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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Erie Premises Liability Lawyer
Premises liability cases in Erie, Pennsylvania involve situations where a person is injured due to unsafe or defective conditions on someone else’s property. These cases can occur in various settings, such as residential homes, commercial properties, and public spaces. From slips and falls at a local store to accidents at a neighbor’s pool, premises liability cases encompass a wide range of incidents. Understanding the nature of these cases and the role of specialized lawyers in Erie becomes crucial as these incidents not only cause physical harm but also lead to financial and emotional distress for the victims.
Premises liability lawyers are legal professionals who specialize in representing clients who have been injured on someone else’s property due to unsafe or defective conditions. These incidents can occur in various settings, such as homes, commercial establishments, and public spaces, and can involve a wide range of injuries, from slips and falls to accidents caused by poor maintenance. […]
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Erie Rideshare Accident Lawyer
Rideshare accidents in Erie, Pennsylvania refer to incidents involving vehicles that are part of services like Uber or Lyft at the time of the accident. As ridesharing services continue to surge in popularity, the incidence of related accidents has also seen an increase. These accidents can be complex due to the unique operational structure of rideshare companies, where drivers are considered independent contractors rather than employees. Consequently, various factors, such as insurance coverage, liability, and legal representation, become complicated. This situation emphasizes the importance of understanding the nature of rideshare accidents and the role of specialized lawyers in such cases in Erie PA.
Rideshare accident lawyers in Erie, Pennsylvania are legal professionals who specialize in representing clients involved in accidents with rideshare vehicles, such as those operated by Uber or Lyft. Given the unique operational structure of rideshare companies, Uber and Lyft accident cases often involve complex issues of liability and insurance coverage. […]
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Erie PA Slip and Fall Lawyer
Slip and fall accidents, a common type of personal injury claim, occur when a person slips, trips, or falls as a result of a hazardous or dangerous condition on someone else’s property. These accidents can happen anywhere – in a grocery store, a neighbor’s driveway, a public sidewalk, or at a local restaurant. Common causes include wet floors, poor lighting, uneven surfaces, or hidden hazards. Injuries can range from minor bruises and sprains to severe fractures, head injuries, or even spinal cord damage. Property owners have a legal obligation to maintain a safe environment and may be held liable if their negligence leads to an accident. Understanding the nature of slip and fall accidents and the legal implications associated with them is crucial for both property owners and potential victims.
Slip and fall accidents, while often underestimated, […]
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Erie Wrongful Death Lawyer
The loss of a loved one due to another’s negligence or wrongdoing is an unimaginable tragedy. In Erie, Pennsylvania, such instances fall under wrongful death cases, a complex area of law designed to provide some form of recompense for the bereaved families left behind. These cases can stem from a multitude of circumstances, from car accidents and medical malpractice to workplace accidents and defective products. Understanding the nature of wrongful death cases, the legal requirements, and how to pursue justice in these situations is crucial for those affected in Erie PA.
Navigating the legal terrain following the untimely and unjust loss of a loved one can be a daunting task. During such challenging times, the assistance of a skilled wrongful death lawyer can be invaluable. In Erie, Pennsylvania, wrongful death lawyers stand ready to provide their expertise and compassion to grieving families. […]
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Georgia Truck Accident Lawyer
Truck accidents cause chaos and damage across the United States, and Georgia is no exception. In 2014, 155 deaths occurred in the state as a result of car accidents involving trucks. That same year, there were 1,164 car accident fatalities in total, meaning truck accidents accounted for approximately 13% of car accident fatalities.
These numbers are terrifying. There are countless families across the state, and the nation, who have lost a loved one to a truck accident, and countless people who are themselves suffering from the physical, emotional, and psychological impact of surviving a truck accident. Here at Munley Law Personal Injury Attorneys, we cannot take away the pain you have experienced, but we can help you find a way through it. You need to focus on recovery and getting back to the things you love, so let our Georgia truck accident lawyers focus on navigating the legal system and fighting on your behalf. […]
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