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 Distracted Driving Accident Lawyer
Distracted driving continues to be a significant cause of car accidents in Reading, Pennsylvania. Reading is a city steeped in industrial heritage with a population of over 95,000 residents. Situated within Berks County and known for its local landmarks such as the Pagoda and the Reading Public Museum, Reading experiences an increased volume of both local and tourist traffic, which contributes to its distracted driving accidents.
There has been an alarming spike in these accidents, with mobile phone use, GPS navigation, and in-car entertainment systems being the main culprits. This issue is magnified by Reading’s busy urban layout, composed of one-way street systems, intersections, and evolving infrastructure. These factors together make Reading’s roads highly susceptible to distractions.
If you or your loved one were injured in a car accident caused by a distracted driver, contact the Reading distracted driving accident lawyers at Munley Law for a free consultation. […]
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Pittsburgh Driver Error Accident Lawyer
Located at the heart of Pittsburgh, the city where three rivers meet, our expert team at Munley Law Personal Injury Attorneys proudly serves residents of the Steel City and its surrounding communities. Pittsburgh is known for its vibrant neighborhoods, iconic bridges, and for being a hub of technological innovation, but we also understand the challenges that come with navigating its bustling streets.
Each year, numerous car accidents due to driver error occur on Pittsburgh’s busy roads, from the winding byways of Squirrel Hill to the bustling intersections of Downtown and even on the parkways during the heavy rush hours. Our experienced Pittsburgh car accident lawyers are here to provide you with dedicated, knowledgeable legal representation, helping you navigate the complexities of the law, and secure the compensation you deserve.
What is a Pittsburgh Driver Error Accident Lawyer? 
Our Pittsburgh car accident lawyers specialize in handling motor vehicle accident cases stemming from driver errors. […]
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What Is the Most Common Abuse in Philadelphia Nursing Homes?
Navigating the complexities of nursing home care is no easy task, especially when considering the safety and well-being of your loved ones. In Philadelphia, the unfortunate reality is that nursing home abuse is far too common. You might be surprised to discover that it manifests in various forms, from neglect to financial exploitation.
As a concerned family member or friend, understanding these forms of abuse is the first step in ensuring your loved ones receive the dignified and respectful care they deserve. Together, we will delve into the prevalent forms of nursing home abuse in Philadelphia, highlighting their consequences, causes, and potential prevention strategies.
Understanding Nursing Home Abuse in Philadelphia
With a rich history and vibrant culture, Philadelphia is home to a considerable older adult population. According to the Philadelphia Corporation for Aging, as of 2021, more than 17% of the city’s population was aged 65 or older, […]
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Philadelphia Driver Error Accident Lawyer
When you’re involved in a car accident caused by driver error, the aftermath can be overwhelming. The physical injuries, emotional trauma, and financial burden can significantly impact your life. In such a situation, having a dedicated Philadelphia car accident lawyer by your side is crucial. They can help you navigate the complex legal landscape, ensuring you receive the compensation you deserve for your injuries and losses.
Munley Law Personal Injury Attorneys: Your Trusted Advocate in Philadelphia
For over six decades, Munley Law Personal Injury Attorneys have been fighting for the rights of accident victims throughout Pennsylvania. Our award-winning team of attorneys specializes in personal injury cases, with a particular focus on car accidents caused by driver error. We understand the intricacies of such cases and are committed to helping you every step of the way, from the moment you contact us to the moment we hand you your settlement check. […]
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What Is The Average Settlement For A Motorcycle Accident?
Are you curious about the average settlement for a motorcycle accident? Motorcycle accidents can have devastating consequences, both physically and financially. If you’ve been involved in a motorcycle accident and are seeking compensation, it’s important to have a clear understanding of what you may be entitled to.
In this article, we will explore the factors that can impact motorcycle accident settlements, the importance of location and insurance policies, and the role of legal representation in securing a fair settlement. By the end, you’ll have a better understanding of what to expect and how to seek the compensation you deserve.
So, let’s dive in and explore the world of motorcycle accident settlements.
Factors that Impact Motorcycle Accident Settlements
When determining the average settlement for a motorcycle accident, various factors such as the severity of injuries, the extent of property damage, and the level of negligence involved all play a significant role. […]
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