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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Williamsport Motorcycle Accident Lawyer
Motorcycle accidents can be devastating, leaving victims with not only physical injuries but also emotional and financial burdens. For residents of Williamsport, PA, seeking specialized legal representation is crucial to ensure justice and adequate compensation.
For over six decades, Munley Law has been a beacon of trust and expertise in the realm of personal injury law. Established in 1959, our firm has consistently championed the rights of accident victims throughout Pennsylvania. With a team of award-winning personal injury lawyers, Munley Law has a long track record of success in the most serious injury and accident cases.
Choosing the Right Williamsport Motorcycle Accident Lawyer
In the aftermath of a motorcycle accident, the legal maze can be daunting. The choice of representation can make a significant difference in the outcome of your case. Munley Law’s guiding motto, “Choose Carefully,” […]
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Williamsport Pedestrian Accident Lawyer
If you’ve been involved in a pedestrian accident in Williamsport, PA, you understand the emotional and physical toll it can take. Navigating the legal landscape can be overwhelming, but you don’t have to go it alone. At Munley Law Personal Injury Lawyers, we specialize in representing victims like you. As your Williamsport pedestrian accident Lawyer, we’re committed to fighting for your rights and securing the compensation you deserve.
Why You Need an Experienced Pedestrian Accident Lawyer
Pedestrian accident cases are complex and require specialized legal expertise. General practice lawyers may not have the in-depth knowledge needed to navigate the intricacies of pedestrian accident laws. As specialized Williamsport Pedestrian Accident Lawyers, we understand the nuances of these cases and have the experience to secure the best possible outcome for you.
Common Causes of Pedestrian Accidents in Williamsport
Pedestrian accidents can occur for various reasons—distracted driving, […]
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Upper Darby Slip and Fall Accident Lawyer
Upper Darby Slip and Fall Accidents: Your Comprehensive Guide
Upper Darby, a Pennsylvania township rich in history with landmarks like the Tower Theater and the Sellers Library, is a bustling area that’s seen its fair share of growth and activity. Increased activity can also mean an increased potential for accidents, specifically slip and fall incidents. In such situations, you’ll find no better advocate than a specialized law firm like Munley Law.
Understanding the Basics of Slip and Fall Accidents
Slip and fall accidents occur when a person loses their balance due to a hazardous condition on someone else’s property and suffers injuries as a result. These accidents can happen almost anywhere, from supermarkets to office buildings. Munley Law offers a free initial consultation for your personal injury.
How liability is determined in personal injury accidents
Determining liability in slip and fall cases for personal injuries involves establishing that the property owner or occupier was negligent in some way and that this negligence directly contributed to your accident and subsequent injuries. […]
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Bensalem Premises Liability Lawyer
Hazardous Property Injury Claims
An incident transpiring on someone’s property has the potential to lead to severe harm. Such an occurrence could give rise to an accident causing substantial financial setbacks and personal injuries. Legal actions related to these incidents fall under the purview of premises liability within the realm of personal injury law. This subject is intricate and demands a solid legal foundation — an experienced premises liability attorney is highly recommended. Engaging a skilled personal injury attorney at Bensalem’s esteemed Munley Law becomes pivotal when aiming to assert a claim of negligence. At Munley Law Personal Injury Attorneys, our accomplished Bensalem personal injury attorneys boast an established history of achievements. Armed with decades of expertise, accolades, and glowing feedback from clients, we emerge as the optimal selection for your personal injury case. Our Bensalem slip and fall lawyers are dedicated to offering tailored and empathetic assistance. […]
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Third Party Claims in Workers’ Compensation Cases in Harrisburg
Workers’ Compensation Third-Party Claims: Maximizing Your Compensation in Harrisburg, PA
If you’re facing the complexities of workers’ compensation issues right here in our state’s capital, you’re not alone. Our team at Munley Law understands the unique challenges that Harrisburg workers may encounter when navigating the workers’ compensation system and dealing with third-party claims. We’re here to guide you through the process, providing you with the knowledge and expertise needed to protect your rights and secure the compensation you deserve.
Harrisburg, the vibrant capital city of Pennsylvania, is a city teeming with diverse industries, from government and healthcare to manufacturing and education. With so many workers contributing their skills and dedication to our community, workplace accidents and injuries can unfortunately happen. When they do, it’s crucial to have a trusted Harrisburg workers’ comp lawyer by your side to ensure you receive the full benefits and protections you’re entitled to under Pennsylvania law. […]
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