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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Hit and Run Car Accidents in Scranton, PA
In the wake of a hit and run accident, victims are often left with more questions than answers. The physical and emotional trauma can be overwhelming, and the legal complexities that follow can add to the stress. This is where a dedicated car accident lawyer in Scranton becomes invaluable. A skilled attorney can navigate the legal labyrinth, fighting for your rights and working tirelessly to secure the compensation you deserve.
At Munley Law, we believe in a client-centered approach. From the moment you reach out to us, we’re committed to providing you with comprehensive legal support. Our Scranton car accident attorneys are available around the clock, ready to answer your questions, address your concerns, and guide you through the legal process. We handle everything from collecting evidence and filing claims to negotiating with insurance companies and representing you in court.
Why You Need a Scranton Car Accident Attorney
The aftermath of a hit and run accident can be complex and stressful. […]
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Common Types of Truck Accident Cases
A collision with a large commercial truck can be one of the most devastating and serious accidents a motorist can be involved in. There are many types of truck accidents but they have one thing in common: They can all have long-lasting effects on truck accident victims. If you were involved in a car accident with a commercial truck, you will need an experienced truck accident lawyer at Munley Law for your personal injury.
Don’t wait. Contact a truck accident attorney today for a free consultation.
What Are the Common Types of Trucking Accidents?
A truck accident refers to any collision or incident involving a commercial truck, such as a semi-truck, tractor-trailer, or other large freight carrier. These accidents can involve a variety of scenarios, including collisions with other vehicles, pedestrians, or fixed objects, as well as rollovers, […]
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Kentucky Truck Accident Lawyer
Kentucky’s roads are no stranger to long-haul trucking. Major interstates like I-64, I-65, I-71, I-75, and I-24 connect
essential cities and states and see much trucking activity. Highways and parkways like the Bluegrass Parkway, Western Kentucky Parkway, and Cumberland Parkway are also well-traveled for regional logistics.
With so many trucks on the road, accidents are bound to happen. Because of all the details involved with commercial vehicle accidents, getting fair compensation can be complicated if you or a loved one is injured in a truck accident in Kentucky.
Building a solid case involves thorough investigation, understanding trucking regulations, and sometimes recreating the accident scene. Insurance companies often try to settle for as little as possible, so knowing your rights is essential. This is where the expertise of a personal injury lawyer specializing in truck accidents comes into play. […]
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Tractor Trailer Accidents
The Munley Law tractor trailer truck accident lawyers have won millions for our clients, securing their financial future amid overwhelming uncertainty. We deeply understand what you and your family are going through, and we are confident we can help.
Your initial consultation with one of our trucking accident attorneys is always free. Call today to speak with an experienced trucking lawyer who will guide you through the claims process and spearhead your case.
The Role of a Tractor Trailer Accident Attorney
Simply put, your truck accident lawyers should completely take over the truck accident claim for you. Your only responsibility during the process should be to recover and start to rebuild your life. Here is what your truck accident lawyer should be handling:
- Determining Liable Parties: The truck accident attorneys will gather evidence from the accident scene, […]
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Tanker Truck Accidents
If you were injured in a tanker truck accident, you probably have hundreds of questions swirling in your head: What will my life look like moving forward? How will I pay for the property damage and my new medical bills? Those questions are valid, and the tanker truck accident lawyers at Munley Law have answers.
At Munley Law, we offer free consultations to new clients. You can sit down with an experienced truck accident lawyer who will assess your case, answer your questions, and lay out your legal options.
What is a Tanker Truck?
Because of the type of cargo carried, an accident involving tanker trucks can cause widespread devastation to other vehicles and their passengers in mere minutes. The impact of the truck accident can inflict a lifetime of hardship on each victim. Tanker trucks carry gasoline, diesel, and liquefied petroleum or natural gas. […]
