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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Harrisburg Motorcycle Accident Lawyer
A Harrisburg motorcycle accident lawyer at Munley Law understands the devastating impact a crash can have on you and your family. The aftermath of a motorcycle accident often brings severe injuries, mounting medical bills, and overwhelming stress as you try to navigate insurance claims while focusing on recovery.
Our experienced attorneys have seen firsthand how these accidents can permanently alter lives. We know that motorcycle riders face unique challenges on Harrisburg roads, and when accidents occur, the injuries tend to be catastrophic. Insurance companies may try to minimize your claim or unfairly blame you for the crash.
You shouldn’t have to face these challenges alone. Our legal team will handle every aspect of your case, from investigating the accident and documenting damages to negotiating with insurance companies, allowing you to focus on what matters most – your recovery. […]
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Pottsville Car Accident Lawyer
If you’ve been injured in a car accident in Pottsville, Pennsylvania, you may be facing mounting medical bills, lost wages, and stress about what to do next. At Munley Law, our experienced Pottsville car accident lawyers are here to guide you every step of the way.
With decades of combined experience in handling car accident cases in the Pottsville area, Munley Law has earned a reputation as the region’s leading personal injury law firm, providing compassionate service, expert legal guidance, and a track record of success. If a negligent or reckless driver caused you or your loved ones harm, you deserve to be compensated for your losses.
For a no-obligation, free consultation, contact our Pottsville car accident lawyer at Munley Law today.
Why You Need a Pottsville Pennsylvania Car Accident Lawyer
Car accidents in Pottsville can present some complicated legal challenges. […]
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Philadelphia Motorcycle Accident Lawyer
A Philadelphia motorcycle accident lawyer at Munley Law knows that collisions between motorcycles and larger vehicles often result in catastrophic injuries for riders. With only clothing and perhaps a helmet for protection, motorcyclists are completely vulnerable to the full force of impact in a crash involving cars, SUVs, or commercial vehicles.
The aftermath of a motorcycle accident brings unique legal challenges. Without experienced legal representation, insurance companies may exploit these complexities, pressuring injured riders to accept settlements far below what they deserve.
For 65 years, the motorcycle accident attorneys at Munley Law have successfully fought for riders’ rights. Our deep understanding of Pennsylvania traffic laws and insurance practices has helped us secure substantial client settlements and awards. Our expertise is recognized by peers who consistently select us as Best Lawyers in America, and many of our partners hold board certification from the National Board of Trial Advocacy. […]
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Bensalem Workers’ Compensation Lawyer
A Bensalem workers compensation lawyer from Munley Law can guide you through securing the benefits you deserve after a workplace injury. Getting hurt on the job can leave you worried about medical bills and lost wages while navigating Pennsylvania’s complicated workers’ compensation system. Our experienced attorneys have helped countless injured workers successfully obtain their rightful benefits. We understand how insurance companies and employers may try to minimize or deny valid claims. You need a skilled workers comp attorney in Bensalem who knows the law and will fight to protect your rights.
At Munley Law, we handle every aspect of your workers’ compensation case, from filing the initial claim to appealing denials if necessary. Contact us today to learn how our proven track record of success can work for you.
The Workers’ Compensation Claim Process in Bensalem, PA
Pennsylvania workers’ […]
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Pittsburgh Drowsy Driving Accident Lawyer
Falling asleep at the wheel can result in catastrophic accidents, leading to severe injuries or even fatalities. When someone is sleepy behind the wheel, their brain power, reflexes, and decision-making skills are impaired, just like when they’ve had a few too many drinks.
Our experienced team of Pittsburgh drowsy driver accident attorneys understands the devastating consequences of drowsy driving and is committed to fighting for your rights. Munley Law has a proven track record of successfully handling drowsy driving cases, holding negligent drivers accountable, and securing maximum compensation for our clients. With our knowledge of the Pittsburgh, PA, laws and regulations surrounding drowsy driving accidents, we are equipped to navigate the complexities of your case. Your well-being is the priority, and we will provide personalized attention, guiding you through the legal process while ensuring your voice is heard.
If you or your loved one has been involved in a Pittsburgh drowsy driving accident, […]
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