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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Reading Brain Injury Lawyer
Suffering a traumatic brain injury (sometimes called a TBI) is a life-altering event. These injuries have the capacity to permanently affect the way you navigate the world around you. If you or a loved one suffered a traumatic brain injury due to someone else’s negligence, a Reading brain injury lawyer at Munley Law can help you get the proper compensation you deserve to cope with the financial consequences and aftermath.
What Is a Traumatic Brain Injury?
Of course, any injury to the brain, indeed any injury, is traumatic for victims. But a brain injury or traumatic brain damage has specific medical definitions.
At the core, brain damage results from injuries that cause the destruction or deterioration of brain cells. There are two different types, traumatic brain injuries, and acquired brain injuries.
- Traumatic brain injuries result from an external force that causes the brain to move inside or damage the skull. […]
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Hazleton Truck Accident Lawyer
Were you injured in a truck accident in Hazleton? Call a Hazleton truck accident lawyer at Munley Law.
If you or a loved one have been involved in a truck accident in Hazleton, the aftermath can be overwhelming and confusing. You may be facing significant physical injuries, emotional distress, and mounting financial pressures due to medical bills and lost wages.
Truck accidents are different from regular auto accidents in many ways. They often involve multiple defendants, commercial insurance policies, and much more serious injuries.
Truck accident attorneys representing greater Hazleton, PA
Greater Hazleton encompasses an area within three counties: southern Luzerne County, northern Schuylkill County, and western Carbon County. Hazleton, PA is strategically located near many major interstates, including I-80, I-81, I-84, I-380, and Route 476. Many manufacturing and distribution companies are housed in the McAdoo, Humboldt, and Valmont industrial parks in Hazleton, […]
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What to Do If You Get Into an Accident While Riding With Lyft
As ridesharing services continue to gain popularity, accidents involving Lyft vehicles have become a growing concern. Lyft accidents can result in significant injuries, property damage, and emotional distress for those involved. Understanding the unique aspects of Lyft accidents and the legal considerations involved is crucial for both passengers and drivers.
Being involved in a Lyft accident can be a stressful and overwhelming experience. However, it is important to stay calm and take immediate action to protect your well-being and legal rights. Knowing what to do in the aftermath of a Lyft accident can make a significant difference in the outcome of your case. In this article, we will discuss the essential steps you should take if you find yourself in a Lyft accident. From ensuring your safety to gathering evidence and seeking proper medical attention, understanding the necessary actions can help you navigate the situation with confidence and protect your interests. […]
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What Does a Motorcycle Accident Lawyer Do?
Motorcycle accidents can have devastating consequences, often resulting in serious injuries or fatalities. Due to the inherent vulnerability of motorcyclists on the road, these accidents pose unique risks and challenges. Understanding the causes, impacts, and legal considerations associated with motorcycle accidents is crucial for both riders and motorists.
Motorcycle accidents can be traumatic experiences that leave riders and their families dealing with physical, emotional, and financial hardships. When faced with the aftermath of a motorcycle accident, seeking the assistance of a skilled and experienced motorcycle accident lawyer is essential. These specialized attorneys understand the unique challenges and complexities of motorcycle accident cases and can provide valuable guidance and support. In this article, we will explore the role of motorcycle accident lawyers, their expertise in handling such cases, and the benefits they bring to those seeking justice and fair compensation after a motorcycle accident. By partnering with a knowledgeable lawyer, […]
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What to Do After an Uber Accident
Uber has revolutionized the way people commute and travel, providing a convenient and accessible transportation option. However, like any mode of transportation, accidents can happen. Uber accidents occur when vehicles operated by Uber drivers are involved in collisions, resulting in injuries to passengers, drivers, pedestrians, or occupants of other vehicles. These accidents can have serious consequences, both physically and legally.
Being involved in an Uber accident can be a disorienting and stressful experience. In the aftermath of such an incident, it’s crucial to know the steps to take to protect your well-being, gather necessary information, and navigate the legal process effectively. Knowing what to do after an Uber accident can make a significant difference in ensuring your safety and protecting your legal rights.
In the Event of an Uber Accident, Remember the Following:
Being involved in an Uber accident can be a jarring and overwhelming experience. […]
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