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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Questions to Ask Your Workers’ Comp Lawyer
Know What to Ask an Experienced Workers’ Comp Lawyer
A workplace accident may mean prolonged medical treatment, physical therapy and rehabilitation, and time off work. Workers’ compensation benefits exist to cover these expenses, but obtaining your benefits isn’t always easy. A workers’ compensation lawyer can help you recover the benefits you are owed.
In Pennsylvania, most employees are covered under workers’ comp for medical costs and lost wages caused by a work-related injury or death. Under Pennsylvania’s workers’ compensation law, injured workers have a right to file a workers’ compensation claim if they have been injured while carrying out their work-related tasks either on-site or off-site. How long these benefits last depends on the severity of your injury and the possibility of long-term disability.
Unfortunately, employers and insurance companies often deny workers’ comp claims, even when they are valid. That’s where a workers’ comp lawyer can help. […]
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When To Hire a Workers’ Compensation Lawyer in Pennsylvania – The Complete Decision Guide
If you’re reading this, you’re probably worried about your workers’ compensation claim and wondering whether you need to hire a lawyer. This is one of the most important decisions you’ll make after a workplace injury, and it’s completely normal to feel uncertain about it. The reality is that the decision to hire a workers’ compensation lawyer often determines whether you recover thousands of dollars or struggle with denied claims and inadequate benefits.
Most Pennsylvania workers face this same dilemma after a workplace injury. You’re dealing with physical pain, mounting medical bills, lost wages, and a complex legal system that seems designed to confuse rather than help. The good news is that you don’t have to navigate this decision alone. Pennsylvania workers who hire qualified workers’ compensation attorneys recover an average of $47,000 more than those who handle their claims without legal representation.
At Munley Law, […]
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What a Philadelphia Truck Accident Lawyer Can Do For You
Truck Accident Cases Can Be Severe & Complex. We Can Help.
Truck Accident Cases Can Be Severe & Complex. We Can Help.Standing fourteen feet tall, boasting an impressive seventy feet of length, and weighing in at an astounding 80,000 pounds, semi-trucks are truly a sight to behold. You can probably still remember being a young child and marveling at these metal monsters as they rumbled down the highway.
However, for the victim of a truck accident, these behemoth vehicles represent a lot more. If you or a loved one have been injured in an accident with a truck, it’s important you have an experienced truck accident lawyer by your side. At Munley Law Personal Injury Attorneys, our Philadelphia truck accident lawyers are the top truck accident lawyers in the country. We have decades of experience ensuring truck accident victims get the justice they deserve.
Truck accidents can be complicated cases – […]
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Pittsburgh Bikeshare Accident Lawyer
Seeking Justice after a Pittsburgh Bike Share Accident
Biking is a wonderful means of transportation for many reasons, including the environmental impact, the exercise, and the affordability, whether for commuting or simply for pleasure. But like all means of getting around, especially in a busy city such as Pittsburgh, there are inherent risks and dangers. And sometimes, bicycle accidents happen.
With bike sharing specifically, some additional risks come into play. Bike share programs, like Pittburgh’s HealthyRide, may mean that people who are not regular or experienced cyclists are now biking on busy city streets. This is also a popular means of getting around the city for visitors and tourists, which means that people who lack familiarity with their surroundings are biking in high-traffic areas. This can be extremely dangerous.
If you have been injured in a bike accident, or specifically a bikesharing accident, […]
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Is It Worth Getting a Lawyer for a Car Accident in Philadelphia?
Determining When To Speak to a Car Accident Lawyer
Car accident cases can be complicated. From dealing with the insurance companies to determining fault, most car accident victims don’t know where to begin. Car accidents in Philadelphia also have certain dates to meet under Pennsylvania law. If you want to file a car accident claim, you should not delay.
While not all car accidents require the aid of a Philadelphia car accident lawyer, in many car accidents, it is worth seeking legal advice.
Learn more about the situations in which a car accident may require an experienced car accident lawyer.
Questions For Philadelphia Car Accident Lawyers
It is normal after an auto accident to have multiple questions. For starters, what do I do now? Following a car accident, you’ll want to do the following:
- Go to a safe location off the road if possible. […]
