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
How Do I Find the Best Philadelphia Car Accident Lawyer Near Me?
When the unexpected happens on Philadelphia’s busy streets and highways, and you find yourself involved in a car accident, the aftermath can be overwhelming. Dealing with injuries, property damage, and insurance companies can quickly become a complex and daunting task. In times like these, having the right legal representation by your side can make all the difference.
This article is your guide to navigating the process of finding the best Philadelphia car accident lawyer near you. We’ll explore the crucial steps you need to take, the qualities to look for in an attorney, and the factors that can help you make an informed decision. Whether you’re a local resident or someone seeking legal help in the City of Brotherly Love, understanding how to find the right lawyer for your car accident case is paramount to achieving justice and obtaining the compensation you deserve.
The Importance of Having a Lawyer After a Car Accident
Experiencing a car accident is a stressful and disorienting event, […]
Read MoreMore information about Insurance
How Long Does a Car Accident Lawsuit Take in Harrisburg, PA?
A car accident can happen when you least expect it, thrusting you into a complex and often daunting legal process. Understanding the timeline of a car accident lawsuit is crucial, as it can significantly impact your life during the recovery period. From filing a complaint to navigating the intricacies of the Pennsylvania court system, the duration of your lawsuit can vary widely based on numerous factors.
Here, we’ll delve into the question on every accident victim’s mind: How long does a car accident lawsuit take in Harrisburg, PA? We’ll explore the stages of the legal process, the factors influencing its duration, and the vital role of a Harrisburg car accident lawyer in guiding you through this challenging journey.
Understanding the Legal Process in Harrisburg, PA
The legal process after a car accident can feel daunting, but it can help for victims to understand exactly what to expect. […]
Read MoreMore information about Insurance
When should I call a Harrisburg injury lawyer after a car accident?
Car accidents can be a traumatic and overwhelming experience. In the immediate aftermath, victims often grapple with a whirlwind of emotions, from shock and disbelief to anxiety about the future. Amidst the chaos, one critical question emerges: “do I need a lawyer?” As the injured victim of a Harrisburg car accident, it can be difficult to know when it’s time to contact an injury lawyer for help. The truth is that it’s never too soon to call an injury lawyer – even if you don’t have all the information, even if you don’t yet know the full extent of the damage you’ve suffered, even if you don’t yet know whether you have a case. A Harrisburg car accident lawyer can offer guidance and help make sure your rights are protected as you determine what to do next.
In this article, we’ll outline the steps you should take immediately after a Harrisburg car accident, […]
Read MoreMore information about Insurance
Lower Merion Motorcycle Accident Lawyer
Motorcycle riding offers an unparalleled sense of freedom and thrill. However, with this freedom comes an increased risk of accidents, especially in densely populated areas. Lower Merion, situated in Montgomery County, Pennsylvania, is no exception, and our Lower Merion personal injury lawyers have seen firsthand how quickly a pleasant ride can turn tragic. While motorcycles represent a small fraction of vehicles on the road, they account for a disproportionately high number of traffic injuries and fatalities.
The aftermath of a motorcycle accident can be devastating, both physically and emotionally. Medical bills, rehabilitation costs, lost wages, and the emotional trauma can be overwhelming for victims and their families. In such trying times, having a specialized Lower Merion motorcycle accident lawyer by your side can make a significant difference. This guide aims to shed light on the importance of hiring a dedicated attorney for motorcycle accidents in Lower Merion and how they can assist victims in navigating the complex legal landscape. […]
Read MoreMore information about Insurance
Lower Merion Premises Liability Lawyer
Tucked amidst the picturesque landscapes of Montgomery County, Lower Merion Township is a vibrant community that boasts both historic charm and modern conveniences. However, like any bustling locale, accidents and injuries can occur, often leaving individuals grappling with complex legal matters.
When it comes to navigating the intricacies of premises liability cases in Lower Merion, one name stands out as a beacon of legal expertise and local knowledge: Munley Law. With a deep-rooted connection to the Lower Merion community, Munley Law’s local personal injury lawyers are your trusted partners in seeking justice and compensation for injuries caused by negligent property conditions. If you or a loved one has sustained an injury due to hazardous conditions on someone else’s property, contact our legal team today. We can help you explore your legal options and ensure that all responsible parties are held liable for their negligence.
Call us today for a free consultation, […]
Read More
