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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How to ensure that you get a fair uninsured motorist settlement in Philadelphia
Leveraging the expertise of your Philadelphia car accident lawyer
Navigating the aftermath of an accident with an uninsured motorist in Philadelphia can be overwhelming. While the City of Brotherly Love has its unique charm, the intricacies of its legal system require specific understanding and strategy. Ensuring a fair settlement involves a combination of knowledge about local laws, meticulous documentation, and proactive advocacy. Navigating claims after an accident can be challenging, especially with uncooperative insurance companies. With over six decades of experience, Munley Law Personal Injury Attorneys advocate fiercely for clients, ensuring rightful compensation and accountability from at-fault drivers; contact us today for a free case evaluation.
Understand Pennsylvania’s Uninsured Motorist Laws
In Pennsylvania, auto insurance is a legal requirement to ensure that every driver can cover the costs if they cause harm to others on the road. Yet, despite these mandates, […]
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East Stroudsburg Truck Accident Lawyer
In East Stroudsburg, Pennsylvania, the bustling traffic often includes a significant presence of commercial trucks. These mammoth vehicles, while essential for commerce, can pose substantial risks to other road users. If you’ve found yourself in the unfortunate situation of being involved in a truck accident in East Stroudsburg, you’re likely aware of the overwhelming physical, emotional, and financial toll it can take.
This is where Munley Law Personal Injury Attorneys step in with our unwavering commitment to serving you. Our expertise in handling truck accident cases in East Stroudsburg is second to none. We understand the unique intricacies of these accidents, from navigating Pennsylvania’s complex trucking regulations to dealing with the formidable insurance companies representing the trucking industry.
Why is seeking legal representation after a truck accident in East Stroudsburg so crucial? The answer is simple: the stakes are high, […]
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Lower Merion Slip and Fall Accident Lawyer
Slip and fall accidents are incidents where an individual slips, trips, or falls due to hazardous conditions, such as wet floors, icy sidewalks, or uneven surfaces. These mishaps can lead to severe injuries, including fractures, sprains, or even traumatic brain injuries. Legal representation becomes crucial in these cases for several reasons.
A qualified lawyer can help navigate the intricate legal system, assist in gathering essential evidence, and maximize your chances of receiving adequate compensation for medical bills, lost wages, and emotional distress. In Lower Merion, PA, where local laws and ordinances can affect your case, hiring a local slip and fall accident lawyer with expertise in the area becomes even more critical.
Engaging a qualified Lower Merion slip and fall accident lawyer is essential for pursuing the compensation you rightfully deserve. If you’re seeking professional guidance, Munley Law Personal Injury attorneys are here to assist you. […]
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Lower Merion Truck Accident Lawyer
Lower Merion, located in southeastern Pennsylvania, is one of the historic townships that make up the fabric of Montgomery County. Boasting in a rich history and a unique blend of suburban charm and urban proximity, it nestles along the outskirts of Philadelphia. Lower Merion offers its residents a dynamic living experience. While this city is known for its scenic beauty and heritage, it isn’t without the challenges posed by modern transportation.
Given its strategic location and the volume of tractor trailers it hosts, understanding the prevalence and implications of truck accidents in Lower Merion is essential. Such incidents not only disrupt the community’s tranquility but also raise broader concerns about road safety and the wellbeing of its residents.
If you or your loved one were injured in a truck accident in Lower Merion PA, you should speak to an experienced truck accident lawyer at Munley Law right away. […]
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Lower Merion Wrongful Death Lawyer
Pennsylvania’s premier personal injury representation
In the picturesque setting of Lower Merion, coupled with the vibrant and historic backdrop of Philadelphia, the importance of local representation in sensitive matters like wrongful death is magnified. Lower Merion is nestled amidst landmarks like the historic Ardmore Library and the picturesque Cynwyd Heritage Trail, where the complexities of navigating a wrongful death case demand local expertise. Situated a stone’s throw from Philadelphia, Lower Merion uniquely benefits from both its tranquil suburban charm and proximity to urban resources. Law firms like Munley Law, deeply rooted in this community and recognized as leading Pennsylvania wrongful death lawyers, offer an unparalleled blend of local insight and broader legal insight. Their deep understanding of the region ensures affected families receive justice with a touch of compassion, bridging both the Merion community and the larger Philadelphia metropolitan area. Choosing Munley Law as your wrongful death lawyer ensures expert representation and compassionate guidance, […]
