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 Wrongful Death Lawyer
Pennsylvania’s premier personal injury representation
In the picturesque setting of Lower Merion, coupled with the vibrant and historic backdrop of Philadelphia, the importance of local representation in sensitive matters like wrongful death is magnified. Lower Merion is nestled amidst landmarks like the historic Ardmore Library and the picturesque Cynwyd Heritage Trail, where the complexities of navigating a wrongful death case demand local expertise. Situated a stone’s throw from Philadelphia, Lower Merion uniquely benefits from both its tranquil suburban charm and proximity to urban resources. Law firms like Munley Law, deeply rooted in this community and recognized as leading Pennsylvania wrongful death lawyers, offer an unparalleled blend of local insight and broader legal insight. Their deep understanding of the region ensures affected families receive justice with a touch of compassion, bridging both the Merion community and the larger Philadelphia metropolitan area. Choosing Munley Law as your wrongful death lawyer ensures expert representation and compassionate guidance, […]
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Pennsylvania Premises Liability Lawyer
Our Pennsylvania premises liability lawyer recognizes that Pennsylvania’s premises liability laws play a vital role in ensuring the safety of both residents and visitors within the state. Understanding these regulations becomes paramount when unfortunate incidents occur due to property negligence.
Navigating these legal intricacies can be daunting, underscoring the necessity of expert guidance. At Munley Law Personal Injury Attorneys, we dedicate ourselves to representing Pennsylvanians in such cases, championing their rights and ensuring they receive the justice they rightfully deserve.
What Are the Common Types of Premises Liability Cases in Pennsylvania?
The common types of premises liability cases in Pennsylvania include slip and fall accidents, negligent security,
Premises liability refers to a legal concept where property owners can be held accountable for injuries on their land due to unsafe conditions or negligence. Essentially, it mandates that property owners maintain safe environments for visitors, […]
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Upper Darby Motorcycle Accident Lawyer
Upper Darby, situated just west of Philadelphia, is a vibrant township known for its diverse population and rich history. Yet, like many places across the U.S., it’s not exempt from the issue of motorcycle accidents.
Nationally, motorcycle accidents account for a significant portion of road fatalities, despite motorcycles making up just 3% of all registered vehicles. Given its bustling streets and connectivity to major roadways, understanding the patterns and implications of motorcycle accidents in Upper Darby isn’t just crucial for its residents, but can also offer insights into broader trends and solutions that can benefit the entire nation.
If you or your loved one were injured in a motorcycle accident, call the Munley Law motorcycle accident lawyers today. During your free consultation, you will speak with one of our experienced accident attorneys who will guide you through the claims process and offer you all our legal services available. […]
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Lancaster Workers Compensation FAQs
Munley Law’s experienced Lancaster workers’ compensation attorneys are here to provide you with comprehensive and in-depth answers to frequently asked questions injured workers usually have regarding workers’ comp benefits in the PA.
If you or a loved one has encountered a work-related injury or illness in the heart of Lancaster County, you’ve come to the right place for answers.
Munley Law knows Lancaster county
Lancaster County is known for its rich heritage, from its picturesque farmland to its thriving arts and culture scene. However, whether you work in agriculture, manufacturing, healthcare, or any other industry, workplace injuries and illnesses can occur anywhere. It’s essential to be informed about your rights and options when facing these challenges, and that’s where we come in.
Below, you’ll find frequently asked questions on various aspects of workers’ comp, ensuring you have the knowledge you need to protect your rights. […]
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Lancaster Workers Compensation Lawyer
Navigating the intricacies of workers’ compensation in Pennsylvania can be a challenge. When life throws you a curveball in the form of a workplace injury or illness, you need more than just legal representation. You need a dedicated ally who understands Lancaster, its people, and the industries that drive this region forward.
Munley Law, a Pennsylvania-based workers’ compensation law firm, is here to be that ally. With a deep connection to Lancaster County, our team of attorneys is committed to providing you with the local expertise and legal support you need during difficult times. We have been fighting for injured workers in PA for more than 60 years.
Lancaster, a home to diverse industries
Lancaster, Pennsylvania, is known for its diverse industries, including agriculture, manufacturing, and healthcare. The region boasts landmarks like the historic Central Market, where locals and tourists alike gather to enjoy the flavors of Lancaster’s culinary heritage. […]
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