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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What Does a Catastrophic Injury Attorney Do in Allentown?
Catastrophic injuries can have life-altering consequences, and navigating the aftermath often requires more than just medical care; it demands legal expertise. An Allentown catastrophic injury lawyer supports victims through this challenging time. Their work goes beyond essential legal representation, encompassing advocacy, negotiation, and a deep understanding of the complexities involved in such cases.
The Role of Catastrophic Injury Attorneys in Allentown, PA
Choosing the right lawyer is crucial when a catastrophic injury shatters your life. While any Allentown personal injury lawyer offering the standard services – case evaluation, strategy development, and negotiations – might seem sufficient, it takes a personal injury lawyer with the skills and experience to handle a catastrophic injury claim. Here’s how:
- Unwavering Dedication: A serious personal injury lawyer is not just legal counsel; they’re invested in your journey. This translates to frequent communication, […]
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Uber Accident Lawyer
Getting into a car accident is always a stressful and traumatic experience. But things can get even more complicated when the accident involves an Uber driver. That’s because Uber and Lyft accidents raise unique legal issues that traditional car accident lawyers may not be familiar with. If you’ve been injured in an Uber accident, it’s essential to understand your rights and options. That’s where an Uber accident lawyer comes in.
You don’t have to suffer silently. Call the Munley Law Uber accident lawyers for a free consultation today. We will help you navigate a personal injury claim and get you back on your feet.
Why You Need an Uber Accident Lawyer After an Accident
You may need an Uber accident injury lawyer if you’ve been injured in an Uber ride for several reasons. Uber accident attorneys can help you through the claims process, […]
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What is the Average Payout For a Motorcycle Accident In Easton, PA?
Motorcycle accidents can be devastating, both physically and financially. If you have been involved in a motorcycle accident in Easton, PA, you may be wondering what the average payout is for a motorcycle accident case. This is a valid concern, as motorcycle injuries can often result in significant medical bills, lost wages, and other expenses. Contact an Easton motorcycle accident attorney today for a free consultation and to discuss the factors that can affect the amount you may receive for your motorcycle injury claim payout.
How Is the Average Settlement Determined for a Motorcycle Accident?
Determining an exact average payout for motorcycle accidents in Easton, PA, can be tricky due to the varying circumstances of each accident. Settlement figures fluctuate significantly, influenced heavily by the severity of injuries, the extent of property damage, and the impact on the victim’s earning capacity. […]
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What Should I Do If I Am In a Motorcycle Crash in Easton, PA?
Motorcycle accidents are, unfortunately, common occurrences on the roads of Easton, PA. As a motorcycle rider, you understand the risks and dangers of sharing the road with larger vehicles. However, even the most experienced and cautious riders can be involved in a motorcycle accident. And if you were in an accident because of a motorcyclist’s negligence, the trauma of the motorcycle collision and catastrophic injuries can bring shock and a crippling feeling of overwhelm. If you have been in a motorcycle accident in Easton, PA, knowing what steps to take to protect yourself and your rights is important. Seek out a free consultation from an experienced Easton motorcycle accident lawyer to discuss the necessary actions you should take and how to navigate this difficult situation to get the financial compensation you are entitled to.
Ensure Personal Safety After the Motorcycle Crash
In the disorienting moments following a motorcycle wreck, […]
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What Can an Uber Accident Lawyer in Scranton Do For Me?
Being involved in a car accident is a stressful and overwhelming experience, but it becomes even more complicated when the accident involves a popular ridesharing service like Uber. In these situations, navigating the legal process and ensuring you receive the compensation you deserve can be challenging. That’s where a Scranton Uber accident lawyer comes in. These specialized attorneys are well-versed in the unique challenges of Uber accidents and can provide invaluable support and guidance throughout your case. In this blog post, we will explore what an Uber accident attorney can do for you and why it is essential to seek their help after being involved in an Uber car accident.
How Can an Uber Accident Lawyer Help My Claim?
Navigating the legal jargon following an Uber accident can be daunting. However, a Scranton Uber accident attorney can guide you to comprehend your rights and duties in the aftermath. […]
