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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Lancaster Slip and Fall Lawyer
Nestled in the heart of Pennsylvania, Lancaster is renowned for its rich history, scenic farmlands, and iconic Amish community. A unique blend of urban charm and rural elegance, this city offers more than meets the eye.
However, like many other places, Lancaster has its share of everyday incidents like slip and fall accidents. These accidents, often underestimated, can lead to severe injuries, spiraling medical bills, and significant emotional distress. The terrain of Lancaster, with its cobbled streets and seasonal weather fluctuations, can sometimes heighten the risk.
When such an unfortunate event occurs, the complexities of legal processes and the quest for rightful financial compensation make it essential to hire a lawyer who knows Lancaster inside out. The injury lawyers at the Munley Law firm have been protecting the rights of Lancaster residents since 1959. We offer a free case evaluation to new clients where we will discuss your legal options and help you recover compensation for your fall injuries. […]
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Lower Merion Uber Accident Lawyer
As residents swap traditional taxi services for the convenience of a smartphone app, the streets from Ardmore to Belmont Hills are bustling with Uber drivers ready to ferry passengers to their next destination, leading to a growing need for our Lower Merion rideshare accident attorneys.
With this rise in ridesharing, there’s an inevitable increase in the potential for accidents. Navigating the historic, sometimes narrow roads of Lower Merion, or the busy intersections near Narberth and Haverford, poses challenges that can lead to mishaps. When these unfortunate incidents occur, the complexities of insurance, liability, and legal representation in the ridesharing realm become apparent. Given these intricacies, it becomes essential for anyone involved in such an accident to be well-informed and adequately represented.
That’s where the personal injury attorneys of Munley Law come in. If you or a loved one have been hurt in an accident involving an Uber in Lower Merion, […]
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Bensalem Lyft Accident Lawyer
If you find yourself involved in a rideshare accident in the bustling township of Bensalem, Pennsylvania, having the right legal support is important. A seasoned Bensalem Lyft accident lawyer can be your strongest ally, navigating the intricacies of personal injury law to ensure you receive the compensation you deserve.
Reach out to the Munley Law today to schedule a free consultation with our rideshare accident attorneys and learn how we can fight for the justice and fair compensation you deserve.
Common Causes of Rideshare Accidents in the Area
Understanding the common causes of rideshare accidents in Bensalem is crucial for accident victims and their legal representation. Several factors contribute to these accidents, including:
Distracted Driving: Distracted driving remains a significant concern amongst rideshare services. As in other car accidents, a rideshare driver may become distracted by their smartphone, GPS devices, […]
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Hershey Car Accident Lawyer
When the unexpected strikes and you find yourself in the aftermath of a car accident in Hershey, Pennsylvania, the path towards justice and compensation can often seem daunting and obscure. Navigating through the intricate web of legal procedures, insurance claims, and recovery can be an overwhelming journey, especially when embarked upon alone. This is where the expertise of a Hershey car accident lawyer becomes not just beneficial, but essential.
Car accidents can unleash a cascade of consequences, from physical injuries and emotional trauma to financial burdens due to medical bills and loss of income. In such tumultuous times, having a seasoned Hershey car accident attorney by your side can be the beacon of hope and strength that guides you through the legal process, ensuring that your rights are safeguarded and your damages paid.
At Munley Law, we don’t just represent you; we stand with you, […]
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Upper Darby Rideshare Accident Lawyer
The unique landscape of Upper Darby, Pennsylvania, with its busy streets, cultural diversity, and continuous growth, has seen a rise in the use of rideshare services such as Uber and Lyft. While these services offer convenience and affordability, they also come with the potential for accidents. As rideshare platforms become more integrated into our daily commute, the necessity for specialized legal representation becomes ever more critical.
At Munley Law, we recognize the complexities that arise from rideshare accidents in Upper Darby. Our dedicated team offers free consultations, ensuring that every car accident victim has a chance to understand their rights and the legal avenues available to them.
Common Causes of Rideshare Accidents
Rideshare accidents can occur for a myriad of reasons. Some of the most prevalent causes of a Lyft or Uber accident include:
- Distracted Driving: Given the reliance on apps, […]
