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 Much is the Average Workers’ Compensation Settlement?
Determining how much compensation the average workers’ compensation settlement is can be a rather loaded question. In general, there is no average settlement regarding Pennsylvania workers’ compensation as it will largely depend on the severity of the injuries incurred in the workplace. However, there are ways we can estimate how much workers’ compensation you may be entitled to. The workers’ comp lawyers of Munley Law Personal Injury Attorneys explain.
How to Determine the Average Workers’ Compensation Settlement
To determine the average workers’ compensation settlement amount, you need to consider the various benefits you may receive after a workplace injury. The benefits include the following:
Medical Costs
After a workplace injury, you will likely amass some expenses related to the injury. Part of your workers’ comp settlement will include coverage for medical costs, meaning any medical expense related to the injury. […]
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Carbondale Nursing Home Abuse Lawyer
Carbondale nursing home abuse lawyers are legal professionals specializing in safeguarding the rights of elderly individuals who are residents of nursing homes in Carbondale and surrounding areas. Their expertise lies in recognizing and taking action against any form of abuse, negligence, or misconduct experienced by these seniors.
This could range from physical or emotional mistreatment, and financial exploitation, to neglect in providing essential care. Through their deep understanding of local and federal elder laws, these attorneys strive to hold accountable those who breach the trust and responsibilities they have towards our elderly population.
Armed with compassion, tenacity, and strategic legal knowledge, our Carbondale nursing home abuse lawyers dedicate their practice to ensuring the dignity, rights, and safety of the elderly are upheld, and justice is served where they have been compromised.
Understanding What Constitutes Nursing Home Abuse
Nursing home abuse is an appalling yet disturbingly common violation of elderly rights. […]
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Can I Sue for a Hit and Run in Allentown, PA?
Being involved in a hit-and-run car accident can be a traumatic and frustrating experience. Not only do you have to deal with the physical and emotional aftermath of the accident, but you may also face financial burdens such as medical bills, lost wages, and car repairs. However, as a resident of Allentown, PA, you can seek compensation for your damages. With the experienced and dedicated Allentown car accident lawyer at Munley Law on your side, you can maximize your chances of getting fair compensation for a hit-and-run accident.
What Constitutes a Hit and Run Accident?
Being involved in a hit-and-run accident can be a terrifying and frustrating experience. It is a situation where a driver leaves the scene of an accident without stopping to exchange information or assist those who may be injured. In Allentown, PA, […]
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How To Deal With Trucking Companies And Their Insurers in Carbondale
Truck accidents can have life-altering repercussions, often necessitating dealing with large trucking corporations and their insurance providers – entities often equipped with resources and legal teams – after an incident. Munley Law’s dedicated legal team of Carbondale truck accident lawyers strives to make sure your voice is heard as we fully compensate you for losses and suffering incurred. We help Carbondale residents effectively negotiate with these parties while upholding their rights at every turn.
Understanding Carbondale and Its Trucking Landscape
Carbondale plays a pivotal role in the trucking industry due to its strategic location as a transportation hub – numerous trucks pass through daily, adding further risk of accidents; therefore, having access to an experienced Carbondale truck accident lawyer becomes even more essential.
Carbondale’s trucking industry presents many distinct challenges and risks. Major routes through Carbondale see an overwhelming volume of heavy vehicle traffic, […]
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How to Determine Fault in a Williamsport Car Collision
Car collisions still happen frequently enough that questions about liability determination arise almost daily. Understanding Pennsylvania’s traffic laws as well as liability rules involved with car accidents becomes paramount to successfully proceeding with legal proceedings.
Our Williamsport car accident lawyers can provide essential support during times of distress and uncertainty following a car collision in Williamsport. Their local knowledge and legal expertise make them particularly helpful during such trying experiences.
Understanding Pennsylvania Car Accident Laws
Navigating the aftermath of a car collision in Pennsylvania requires knowledge of state traffic laws that play an integral part in establishing blame and legal proceedings. Pennsylvania utilizes no-fault and traditional tort systems, making establishing fault a complex yet essential process.
Under a “no-fault” system, drivers must purchase personal auto insurance to cover medical expenses and out-of-pocket losses regardless of who caused an accident. […]
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