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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Lower Merion Rideshare Accident Lawyer
In today’s digitally-driven age, rideshare services have become an indispensable part of our daily commutes. From catching a quick ride to the grocery store to airport drop-offs, services like Uber and Lyft have made transportation simpler and more accessible for many. However, with this surge in usage, there has been a corresponding increase in rideshare-related accidents.
These incidents often involve complex legal terrains due to the interplay between personal insurance, rideshare company policies, and local regulations. As such, victims of rideshare accidents in Lower Merion require specialized legal representation to ensure they receive the compensation they rightfully deserve.
If you or a loved one were involved in an accident involving a rideshare company like Uber or Lyft, an experienced personal injury attorney from Munley Law can help.
The Intricacies of Rideshare Car Accidents
Rideshare motor vehicle accidents present a legal maze that’s distinct from standard auto accidents. […]
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Lancaster Premises Liability Lawyers
Holding property owners in Lancaster County responsible for their dangerous spaces
Lancaster County, with its rich history, charming towns, and beautiful landscapes, is a place where residents and visitors alike should feel safe to explore and enjoy. From the historic streets of downtown Lancaster to the scenic beauty of the surrounding Amish countryside, this region is filled with cultural treasures and natural wonders. Unfortunately, when property owners fail to maintain safe spaces, these attractions can become perilous. At Munley Law, our premises liability lawyers are dedicated to protecting the rights of those injured due to such property owner’s negligence. We are committed to holding property owners accountable and ensuring that victims receive the compensation they deserve, preserving the integrity and safety of our beloved Lancaster County.
Lancaster slip and fall accidents: injuries due to slippery or uneven surfaces on someone else’s Lancaster property
Slip and fall accidents are among the most common types of premises liability cases. […]
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Upper Darby Traumatic Brain Injury Lawyer (TBI)
Unlocking justice: Your advocate after a traumatic brain injury in Upper Darby
In the heart of Upper Darby, nestled among its iconic landmarks like the Tower Theater and the historic 69th Street, a beacon of hope stands for those who have faced life-altering events. Traumatic brain injuries (TBI) can be both devastating and overwhelming, altering the course of an individual’s life in an instant. Munley Law, Upper Darby’s premier traumatic brain injury lawyer, understands the profound impact of such injuries and is committed to guiding victims through the legal maze. With deep roots in the community, our Philadelphia brain injury law team offers a blend of local understanding and legal expertise, making us a trusted ally in the pursuit of justice. When the streets of Upper Darby bear witness to unexpected tragedies, Munley Law stands ready to champion the rights of TBI victims. […]
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Lancaster Slip and Fall Lawyer
Nestled in the heart of Pennsylvania, Lancaster is renowned for its rich history, scenic farmlands, and iconic Amish community. A unique blend of urban charm and rural elegance, this city offers more than meets the eye.
However, like many other places, Lancaster has its share of everyday incidents like slip and fall accidents. These accidents, often underestimated, can lead to severe injuries, spiraling medical bills, and significant emotional distress. The terrain of Lancaster, with its cobbled streets and seasonal weather fluctuations, can sometimes heighten the risk.
When such an unfortunate event occurs, the complexities of legal processes and the quest for rightful financial compensation make it essential to hire a lawyer who knows Lancaster inside out. The injury lawyers at the Munley Law firm have been protecting the rights of Lancaster residents since 1959. We offer a free case evaluation to new clients where we will discuss your legal options and help you recover compensation for your fall injuries. […]
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Lower Merion Uber Accident Lawyer
The scenic township of Lower Merion, nestled alongside the Schuylkill River and a stone’s throw away from the bustling heart of Philadelphia, has witnessed an evolutionary shift in its transportation dynamics. While iconic landmarks like the Lower Merion Synagogue and the Bryn Mawr Film Institute are frequented by locals and visitors alike, the increasing ubiquity of ridesharing services such as Uber has changed the way people move around. As residents swap traditional taxi services for the convenience of a smartphone app, the streets from Ardmore to Belmont Hills are bustling with Uber drivers ready to ferry passengers to their next destination.
But with this rise in ridesharing, there’s an inevitable increase in the potential for accidents. Navigating the historic, sometimes narrow roads of Lower Merion, or the busy intersections near Narberth and Haverford, poses challenges that can lead to mishaps. When these unfortunate incidents occur, the complexities of insurance, […]
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