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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Bensalem Uber Accident Lawyer
Understanding What to Do After an Uber Accident in Bensalem, PA
Uber offers a convenient solution for both residents and visitors wanting to explore Bensalem, but accidents can happen. When navigating the complex legal landscape following an Uber accident, you want a Bensalem Uber accident lawyer who is not only familiar with our community but also deeply versed in the intricacies of personal injury law.
Our Munley Law personal injury team is a leading force in the Bensalem and Philadelphia Uber accident realm, standing out as a prominent advocate for those injured in rideshare collisions. With our vast experience in personal injury law and deep understanding of the specific regulations and complexities involved in rideshare accidents. We provide top-notch legal representation that is both aggressive and compassionate.
Our attorneys at Munley Law are committed to holding responsible parties accountable and securing the maximum compensation for our clients. […]
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The Economic and Medical Impact of Truck Accidents on Bethlehem Victims
Bethlehem, PA, has faced an increasing frequency of truck accidents, becoming a cause for concern for residents and visitors alike. These accidents represent a complex web of challenges, encompassing economic and medical elements affecting victims profoundly. In such trying times, the expertise of a Bethlehem truck accident lawyer can be invaluable.
Among the key resources for affected individuals and their families is Munley Law. Our legal professionals recognize the enormous financial toll a truck wreck can take on both victims and their families and understand its long-term repercussions could leave victims forever changed.
The Economic and Medical Impact of Truck Accidents on Bethlehem Victims
Accidents that result in injury or death of people have major financial repercussions. Estimates are that commercial truck accident that injure victims can cost nearly $150,000, while fatal ones could incur losses totaling millions of dollars. […]
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Navigating the Complexities of Trucking Accidents in Pennsylvania
Understanding the intricate legal landscape surrounding such accidents is crucial for any victim seeking justice and compensation. That’s where a Pennsylvania truck accident lawyer comes in. At the forefront of this legal battle is Munley Law, a firm deeply experienced in navigating these complex cases. If you or a loved one are struggling with navigating the complexities of trucking accidents in Pennsylvania, call Munley Law. An experienced truck accident lawyer will help you navigate the legal system and get fair compensation for your losses.
Understanding Truck Accidents in Pennsylvania
Trucking accidents in Pennsylvania represent a significant issue due to the state’s extensive network of highways and heavy commercial vehicle traffic. According to the Pennsylvania Department of Transportation, there were 810 crashes due to large trucks in 2022. Understanding why these accidents occur and the challenges they pose to victims is critical when pursuing a semi-truck accident case. […]
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The Average Settlement for Car Accident Neck and Back Injury in Philadelphia
When it comes to car accidents in Philadelphia, the toll they can take on victims is often substantial. Car accidents can undoubtedly cause emotional and psychological harm, and of course, can cause great physical harm as well. To receive the maximum amount for your claim, you will need the help of an experienced Philadelphia car accident lawyer. But what is the average settlement for a neck and back injury after a car accident?
Some of the most common types of injuries for car accident victims are neck and back injuries. These types of injuries can lead to severe pain, long-term discomfort, and significant medical expenses, putting an undue financial burden on the victim as well. Understanding what constitutes an average settlement for car accident-related neck and back injuries in Philadelphia is crucial for those navigating the legal aftermath of such incidents. […]
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Harrisburg Rideshare Accident Lawyer
If you or a loved one has experienced a car accident involving a rideshare vehicle or rideshare driver, you have every right to seek justice and compensation for your experience. One of the best things rideshare accident victims in Harrisburg, PA, can do is seek the aid of an experienced Harrisburg rideshare accident attorney. Working with a personal injury attorney means you have someone in your corner handling all the overwhelming complexities of your accident claim so that you can focus on rest and recovery.
Contact us today for a free consultation, and learn how we can fight on your behalf as you seek compensation.
Understanding Rideshare Accidents
Common Causes of Rideshare Accidents
Understanding the common causes of rideshare accidents is essential for preventing them and determining liability:
- Distracted Driving: Like any other driver, […]
