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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Lower Merion Car Accident Lawyer
If you’ve been involved in a car accident, you need a skilled and experienced Lower Merion car accident lawyer to help you navigate the legal process and secure the compensation you deserve. At Munley Law, we specialize in car accident cases and have a proven track record of success in helping our clients recover damages for their injuries and losses. Our Lower Merion car accident attorneys understand the complexities of personal injury law and are committed to fighting for the rights of car accident victims. Contact us today to schedule a free consultation and learn how we can help you.
Why Choose Munley Law Personal Injury Attorneys
Selecting the right Lower Merion car accident lawyer is a crucial decision that can significantly impact the outcome of your case. At Munley Law Personal Injury Attorneys, we stand out from the competition for several reasons:
- Unparalleled Experience: With over 60 years of experience serving the Lower Merion, […]
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Bensalem Rideshare Accident Lawyer
Nestled in Bucks County, Pennsylvania, Bensalem is a bustling township with a rich history and vibrant community. With its proximity to Philadelphia, Bensalem has become a hub for rideshare services such as Uber and Lyft, providing convenient transportation options for residents and visitors alike. However, as rideshare services have become more prevalent, so have accidents involving these vehicles.
If you were involved in a rideshare accident, contact a Bensalem rideshare accident lawyer at Munley Law today to schedule a free consultation.
Understanding Rideshare Insurance Policies
Understanding Rideshare Insurance PoliciesRideshare services like Uber and Lyft have unique insurance policies that can be complex and confusing. There are different rules and coverage limits depending on whether the rideshare driver was logged into the app, accepted a ride, or had a passenger in the vehicle at the time of the accident. A rideshare accident lawyer will know how to navigate these policies and ensure that you are seeking compensation from the correct source. […]
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Workers’ Compensation Specific Loss Benefits in Williamsport, PA
Workplace injuries are a reality, and if you find yourself facing the aftermath of a severe work-related incident resulting in permanent disfigurement or loss of a body part, understanding specific loss workers’ compensation benefits becomes crucial.
At Munley Law, our Williamsport workers’ compensation lawyers specialize in unraveling the intricacies of specific loss benefits, tailored explicitly to your unique circumstances. Picture this: a workplace accident leaves you with the permanent loss of a limb, altering not just your physical abilities but your entire way of life. This is where specific loss benefits come into play, offering crucial compensation to alleviate the financial strains caused by your permanent injury.
Imagine the scenario: you’ve suffered a work-related injury that has led to the loss of a vital body part. This profound loss not only affects your immediate well-being but also raises concerns about your future employability and financial stability. […]
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What Do I Do After I Am Hurt at Work in Bensalem?
Navigating the aftermath of a work injury in Bensalem demands a comprehensive understanding of the legal intricacies surrounding workers’ compensation. At Munley Law, our dedicated Bensalem workers’ compensation lawyers recognize the unique challenges individuals face after a workplace injury. This pivotal moment in your life requires not just legal expertise, but also empathy and 
unwavering support. We stand as your dedicated allies, ready to assist you every step of the way, ensuring you receive the compensation and benefits you rightfully deserve.
In Bensalem, where the local workforce forms the backbone of our community, workplace injuries can be both physically and financially debilitating. Whether you’ve been injured in a construction site accident, a manufacturing mishap, or any other work-related incident, understanding your rights is paramount. Our seasoned team of workers’ comp experts at Munley Law comprehensively handles a plethora of cases, from workers’ compensation benefits and medical treatment to lost wages and navigating the complexities of the claims process. […]
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Philadelphia Hit and Run Car Accident Lawyer
Your first line of defense in navigating the aftermath of hit and run accidents in the vibrant city of Philadelphia is to call Munley Law. Our deep-rooted connection to Philadelphia, from the historic charm of Society Hill to the dynamic energy of the University City, fuels our passion to serve our community.
Our Philadelphia car accident lawyers know the unique challenges that Philadelphians face on our city’s diverse roads – from negotiating the rush hour traffic on I-76 to navigating the charming yet narrow lanes in Queen Village. Our expertise is tailored to bring justice to hit and run accident victims across this city of brotherly love, offering unparalleled legal representation to those in need.
If you or a loved one were injured in a Philadelphia hit and run auto accident, call the Philadelphia hit and run accident lawyers of Munley Law. […]
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