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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Working with Insurance Companies: Tips from Scranton Personal Injury Lawyers
Choosing a Personal Injury Lawyer is Crucial
Personal injury cases are made up of many factors, often weaving together medical, legal, and insurance intricacies. Navigating this maze requires legal expertise and a nuanced understanding of local regulations and practices.
A Scranton personal injury attorney brings a familiarity with the region’s legal landscape, ensuring that clients have the best possible representation.
Every personal injury case is unique, reflecting the individual circumstances and impacts of the accident. By choosing a Scranton personal injury attorney, clients benefit from access to tailored strategies that address the specific nuances of their case, positioning them to best negotiate on their behalf and maximizing the chances of a fair settlement from the insurance company.
Our Personal Injury Attorneys Know Scranton
The aftermath of an accident can be a tumultuous period even if you are insured, […]
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Blind Spot Truck Accidents in PA
Recent data reveals a surge in such incidents, with many attributing the rise to the state’s growing industrial activities and increased freight transportation. While several factors contribute to trucking accidents, one of the most overlooked yet critical causes is the truck’s blind spots, which are inherent to large trucks.
When a blind spot trucking accident occurs, a Pennsylvania truck accident lawyer must help you with your claim and fight for your rights.
What is a Blind Spot?
Blind spots, often referred to as “No-Zone” areas, are those sections around a large truck where the driver has limited or zero visibility. These zones, located primarily on the sides, rear end, and front of the truck or trailer, pose significant dangers to other drivers and road users. Smaller vehicles, cyclists, and even pedestrians can quickly vanish into these blind spots, […]
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Navigating Insurance Claims After a Truck Accident in Reading, PA
Truck accidents in Reading, PA, present a unique set of challenges. Unlike typical car collisions, a truck accident often involves multiple parties, intricate regulations, and severe damages. As the roads of Reading see an increasing number of trucks, understanding these complexities becomes paramount.
Navigating the maze of insurance claims post-accident can be daunting. It’s riddled with paperwork, negotiations, and often, pushback from insurance companies. Recognizing the intricacies of this process and the potential pitfalls is crucial. More than ever, victims need to arm themselves with information and, most importantly, seek the guidance of professionals like the Reading truck accident lawyers at Munley Law Personal Injury Attorneys.
Understanding Truck Accidents in Reading, PA
Truck accidents in Reading, PA, have distinct characteristics that set them apart from regular vehicular accidents. The sheer size and weight of trucks and the region’s unique road conditions contribute to specific accident patterns. […]
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Easton Lyft Accident Lawyer
The advent of ride-sharing services has revolutionized transportation in cities across the country, and Easton, Pennsylvania is no 
exception. With the Delaware River as its backdrop, this charming city has embraced the convenience and accessibility of services like Lyft, making it easier than ever for residents and visitors to navigate its historic streets and vibrant downtown area. However, with this increase in ride-sharing vehicles on the road, the unfortunate reality is that accidents involving Lyft drivers have become more common.
Whether you’re a student at Lafayette College, a resident enjoying a night out in Centre Square, or a tourist visiting the Crayola Experience with family, the risk of being involved in a Lyft accident is real. In such stressful and often traumatic situations, having a knowledgeable and experienced Easton Lyft car accident lawyer by your side is crucial.
This is where Munley Law comes into play, […]
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Lower Merion Rideshare Accident Lawyer
In today’s digitally-driven age, rideshare services have become an indispensable part of our daily commutes. From catching a quick ride to the grocery store to airport drop-offs, services like Uber and Lyft have made transportation simpler and more accessible for many. However, with this surge in usage, there has been a corresponding increase in rideshare-related accidents.
These incidents often involve complex legal terrains due to the interplay between personal insurance, rideshare company policies, and local regulations. As such, victims of rideshare accidents in Lower Merion require specialized legal representation to ensure they receive the compensation they rightfully deserve.
If you or a loved one were involved in an accident involving a rideshare company like Uber or Lyft, an experienced personal injury attorney from Munley Law can help.
The Intricacies of Rideshare Car Accidents
Rideshare motor vehicle accidents present a legal maze that’s distinct from standard auto accidents. […]
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