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

The Chances of Getting Into a Motorcycle Crash in Philadelphia

Riding in Philadelphia can be especially risky for motorcyclists. The city has notoriously dangerous roads like the Schuylkill Expressway, the Blue Route, Broad Street, and Roosevelt Boulevard. With one of the highest traffic fatality rates for its size, Philadelphia sees a significant number of motorcycle crash fatalities. Philadelphia motorcyclists face greater risks of injury and wrongful death due to congested roads, poor road conditions, aggressive traffic dynamics, and negligent driving.

Our motorcycle accident lawyers at Munley Law Personal Injury Attorneys have over 65 years of experience. We understand Pennsylvania traffic laws and how insurance companies work. Our Philadelphia motorcycle accident attorneys have achieved significant settlements and awards for our clients, earning national recognition. Contact us today for a free consultation, and let us fight for the compensation you deserve.

Pennsylvania Motorcycle Accident Statistics

According to the Pennsylvania Department of Transportation (PennDOT, […]

Munley Law Lawyers Named to 2025 Best Lawyers in America® List

Munley Law is pleased to announce that all ten personal injury lawyers have been included in the 2025 Edition of The Best Lawyers in America®.

The following lawyers were named 2025 Best Lawyers in America® in the following practice areas:

Marion Munley – Medical Malpractice Law – Plaintiffs, Personal Injury Litigation – Plaintiffs, and Product Liability Litigation – Plaintiffs
Daniel W. Munley – Medical Malpractice Law – Plaintiffs, Personal Injury Litigation – Plaintiffs, and Product Liability Litigation – Plaintiffs
James Christopher Munley – Medical Malpractice Law – Plaintiffs, Personal Injury Litigation – Plaintiffs, Product Liability Litigation – Plaintiffs, and Workers’ Compensation Law – Claimants
Caroline Munley – Medical Malpractice Law – Plaintiffs, Personal Injury Litigation – Plaintiffs, Product Liability Litigation – Plaintiffs, and Workers’ Compensation Law – Claimants
Robert W. Munley III – Personal Injury Litigation – […]

Pittsburgh Pedestrian Accident Lawyer

Despite advances in safety technology and awareness, pedestrian accidents continue to occur at alarming rates. These accidents are avoidable. When a pedestrian is hit by a car in downtown Pittsburgh or anywhere in the city, the consequences can be life-threatening. The faster the vehicle is moving, the more severe the injuries will be. If you were injured in a pedestrian accident, you will likely be facing significant medical costs, missed time from work, and an uncertain financial future.

As the victim of someone else’s negligent behavior, you shouldn’t have to face these costs on your own. A Pittsburgh personal injury lawyer from Munley Law can help you obtain the compensation you need to recover from your injuries and be made whole again.

If you or someone you love was struck by a vehicle in Pittsburgh, the pedestrian accident lawyers at Munley Law Personal Injury Attorneys are available to speak with you. […]

How Serious Does a Collision Have to Be for Airbags to Deploy

Airbags are designed to protect you in severe crashes, but they don’t go off in every accident. In modern vehicles, airbag sensors measure the impact and determine whether airbags should be deployed. This decision is influenced by factors such as the speed you’re traveling, the type of crash, and where your vehicle is hit. Typically, airbags will deploy in collisions at speeds over 10 miles per hour. For example, if you hit a stationary object or are involved in a rear-end collision, the airbags may go off. However, seat belts alone may be enough to keep you safe in these crashes, and the airbags might not deploy.

Vehicle Safety System and Airbags

Airbags are just one part of your vehicle’s safety system. Seat belts play a critical role in keeping you secure during a crash. They hold you in place, […]

What is a Workplace Injury in Harrisburg, PA?

Harrisburg, the capital city of Pennsylvania, has a diverse employment landscape, from its bustling transportation hubs and manufacturing plants to administrative roles in government sectors. Despite safety measures, workplace injuries are not uncommon. A work related injury is defined as any harm or illness sustained due to job-related activities.

Such incidents can range from minor cuts or bruises to more severe traumas. Harrisburg residents, when facing the repercussions of such misfortunes, often find themselves in a complex works compensation claim. This inevitable adds extreme amounts of stress to an already-stressful situation.

In these trying times, it is essential for injured workers to understand their legal rights. The Harrisburg workers compensation lawyers at Munley Law have extensive knowledge of Pennsylvania law. Our attorneys will work to ensure that the injured workers’ rights are protected and they secure fair compensation for their work related injuries. Call today for a free consultation with a Munley workers compensation lawyer to get your case started. […]