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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Pottsville Pedestrian Accident Lawyer
In the bustling streets of Pottsville, Pennsylvania, pedestrian accidents can happen in the blink of an eye. When they do, the aftermath can be overwhelming, both emotionally and financially. That’s where Munley Law Personal Injury Attorneys step in.
With over 60 years of experience, the award-winning team at Munley Law has been a beacon of hope for accident victims throughout Pennsylvania. They understand that obtaining compensation for your injuries isn’t a straightforward task. It requires an experienced and compassionate attorney who’s ready to fight for your rights.
The team at Munley Law is available from the moment you reach out until the final settlement is handed over. Their expertise in pedestrian accidents in Pottsville is unparalleled, making them the best choice for anyone seeking justice. If you or a loved one has been involved in a pedestrian accident, don’t hesitate. Choose carefully, choose expertise, […]
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Upper Darby Premises Liability Lawyer
Your Premises Liability Attorneys in Upper Darby
Your Premises Liability Attorneys in Upper DarbyUpper Darby is a vibrant township located just outside of Philadelphia, Pennsylvania, known for its rich history, diverse community, and bustling commercial areas. It’s a place where people visit a variety of premises, from shopping malls to public parks and even historic landmarks. However, accidents can happen anywhere, and when they occur on someone else’s property, the complexities of premises liability come into play. In such situations, having a qualified lawyer becomes essential for navigating the legal landscape.
Among the available options, Munley Law Personal Injury Attorneys stand out for their decades-long experience and a proven track record of securing fair compensation for accident victims. Contact our Upper Darby premises liability lawyer for your free initial consultation and make sure that you are on the right track for your justified compensation.
Understanding Premises Liability Law
Premises liability law covers a broad range of accidents that can happen on someone else’s property, […]
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Williamsport Motorcycle Accident Lawyer
Motorcycle accidents can be devastating, leaving victims with not only physical injuries but also emotional and financial burdens. For residents of Williamsport, PA, seeking specialized legal representation is crucial to ensure justice and adequate compensation.
For over six decades, Munley Law has been a beacon of trust and expertise in the realm of personal injury law. Established in 1959, our firm has consistently championed the rights of accident victims throughout Pennsylvania. With a team of award-winning personal injury lawyers, Munley Law has a long track record of success in the most serious injury and accident cases.
Choosing the Right Williamsport Motorcycle Accident Lawyer
In the aftermath of a motorcycle accident, the legal maze can be daunting. The choice of representation can make a significant difference in the outcome of your case. Munley Law’s guiding motto, “Choose Carefully,” […]
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Williamsport Pedestrian Accident Lawyer
If you’ve been involved in a pedestrian accident in Williamsport, PA, you understand the emotional and physical toll it can take. Navigating the legal landscape can be overwhelming, but you don’t have to go it alone. At Munley Law Personal Injury Lawyers, we specialize in representing victims like you. As your Williamsport pedestrian accident Lawyer, we’re committed to fighting for your rights and securing the compensation you deserve.
Why You Need an Experienced Pedestrian Accident Lawyer
Pedestrian accident cases are complex and require specialized legal expertise. General practice lawyers may not have the in-depth knowledge needed to navigate the intricacies of pedestrian accident laws. As specialized Williamsport Pedestrian Accident Lawyers, we understand the nuances of these cases and have the experience to secure the best possible outcome for you.
Common Causes of Pedestrian Accidents in Williamsport
Pedestrian accidents can occur for various reasons—distracted driving, […]
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Upper Darby Slip and Fall Accident Lawyer
Upper Darby Slip and Fall Accidents: Your Comprehensive Guide
Upper Darby, a Pennsylvania township rich in history with landmarks like the Tower Theater and the Sellers Library, is a bustling area that’s seen its fair share of growth and activity. Increased activity can also mean an increased potential for accidents, specifically slip and fall incidents. In such situations, you’ll find no better advocate than a specialized law firm like Munley Law.
Understanding the Basics of Slip and Fall Accidents
Slip and fall accidents occur when a person loses their balance due to a hazardous condition on someone else’s property and suffers injuries as a result. These accidents can happen almost anywhere, from supermarkets to office buildings. Munley Law offers a free initial consultation for your personal injury.
How liability is determined in personal injury accidents
Determining liability in slip and fall cases for personal injuries involves establishing that the property owner or occupier was negligent in some way and that this negligence directly contributed to your accident and subsequent injuries. […]
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