills, lost wages, and ongoing care. Call the Chester personal injury lawyers at Munley Law for a free consultation about your medical malpractice case.
What Is Medical Malpractice? […]
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Chester Wrongful Death Lawyer
If you’re searching for answers after losing a loved one due to someone else’s negligence, the Chester wrongful death attorneys at Munley Law understand the profound impact this loss has on your family. Our experienced legal team has helped families throughout Chester and Delaware County seek justice for the death of a loved one and secure their futures.
Pennsylvania law allows family members to seek compensation when negligence leads to death. At Munley Law, we’ve spent decades representing families in wrongful death cases stemming from medical errors, workplace accidents, motor vehicle crashes, and other preventable incidents. We handle the legal complexities while ensuring your family’s rights and interests remain protected throughout the process.
We know that no amount of compensation can make up for your loss. However, holding responsible parties accountable can help prevent similar tragedies and provide the financial security your family needs to move forward. […]
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Chester Premises Liability Lawyer
A Chester premises liability lawyer at Munley Law represents individuals injured by dangerous conditions on someone else’s property. Our experienced attorneys understand premises liability law and the serious impact these injuries can have on daily life. Pennsylvania’s property laws and specific time limits for filing claims make having a knowledgeable personal injury attorney essential for protecting your rights.
At Munley Law, we have successfully handled personal injury lawsuits, including premises liability cases, to secure fair compensation for our clients throughout Chester and Delaware County. Whether you were injured in a slip and fall at a local business, hurt due to poor maintenance at an apartment complex, or experienced any other accident on someone else’s property, our legal team is ready to evaluate your case.
Contact our Chester personal injury lawyers today for a free consultation. We’ll review your case, answer your questions, and help you understand your options for pursuing compensation. […]
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