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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York Motorcycle Accident Lawyer
When the unexpected occurs, and the sound of a revving engine is replaced by the cacophony of legal complexities, having a steadfast ally becomes paramount. This is where a York motorcycle accident attorney steps into the scene, not only as a legal representative but as a pillar of support for those grappling with the aftermath of a motorcycle accident.
The accident lawyers at Munley Law are advocates dedicated to safeguarding the rights of riders when they need it most, leveraging their knowledge of local terrain and laws to construct a robust case. From negotiating with insurance companies to litigating in court, their expertise can make all the difference in ensuring that justice is served and rightful compensation is obtained.
Common Causes of Motorcycle Accidents in York, PA
Motor vehicle accidents can occur due to a variety of factors, often resulting from a combination of human error (such as breaking traffic rules or not following the speed limit), […]
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Bethlehem Spinal Cord Injury Lawyer
Spinal cord injuries can make you instantly feel vulnerable physically, mentally, emotionally, and financially. You need an experienced lawyer with a successful track record, exceptional resources, and the scope to get you the maximum compensation that you are entitled to: you need the Bethlehem spinal cord injury lawyers at Munley Law Personal Injury Attorneys.
If you, or a loved one, have a spinal cord injury due to someone else’s negligence, navigating how to get support and compensation during this extremely difficult time can be overwhelming. Time is of the essence. Contact our Bethlehem spinal cord lawyers today via chat, email, or phone to schedule a free case evaluation.
What Is A Spinal Cord Injury (SCI)?
Spinal cord injuries can present themselves in various ways, depending on where the injury is. A spinal cord injury occurs when damage creates a loss of motor function and/or feeling or sensation. […]
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York Wrongful Death Lawyer
Losing a loved one unexpectedly is a heart-wrenching experience, filled with emotional turmoil and unexpected challenges. Wrongful death cases add to this distress, intertwining grief with complex legal processes and the quest for justice. These cases often involve intricate legalities that demand a comprehensive understanding of the local York, PA laws. During such emotionally taxing times, it’s paramount to seek a guiding hand in navigating these legal mazes.
This is where Munley Law Personal Injury Attorneys step in. With a strong reputation in the York community, our seasoned team is uniquely positioned to offer expert legal representation, ensuring that justice is served. We encourage you to entrust your case with our law firm of Munley Law Personal Injury Attorneys – because when it comes to personal injury cases in York, we stand unmatched in experience and dedication. Don’t navigate this journey alone; let us be your beacon during these challenging times. […]
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Bensalem Catastrophic Injury Lawyer
The journey towards securing justice and fair compensation after a catastrophic injury is both distinctive and challenging, which is why it is in your best interest to partner with the Bensalem catastrophic injury lawyers at Munley Law. We offer a free case evaluation to new clients where you will speak with an experienced personal injury attorney who will guide you through the legal process and work to ensure you recover the compensation you deserve.
Understanding the Nature of a Catastrophic Injury
When it comes to personal injuries, not all are created equal. Some are so severe that they drastically change the course of a person’s life, which brings us to the realm of catastrophic injuries.
Definition and explanation of a catastrophic injury
A catastrophic injury typically refers to injuries that have life-altering consequences and prevent individuals from performing any gainful work. […]
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Abington Truck Accident Lawyer
If you or a loved one has been hurt in a truck accident in Abington Township, PA, don’t wait to contact an Abington truck accident lawyer at Munley Law. We have spent over 60 years battling the trucking companies and their insurance companies to make sure truck injury victims in Montgomery County are fully compensated. Reach out to a Munley Law personal injury attorney today to schedule a free consultation and learn how we can protect your best interests.
Common Causes and Types of Trucking Accidents
Statistics from the Pennsylvania Department of Transportation show that in 2022, crashes involving heavy trucks were the highest they had been in five years. These accidents, like accidents involving passenger vehicles, can be caused by a variety of factors, but there are some elements that are specific to truck accidents. In some cases, […]
