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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Who Is Liable In A Philadelphia Idego Bikeshare Accident?
Picture this: you’re cruising down the streets of Philadelphia on an Indego bike, feeling the wind in your hair and the adrenaline pumping through your veins. Suddenly, a pedestrian steps out from nowhere, causing you to swerve and collide with a parked car.
In this scenario, who is to blame? Is it the rider who failed to react in time? Or is it the city’s responsibility to ensure the safety of its bike-sharing program?
Throughout this article, we will explore the roles and responsibilities of each party involved, shedding light on the complex process of determining liability in Philadelphia Indego bikeshare accidents. So, hold on tight as our Philadelphia bicycle accident lawyers navigate the web of responsibility and implications that arise from these unfortunate incidents.
Responsibilities of Riders in Philadelphia Indego Bikeshare Accidents
When riding in Philadelphia’s Indego bikeshare program, […]
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Carbondale Workers’ Compensation FAQs
Are you a worker in Carbondale who has questions about workers’ compensation? Look no further! This article is here to provide answers to your most frequently asked questions. Whether you’ve been injured on the job or simply want to understand your rights and protections in the workplace, our Carbondale workers’ compensation lawyers got you covered.
Question: What is Workers’ Compensation?
If you’re unsure about the ins and outs of workers’ compensation in Carbondale, you’re not alone. Many people have questions about how it works and what it covers.
Workers’ compensation benefits are designed to provide financial assistance to employees who are injured on the job or develop work-related illnesses. These benefits can include medical treatment, wage replacement, and disability payments. It’s important to understand that workers’ compensation is a no-fault system, meaning that it doesn’t matter who was at fault for the injury or illness. […]
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Can I Sue Someone Personally After A Motorcycle Accident?
Have you recently been involved in a motorcycle accident and are wondering if you can sue the responsible party personally? The answer to that question depends on several factors, but it is definitely possible to take legal action in such cases. This article will provide you with a guide on how to navigate the process of suing someone personally after a motorcycle accident.
First and foremost, it is crucial to determine who was at fault for the accident. This can be done by gathering evidence such as photographs, witness statements, and police reports. Once fault has been established, it is advisable to consult with an experienced personal injury attorney who specializes in motorcycle accidents. They will be able to evaluate the strength of your case and guide you through the legal process.
With their motorcycle accident expertise, you can ensure that you are taking the right steps towards seeking justice and fair compensation for your motorcycle accident injuries and damages. […]
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Easton Car Accident Lawyer
Were you the victim of a car crash in Easton? Have a team of our top auto accident lawyers review your case for free.
If you’ve been seriously injured or lost a loved one in a car accident in Easton, PA, you need a legal team who will help make things right for you. We understand how devastating it is to have your life altered by someone else’s negligence. Mounting medical bills and loss of income due to car crash injuries can affect your entire family. You deserve fair compensation. Find out how an Easton auto accident lawyer at Munley Law Personal Injury Attorneys can help you.
What sets Munley Law Personal Injury Attorneys apart from other personal injury law firms in Northampton County? We have been representing individuals and families in the Lehigh Valley for more than 60 years. Our lawyers have helped thousands of people just like you who have suffered life-altering injuries and losses due to an auto accident. […]
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Easton Truck Accident Lawyer
Our Easton truck accident lawyer will fight for you against the trucking company
Get the maximum compensation and the justice you deserve for your truck accident injuries
Easton, a bustling city known for its vibrant economy and heavy traffic, unfortunately, also sees its fair share of truck accidents. Each year, numerous residents and commuters become victims of these devastating incidents, resulting in significant physical, emotional, and financial distress. The complexity of truck accidents, coupled with the severity of the damages they often cause, makes them a unique category within personal injury law.
In such challenging times, the importance of having a local attorney who specializes in truck accident litigation cannot be overstated. A local lawyer not only understands the specific laws and regulations of Easton but also has a deep familiarity with the local courts, judges, and other attorneys. […]
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