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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Wilkes Barre Bus Accident Lawyer
If you or a loved one have been involved in a Wilkes-Barre bus accident, injuries, trauma, damages, life changes, and, in the worst-case scenarios, death is a possible outcome. The trauma of being in this sort of accident and managing its aftermath can be overwhelming. You want to seek the compensation you need and are entitled to. If you or someone you love has fallen victim to a bus accident, our Wilkes-Barre bus accident lawyers can help you recover the compensation you need to rebuild your life. We represent bus passengers and drivers of other vehicles, pedestrians, or bicyclists who were hit by a bus. We have experience dealing with commercial transportation negotiators and a track record of showing our successes.
Our consultation is free, and there’s no charge for our services unless we win your case — call your Wilkes-Barre bus accident lawyer at Munley Law Personal Injury Attorneys today. […]
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Hazleton Truck Accident Lawyer
Were you injured in a truck accident in Hazleton? Call a Hazleton truck accident lawyer at Munley Law.
If you or a loved one have been involved in a truck accident in Hazleton, the aftermath can be overwhelming and confusing. You may be facing significant physical injuries, emotional distress, and mounting financial pressures due to medical bills and lost wages.
Truck accidents are different from regular auto accidents in many ways. They often involve multiple defendants, commercial insurance policies, and much more serious injuries.
Truck accident attorneys representing greater Hazleton, PA
Greater Hazleton encompasses an area within three counties: southern Luzerne County, northern Schuylkill County, and western Carbon County. Hazleton, PA is strategically located near many major interstates, including I-80, I-81, I-84, I-380, and Route 476. Many manufacturing and distribution companies are housed in the McAdoo, Humboldt, and Valmont industrial parks in Hazleton, […]
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What is a Premises Liability Claim?
Premises liability claims arise when an individual is injured due to hazardous conditions on someone else’s property. Property owners have a legal obligation to maintain a safe environment for visitors, guests, and customers. When they fail to uphold this duty, accidents and injuries can occur, leading to premises liability claims. These claims encompass a wide range of incidents, from slip and falls to inadequate security or dangerous conditions.
Premises liability is a legal concept that holds property owners or occupiers responsible for accidents and injuries that occur on their premises. When individuals visit a property, they have a reasonable expectation of safety and protection from hazards. If a property owner or occupier fails to maintain a safe environment and someone gets injured as a result, a premises liability claim may arise. These claims can involve various types of accidents, such as slip and falls, […]
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What to Do If You Get Into an Accident While Riding With Lyft
As ridesharing services continue to gain popularity, accidents involving Lyft vehicles have become a growing concern. Lyft accidents can result in significant injuries, property damage, and emotional distress for those involved. Understanding the unique aspects of Lyft accidents and the legal considerations involved is crucial for both passengers and drivers.
Being involved in a Lyft accident can be a stressful and overwhelming experience. However, it is important to stay calm and take immediate action to protect your well-being and legal rights. Knowing what to do in the aftermath of a Lyft accident can make a significant difference in the outcome of your case. In this article, we will discuss the essential steps you should take if you find yourself in a Lyft accident. From ensuring your safety to gathering evidence and seeking proper medical attention, understanding the necessary actions can help you navigate the situation with confidence and protect your interests. […]
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What Does a Motorcycle Accident Lawyer Do?
Motorcycle accidents can have devastating consequences, often resulting in serious injuries or fatalities. Due to the inherent vulnerability of motorcyclists on the road, these accidents pose unique risks and challenges. Understanding the causes, impacts, and legal considerations associated with motorcycle accidents is crucial for both riders and motorists.
Motorcycle accidents can be traumatic experiences that leave riders and their families dealing with physical, emotional, and financial hardships. When faced with the aftermath of a motorcycle accident, seeking the assistance of a skilled and experienced motorcycle accident lawyer is essential. These specialized attorneys understand the unique challenges and complexities of motorcycle accident cases and can provide valuable guidance and support. In this article, we will explore the role of motorcycle accident lawyers, their expertise in handling such cases, and the benefits they bring to those seeking justice and fair compensation after a motorcycle accident. By partnering with a knowledgeable lawyer, […]
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