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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When Is It Too Late to Hire a Lancaster Car Accident Lawyer?
Munley Law has an experienced team of Lancaster car accident lawyers who are dedicated to helping victims in Lancaster navigate the complex process of filing a claim. They have a proven track record of successfully 
assisting car accident victims and securing the compensation they deserve. It is essential to act promptly and hire a lawyer as soon as possible following a car accident. The statute of limitations places a strict deadline on when a claim can be filed, and waiting too long may result in the loss of crucial evidence. By hiring Munley Law, car accident victims in Lancaster can ensure their rights are protected, and they receive the best possible outcome for their case.
Understanding the Statute of Limitations
The statute of limitations sets a deadline for filing a lawsuit. In Pennsylvania, the statute of limitations for personal injury claims, […]
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What Is the Difference Between Reckless and Negligent Driving in Scranton?
As the sixth-largest city in the state, Scranton is home to a myriad of historical landmarks, from the Electric City Trolley Museum to the Steamtown National Historic Site. But with its vibrant community comes bustling roads, filled with drivers navigating their way through the city’s streets and highways.
In such a dynamic environment, understanding the nuances of driving behaviors becomes paramount, especially when those behaviors lead to accidents and potential legal implications. Every driver in Scranton should be aware of the difference between reckless and negligent driving. Not only for their safety but to understand their rights and responsibilities on the road.
At Munley Law, our Scranton car accident lawyers have seen firsthand the impact of both reckless and negligent driving on victims and their families. We can shed light on the difference between reckless driving and negligent driving and how they both play out in the streets of Scranton. […]
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What Happens If My Uber is In an Accident In Philadelphia?
Ridesharing services like Uber have revolutionized the way we commute. With just a tap on our smartphones, we can summon a ride to our doorstep, making transportation more convenient than ever. However, as with any vehicle on the road, Ubers are not immune to accidents. When you’re in an Uber that gets into an accident in Philadelphia, the situation can become complex, given the unique nature of ridesharing services.
Understanding Uber’s Insurance Policy
Uber, being one of the leading ridesharing platforms, has put in place a comprehensive insurance policy to protect its drivers, passengers, and even third parties in the event of an accident. However, the coverage varies depending on the driver’s status at the time of the accident:
When the App is Off: If the Uber driver is not logged into the app, their personal auto insurance will be the primary coverage. […]
When the App is Off: If the Uber driver is not logged into the app, their personal auto insurance will be the primary coverage. […]More information about Insurance
What Are the Damages For a Traumatic Brain Injury in Allentown?
In the bustling city of Allentown, with its lively Cedar Beach Park and the vibrant streets around the PPL Center, life moves at a dynamic pace. While this energy is part of what makes Allentown a vibrant place to live, it also means that accidents and unforeseen events can happen. Among the most devastating of these are traumatic brain injuries (TBI).
A sudden blow or jolt to the head can change the trajectory of one’s life in a split second. Beyond the immediate shock and medical concerns, a TBI can have profound financial and emotional implications. Understanding these damages, especially in the context of Allentown’s legal landscape, becomes crucial for victims and their families.
For victims of traumatic brain injuries, the question of what damages are available is common. An Allentown brain injury lawyer at Munley Law can be pivotal in navigating the complex aftermath and securing the compensation you deserve. […]
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Williamsport Car Accident Attorneys
A car accident can be a daunting experience, fraught with emotional, physical, and financial challenges. You may find yourself overwhelmed by medical bills, insurance claims, and the complexities of legal procedures. In such trying times, hiring a qualified Williamsport car accident lawyer can be a game-changing decision.
With our specialized expertise in Pennsylvania’s traffic laws and personal injury claims, Munley Law can help you secure the compensation you rightfully deserve. By entrusting your case to a seasoned attorney, you not only alleviate the stress associated with legal intricacies but also significantly improve your chances of a favorable outcome.
How a Car Accident Attorney Can Help You
A skilled car accident attorney offers you expert legal advice tailored to your unique situation. Our car accident attorneys at Munley Law can clarify your rights, explain the nuances of Pennsylvania’s traffic laws, and guide you through the complexities of insurance claims. […]
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