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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Hazleton Texting-While-Driving Accident Lawyer
Driving through Hazleton, Pennsylvania requires your full attention. A momentary distraction on any of the city’s bustling streets or during poor weather conditions can lead to a severe car accident. When a driver texts while operating a motor vehicle, they are putting themselves and others on the road at serious risk of injury.
In the blink of an eye, your life can be dramatically altered by a reckless driving accident. If you were injured in a car accident caused by another driver texting, it’s crucial to understand the importance of securing legal representation. Trying to obtain compensation after an accident can be a daunting task, one that you shouldn’t have to face alone.
A specialized car accident lawyer, well-versed in the intricacies of cases involving texting drivers, can be your steadfast ally in this time. Your attorney can help you understand your rights, guide you through the complex legal landscape, […]
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What to Do After a Construction Accident in Bethlehem
Construction accidents in Bethlehem are an unfortunate reality of the industry, with severe implications for the health and well-being of workers. If you are involved in an accident on a construction site, it’s important to navigate the subsequent steps with utmost diligence. From seeking immediate medical attention to safeguarding your legal rights, each decision can significantly impact your recovery and future security.
This article will serve as a guide, explaining the vital actions to take in the aftermath of a construction accident. Arm yourself with this knowledge, enhance your preparedness, and ensure that you’re properly equipped to handle such a daunting situation. If you do get into a construction accident in Bethlehem and need legal advice, our Bethlehem construction accident lawyer is here to help.
Steps to Take After a Construction Accident in Bethlehem
Construction accidents in Bethlehem are unfortunately not a rare occurrence. […]
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How Much Is My Reading Construction Accident Case Worth?
Construction accidents can be a life-altering experience, with consequences that reach far beyond physical harm. If you’ve been injured on a construction site, it’s important to understand the potential value of your case. This article seeks to help you unravel the complexities of estimating this worth, considering factors from medical expenses to emotional trauma. Remember, every case is unique and hinges on numerous elements. Consult with a Reading construction accident attorney for a precise evaluation of your specific circumstances.
What are Construction Accidents?
Construction accidents are incidents that occur within the construction industry, typically involving workers on a construction site. According to the Occupational Safety and Health Administration (OSHA), the construction industry is one of the most dangerous industries in the United States.
These accidents can range from minor incidents, such as slips, trips, or falls, to more serious accidents involving heavy machinery, […]
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Pottsville Workers Compensation FAQs
For more than 60 years, Munley Law’s family of Pennsylvania attorneys have taken pride in serving the hardworking residents of Pottsville, PA, and the surrounding communities. As local workers’ compensation attorneys with a deep understanding of the unique challenges faced by employees in this region, we are here to provide you with valuable insights and answers to some of the most common questions regarding workers’ compensation in our community.
Living and working in Pottsville means embracing a rich heritage rooted in industries like coal mining, manufacturing, and healthcare services. We know that accidents and injuries can happen in any workplace, whether it’s in a mine, a manufacturing facility, or even a healthcare setting. That’s why we’re dedicated to helping you navigate the complexities of workers’ compensation law, ensuring you receive the benefits and support you rightfully deserve when facing workplace-related challenges.
If you or a loved one has been injured in a work accident or is suffering from an occupational illness, […]
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What is the Difference Between Reckless and Negligent Driving?
Navigating our roads demands not just skill, but also an understanding of the laws governing them. You, as a driver, hold a responsibility to comprehend these regulations and their implications. This article aims to shed light on two often-confused concepts: reckless and negligent driving. While both terms indicate driving behavior that deviates from the norm, they carry distinct meanings and legal consequences. Unraveling these differences is crucial to maintaining safety on the road and staying on the right side of the law.
What is Reckless Driving?
Reckless driving, a term often heard but not always fully understood, refers to the act of operating a vehicle in a manner that demonstrates a wanton disregard for the safety of others. It is a serious traffic violation that can lead to severe consequences, both legal and personal.
One of the most prominent characteristics of reckless driving is excessive speed. […]
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