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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Bensalem Premises Liability Lawyer
Hazardous Property Injury Claims
An incident transpiring on someone’s property has the potential to lead to severe harm. Such an occurrence could give rise to an accident causing substantial financial setbacks and personal injuries. Legal actions related to these incidents fall under the purview of premises liability within the realm of personal injury law. This subject is intricate and demands a solid legal foundation — an experienced premises liability attorney is highly recommended. Engaging a skilled personal injury attorney at Bensalem’s esteemed Munley Law becomes pivotal when aiming to assert a claim of negligence. At Munley Law Personal Injury Attorneys, our accomplished Bensalem personal injury attorneys boast an established history of achievements. Armed with decades of expertise, accolades, and glowing feedback from clients, we emerge as the optimal selection for your personal injury case. Our Bensalem slip and fall lawyers are dedicated to offering tailored and empathetic assistance. […]
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Third Party Claims in Workers’ Compensation Cases in Harrisburg
Workers’ Compensation Third-Party Claims: Maximizing Your Compensation in Harrisburg, PA
If you’re facing the complexities of workers’ compensation issues right here in our state’s capital, you’re not alone. Our team at Munley Law understands the unique challenges that Harrisburg workers may encounter when navigating the workers’ compensation system and dealing with third-party claims. We’re here to guide you through the process, providing you with the knowledge and expertise needed to protect your rights and secure the compensation you deserve.
Harrisburg, the vibrant capital city of Pennsylvania, is a city teeming with diverse industries, from government and healthcare to manufacturing and education. With so many workers contributing their skills and dedication to our community, workplace accidents and injuries can unfortunately happen. When they do, it’s crucial to have a trusted Harrisburg workers’ comp lawyer by your side to ensure you receive the full benefits and protections you’re entitled to under Pennsylvania law. […]
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Upper Darby Wrongful Death Lawyer
Upper Darby, located just outside of Philadelphia, is known for its rich history and diverse community. With landmarks like the Tower Theater and busy roads such as Lansdowne Avenue, it’s a hub of activity in Pennsylvania. Unfortunately, all this exciting activity can mean unexpected accidents happen. Car accidents, dog bites, and even slip-and-fall incidents can result in severe injuries or even tragic fatalities. For residents of Upper Darby, PA, personal injury claims become a necessary step toward seeking justice and compensation for the sudden loss of a loved one
If you’ve lost a loved one due to the negligence of someone else in a serious accident in Upper Darby, PA, it’s really important to have an experienced personal injury lawyer on your side to work through the complex process of a wrongful death claim.
Losing a loved one in an accident is a tragedy that no family should ever have to endure. […]
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Upper Darby Pedestrian Accident Lawyer
With its bustling energy, shopping, and landmarks like the Tower Theater, Upper Darby, Pennsylvania offers a unique experience to its residents and visitors. However, being a pedestrian in the busy streets of such an active environment also presents its own set of challenges.
When faced with the aftermath of a pedestrian accident in Upper Darby, victims often grapple with more than just physical injuries. The road to recovery from severe injuries can be paved with legal complexities and financial uncertainties. In such trying times, the guidance of an Upper Darby pedestrian accident lawyer becomes indispensable, ensuring victims receive the justice and compensation they deserve.
Munley Law Personal Injury Attorneys brings to the table years of dedicated experience in representing the injured. Rooted in a legacy of excellence, our attorneys are recognized not just for our legal prowess, but for the compassionate approach we extend to every client. […]
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Harrisburg Nursing Home Abuse Lawyer
In the heart of Harrisburg, PA where history and modernity coalesce, lies a crucial battlefront for justice and compassion. Nursing homes are meant to provide a safe haven for our elderly loved ones, offering them the care and respect they deserve in their later years. We’d all love to believe that when a loved one relocates to a long term care facility, they are surrounded by staff members who have their best interests at heart, and the care provided is top tier. Unfortunately, this is not always the case. Instead, nursing home negligence cases are all too common, and outright abuse is a distressing reality.
The good news is that nursing home abuse has found a formidable adversary in the legal team at Munley Law. Nestled in Pennsylvania’s vibrant capital, Harrisburg, Munley Law stands as a beacon of hope for those who have suffered neglect and mistreatment.
With their unwavering dedication and intricate understanding of the local legal landscape, […]
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