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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Cerebral Palsy Lawyer
Cerebral Palsy Caused by Medical Negligence
Cerebral palsy (CP) is a lifelong neurological disorder caused by birth injuries. It affects mobility, speech, and overall well-being. If you think medical malpractice played a role in your child’s cerebral palsy, you should seek guidance from an experienced cerebral palsy lawyer right away. You and your family may be entitled to significant financial compensation.
At Munley Law, our dedicated cerebral palsy attorneys can help you understand your legal options and fight for the compensation you deserve. Call today for a free consultation with a compassionate cerebral palsy lawyer who will listen to your story and offer a reasonable assessment of your case.
What is Cerebral Palsy?
To better understand your child’s condition, let’s break down exactly what cerebral palsy is. According to the Centers for Disease Control and Prevention (CDC), […]
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Williamsport Truck Accident Lawyers
If you were injured in a truck crash on I-80, I-180, Route 15, Route 220, or any other main roads running through Williamsport and Lycoming County, contact the truck accident team at Munley Law Personal Injury Attorneys for a free consultation. We will review the details of your case and advise you about what to do next. There is no charge for our services unless we win your case.
At Munley Law, we understand the devastating impact of commercial truck accident injuries. We also know how vigorously the trucking companies and insurers will fight to avoid liability. With decades of experience, we have helped numerous clients recover millions for their truck accident injuries, and we have a hard-earned reputation for ensuring that all of our clients receive just compensation.
Why Choose a Williamsport Truck Accident Lawyer at Munley Law?
Our lawyers have devoted decades to tractor trailer and major transportation accident cases. […]
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Williamsport Garbage Truck Accident Lawyer
Williamsport garbage trucks routinely travel the neighborhood streets, collecting waste and ensuring the landscape remains pleasant for residents and visitors. Unfortunately, when these garbage trucks are involved in accidents, it often leads to substantial damage and raises several legal complexities. From determining who is the liable party to dealing with insurance claims, there are essential steps to take in the event of this type of serious accident. Our Williamsport truck accident lawyers are ready to help if you’ve been in a garbage truck accident.
What Does a Garbage Truck Accident Attorney Do?
In an accident involving a garbage truck that results in injury, you may have grounds to seek compensation for various losses, such as medical bills, pain and suffering, lost wages, and more. Seeking this compensation can be a real challenge in these types of cases, and that’s where experienced garbage truck accident lawyers come in. […]
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Philadelphia Brain Injury Lawyer
Why You Need a Philadelphia Brain Injury Attorney
Suffering a brain injury can drastically alter your life, creating physical, emotional, and financial challenges. Whether your traumatic brain injury (TBI) is mild, moderate, or severe, you deserve compassionate and experienced legal support. At Munley Law, our dedicated Philadelphia brain injury attorneys can assist you to secure compensation to cover medical expenses, lost wages, and ongoing care.
Brain trauma has unpredictable outcomes, requiring specialized expertise to navigate complex insurance claims and medical evidence. Our attorneys understand these challenges, negotiate with insurance companies, gather critical evidence, and protect your legal rights. Trust our skilled legal advocates to hold negligent parties accountable.
Contact our Philadelphia brain injury law firm today for a free consultation.
Understanding Traumatic Brain Injury: Symptoms and Severity
Traumatic brain injuries (TBIs) occur when an external force, […]
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Williamsport Tractor Trailer Accident Lawyer
In the aftermath of a tractor trailer accident in Williamsport, having a skilled and experienced lawyer on your side is a game changer. A Williamsport tractor trailer accident lawyer is someone who specializes in helping individuals who have been involved in such accidents. They understand the complexities of these cases and can provide expert guidance and representation throughout the legal process.
If you’ve been affected by a tractor trailer accident in Williamsport, contacting a knowledgeable Williamsport tractor trailer accident lawyer at Munley Law can help you get your life back on track.
How Dangerous Are Tractor Trailer Accidents?
Tractor trailer accidents pose significant dangers on the road due to various factors. Firstly, the size and weight disparity between a tractor trailer and a passenger vehicle can lead to devastating consequences in a collision. The sheer mass of a tractor trailer can result in catastrophic injuries for occupants of smaller vehicles involved in the accident. […]
