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 Car Accident Lawyer
Navigating the aftermath of a car accident is a daunting task. If you or your loved one were injured in a car crash, you need an experienced Bensalem car accident lawyer on your side to help you deal with insurance companies and focus on recovery. An attorney from Munley Law will help you understand your rights, shoulder the burden of your legal claim, and recover the compensation you deserve.
Bensalem is a bustling town nestled in the heart of Bucks County, Pennsylvania known for the tranquil beauty of Neshaminy State Park and the historic charm of the Andalusia Historic House and Gardens. But these attractions also increase congestion and the likelihood of car crashes.
At Munley Law, our lawyers are not just familiar with Pennsylvania law, but also with the local culture, landmarks, and the community spirit that makes Bensalem unique. […]
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Williamsport Premises Liability Lawyer
Williamsport, PA, home to the celebrated Little League World Series, is a community that values safety and justice. When residents or visitors face injuries on someone else’s property, they turn to Williamsport premises liability lawyers for help. With specific local regulations and guidelines to navigate, it’s essential to seek expertise from professionals such as Munley Law, a leading firm in this area.
Whether a slip on an icy sidewalk or a fall at a local business, understanding and pursuing personal injury and premises liability claims in Williamsport requires specialized legal insight.
If you’ve been injured on someone else’s property, call Munley Law.
Understanding Premises Liability in Williamsport
Understanding premises liability in Williamsport involves recognizing the legal responsibility property owners bear for injuries sustained on their property. This responsibility is not merely a broad legal concept; it’s specifically tailored to local Williamsport regulations and state laws in Pennsylvania. […]
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Williamsport Medical Malpractice Lawyer
If you or a loved one have suffered due to medical negligence in Pennsylvania, you have undoubtedly been through an incredibly taxing and overwhelming experience. Here at Munley Law, we believe that every victim who has been harmed or injured at the hands of a physician has a right to justice. You can trust Munley to provide compassionate and relentless representation as you navigate your personal injury case.
Our attorneys are renowned for their in-depth understanding of the complexities of medical malpractice cases, and are considered some of the leading lawyers in medical personal injury cases. What’s more, we have a proven track record of securing substantial compensation for our clients in Williamsport, PA and around the country.
At Munley Law, we are committed to holding negligent doctors accountable and ensuring that justice is served. With our unwavering dedication and proven track record, […]
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Williamsport Lyft Accident Lawyer
From the historic Millionaires’ Row to the vibrant downtown district, Williamsport, Pennsylvania offers no shortage of beauty, community, and entertainment. Tucked between the Susquehanna River and Bald Eagle mountain, Williamsport is a nature lover’s dream. But the unfortunate truth is that even in these picturesque surroundings, accidents can and do happen.
With nearly a 33% market share, Lyft is one of the most prominent rideshare services in use today, and Lyft accidents make up a notable portion of all car accidents. Rideshare accidents can lead to serious injuries, including broken bones, traumatic brain injury, spinal cord injuries, and even death. If you or a loved one has experienced a car accident while riding in a Lyft, or a car accident that involved Lyft in any capacity, we are here to protect your rights and help you seek compensation.
With a deep understanding of the unique transportation landscape in Williamsport and surrounding areas, […]
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Harrisburg Pedestrian Accident Lawyer
Experiencing a pedestrian accident is devastating for you or your loved one. The aftermath can be overwhelming as you deal with physical injuries, emotional trauma and financial burdens. The last thing you should worry about is how you can afford your recovery, which is why hiring an experienced lawyer is not just a choice but a necessity. Munley Law is the best choice for injury victims in Harrisburg, Pennsylvania.
The capital city of Pennsylvania, Harrisburg is known for its vibrant arts scene, iconic landmarks like the State Capitol Complex, and the Susquehanna River’s picturesque beauty. The city’s blend of history and modernity is reflected in its legal practices as well. Munley Law is a team of dedicated Harrisburg pedestrian accident lawyers who offer top-notch legal services rooted in continued growth and existing precedents.
With a proven track record in handling pedestrian and car accident cases, […]
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