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

What is the Most Common Cause For Motorcycle Accidents in Philadelphia?

Philadelphia is an exciting city to experience while riding a motorcycle. However, one must also be aware of the common causes of accidents and what makes for safe precautions and practice. The causes of motorcycle accidents include distracted drivers, lane-splitting, speeding, and dangerous road conditions, among others; however, distracted driving is amongst the most common, and it is often instigated due to a host of other reasons. By avoiding these negligent acts and being cautious, motorcycle riders can find safe rides on the streets of Philadelphia. The most important step to achieving these safety measures is understanding their main causes.

What Are the Common Causes of Motorcycle Accident Crashes in Philadelphia?

Motorcycle accident lawyer Due to factors such as traffic congestion, distracted drivers, poor road conditions, and inclement weather, drivers in Philadelphia face a unique set of challenges. Approximately 64% of motorcycle fatalities happen in urban settings, […]

Drowsy Driving Accident Lawyers

Drowsy Driving Accident Attorneys

If you have been injured in a vehicle accident caused by a drowsy driver, our drowsy driving accident lawyer is ready to help. You may be entitled to recover damages that include medical costs, property loss, lost wages, and pain and suffering. It’s essential to have a top personal injury law firm to help you with your claim. For more than 60 years, the lawyers at Munley Law have been assisting clients with their claims. We can provide you with a free, no-obligation consultation on your case, and we will fight to get you the justice and compensation you deserve.

How Dangerous is Drowsy Driving?

Drowsy driving occurs frequently because fatigue is widespread, one of the common causes of car accidents. People often begin their morning work commute after a poor night’s sleep – and those driving long distances usually push themselves to go greater distances without breaks. […]

The Importance of Legal Representation After a Bethlehem Pedestrian Accident

Pedestrian accidents can be physically and financially devastating to victims and their families, making it important to secure legal representation for your Bethlehem pedestrian accident case right away. With a Bethlehem pedestrian accident lawyer from Munley Law, you will have a professional legal team to go up against the insurance company or the negligent driver so you can focus on your health.

As a pedestrian, you have rights. Call Munley Law following your accident to begin the legal process.

How Often Do Pedestrian Accidents Occur?

In 2022, the Pennsylvania Department of Transportation (PennDOT) reported 3,160 pedestrian injuries and 184 fatalities, representing nearly three percent of all reported traffic incidents and more than 15 percent of fatalities.

Both victims and their families can benefit from retaining a pedestrian accident attorney early on, as data shows that personal injury victims who secure legal help get more compensation than victims who do not. […]

What Does an Easton Truck Accident Lawyer Do?

A truck accident lawyer is a special kind of personal injury lawyer who represents individuals involved in truck accidents in the Easton area, offering services such as investigating the accident, negotiating with insurance companies, and pursuing compensation for damages.

If you were injured in a truck accident in Easton or elsewhere in the Lehigh Valley, you have the right to seek compensation from the at-fault party. This is where a truck accident lawyer can help you. Contact an experienced Easton truck accident lawyer at Munley Law Personal Injury Attorneys for a free case review. We do not get paid unless we win your case.

How Can an Easton Truck Accident Lawyer Help Me After a Truck Accident?

An Easton truck accident lawyer can assist you after an accident by navigating the legal complexities to secure compensation for your injuries, dealing with insurance companies, […]

Philadelphia Cerebral Palsy Lawyer

If you or someone you know is living with cerebral palsy as the result of medical negligence in Philadelphia, finding the right lawyer can make a big difference. A Philadelphia cerebral palsy lawyer specializes in helping individuals and families affected by this condition navigate legal matters. They can provide support and guidance to ensure that the rights of those with child’s cerebral palsy are protected.

From seeking compensation for medical expenses to advocating for accommodations, these lawyers play a vital role in standing up for their clients’ well-being when unfortunate cerebral palsy cases or a brain injury occurs.

Understanding Cerebral Palsy

Cerebral palsy is a condition impacting movement and muscle coordination, typically caused by brain damage or brain injury before or during birth. This damage affects muscle control, leading to challenges with movement, posture, and balance.

While cerebral palsy isn’t curable, […]