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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Driver Hospitalized Following Car Crash Near High School in Lehigh Valley
A driver was sent to the hospital after suffering serious injuries following a car accident in South Whitehall Township.
According to news reports, around midnight on December 26, the driver lost control of their vehicle on North Cedar Crest Boulevard near Parkland High School. The vehicle ended up off the road and crashed into a line of nearby trees.
There is no word as to what caused the driver to lose control of the vehicle. Police are investigating the accident.
Single-Vehicle Accidents in Pennsylvania
Single-vehicle accidents in Pennsylvania represent a significant portion of all traffic incidents in the Commonwealth, with these crashes often occurring on rural roads and highways. These accidents frequently involve vehicles leaving the roadway, particularly during adverse weather conditions like snow, ice, or heavy rain, which are common in Pennsylvania’s climate. Fatigue and distracted driving are major contributing factors, […]
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Scranton Car Accident Attorneys
At Munley Law, our Scranton car accident lawyers have seen how devastating auto accidents can be for Scranton families. Our board-certified Scranton car accident attorneys understand Pennsylvania law inside and out, and we use that knowledge to build your case while you focus on recovery. Local insurance companies know our reputation in Lackawanna County – we don’t back down until our clients receive fair compensation.
Don’t let insurance adjusters pressure you into a quick settlement after your Scranton car accident claims. Contact our law firm today for a free consultation with our experienced auto accident attorneys. There is no fee unless we win your case.
Why You Should Hire an Auto Accident Lawyers in Scranton, PA
You might be unsure where to seek assistance following a car accident. Our auto accident lawyers want to be the first and last call you ever need to make because Munley Law Firm has the experience, […]
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What Are the Chances of Dying in a Car Crash?
It is common knowledge that when you climb into a motor vehicle, there is a certain level of risk. Car accidents are, in fact, one of the leading causes of death in the United States. But what exactly are the chances of dying in a car crash?
The Statistical Reality of Fatal Car Accidents
Motor vehicle crashes are a leading cause of death in the United States, taking the lives of over 100 people every day. There are critical factors that increase or decrease the risk of fatality in a car accident, such as the type of car crash, the kind of roadway and road conditions, the type of motor vehicle, the characteristics of the driver, and other factors. The statistical reality of fatal car accidents in the United States is as follows:
- Current fatality rates: In 2023, […]
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Bensalem Motorcycle Accident Lawyer
Motorcyclists face unique risks on Pennsylvania roads, and when accidents happen, the consequences can be devastating. At Munley Law, our Bensalem motorcycle accident attorneys understand the complex challenges riders encounter after a serious crash. We are dedicated to protecting the rights of injured motorcyclists and their families, fighting aggressively to secure the compensation and justice they deserve.
Riding a motorcycle offers a sense of freedom, but it also exposes riders to significant dangers. The bustling roads around Bensalem, including heavily trafficked areas like Route 1 and Street Road, present constant risks of serious accidents. Motorcyclists are particularly vulnerable to severe injuries due to minimal protection compared to enclosed vehicles. When negligent drivers, poor road conditions, or other factors lead to a motorcycle crash, the physical, emotional, and financial toll can be overwhelming.
A Bensalem motorcycle accident lawyer at Munley Law Personal Injury Attorneys plays an indispensable role in navigating the complex legal terrain, […]
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What Happens After a Fatal Car Accident?
A fatal car accident completely changes the trajectory of the lives of a victim’s loved ones. They are unpreventable and sudden, and therefore it is hard to even make a plan for what you should do if a loved one dies in an accident. A part of coping with the loss can be to seek out legal action against the other driver. This is a valid response to such an accident, and it is important to know the process of getting your loved one justice.
If you lost a loved one because of the carelessness of another driver, understand that Munley Law Personal Injury Attorneys is here to help you through this difficult time. We will go after all those involved in your loved one’s death and will make sure both you and your family are compensated for any damages caused by the fatal accident. To start a wrongful death claim for your loved one’s car accident, […]
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