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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York Workers’ Compensation Lawyer
Navigating the complexities of workers’ compensation laws in York, PA, can be overwhelming. That’s why our York workers’ compensation lawyer is here to help. Every day, the legal team at Munley Law represents injured York workers across various industries, helping them understand that each case is unique and requires a personalized approach. Whether you’re dealing with medical expenses, lost wages, or the stress of recovery, our goal is to alleviate your burden and guide you through the legal process with expertise and compassion.
How Can Our York Workers’ Compensation Attorneys Help With Your Benefits
A York workers’ compensation attorney can help you with your workers’ comp benefits in various ways, especially since the laws can be challenging to navigate independently. They can help in the following ways:
Understanding Your Rights
Your workers’ comp lawyer will explain the benefits available under Pennsylvania workers’ […]
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What Do Scranton Medical Malpractice Lawyers Do?
If you or a loved one have experienced a medical error or negligence from a healthcare provider in Scranton, Pennsylvania, you may wonder about your legal options. This is where the expertise of a Scranton medical malpractice attorney comes into play.
These specialized attorneys have extensive knowledge and experience in handling cases involving medical malpractice in Scranton. They work diligently to protect the rights of their clients and help them seek justice and compensation for any harm caused by a medical professional. In this blog post, we will delve into the role and responsibilities of a Scranton medical malpractice attorney and how they can assist you in your case.
Defining Medical Malpractice
Medical malpractice occurs when a medical professional, such as a doctor, nurse, or hospital, deviates from the accepted standards of care, harming a patient. […]
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Understanding Uber Accident Liability in Wilkes-Barre, PA
With more people relying on rideshare services to get from point A to point B, it’s no surprise that Uber accidents are rising. But when you’re involved in an accident with an Uber driver, knowing who is liable for your injuries and damages is important. The Uber driver, their insurance, Uber, or another driver may be held liable for an accident. However, there are set limitations on who can be held at fault. Because of the intricacies of Wilkes-Barre Uber accidents, if you’ve been hurt in a rideshare collision, you need a trusted Wilkes-Barre Uber accident lawyer from Munley Law to help you navigate liability claims.
Who Can Be Held Liable For an Uber Accident?
When an Uber accident occurs in Wilkes-Barre, determining liability can be complex due to the multiple parties involved and the unique nature of ridesharing services. […]
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What Is the Statute of Limitations for Personal Injury Claims in Wilkes-Barre, PA?
Understanding the statute of limitations for a personal injury is important for anyone seeking justice. This legal timeframe determines how long an injured party must file a lawsuit to seek compensation. Failing to file within this window can result in losing the right to sue. In Wilkes-Barre, PA, the statute of limitations for personal injury claims is generally two years from the date of the injury. However, there are exceptions to the statute of limitations; therefore, consulting with a Wilkes-Barre personal injury attorney, such as those at Munley Law, is critical for accurate and timely guidance.
What Is a Statute of Limitations?
A statute of limitations is a law setting the maximum time after an event where legal proceedings may be initiated. For personal injury claims, it is the time limit set by law for an injured party to file a lawsuit against the at-fault party. […]
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What Does a Truck Accident Lawyer Do in Allentown, PA?
If you’ve been injured in Allentown, PA, in a truck accident, you may be wondering what your next steps should be. A truck accident can be overwhelming, both physically and emotionally. That’s where an Allentown truck accident lawyer comes in. At Munley Law, we understand the challenges of being injured in Allentown, PA, and are dedicated to helping you get the compensation you deserve. But what exactly does a truck accident lawyer do in Allentown, PA? Let’s take a closer look.
Understanding the Role of a Truck Accident Lawyer
When understanding the role of a truck accident lawyer in Allentown, PA, there are a few key aspects to consider.
These lawyers specialize in helping individuals injured in truck accidents navigate the complex legal process and obtain the compensation they deserve. They have extensive knowledge of the laws and regulations surrounding truck accidents and can evaluate the specifics of your case to determine the best course of action. […]
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