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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Harrisburg Car Accident Lawyer
A Harrisburg car accident lawyer from Munley Law understands how overwhelming a crash can be, especially when dealing with injuries and complex insurance claims. For 65 years, our experienced legal team has helped Harrisburg residents navigate Pennsylvania car accident laws and secure the compensation they deserve after accidents caused by negligent drivers or poor road maintenance. Contact us today for a free, no-obligation consultation, and let our trusted attorneys guide your path to justice. There is no fee unless we win your case.
Understanding Car Accidents in Harrisburg
In the heart of Pennsylvania, the city of Harrisburg witnesses a dynamic mix of traffic, from bustling intercity commutes to serene countryside drives. However, this traffic flow also leads to a significant number of car accidents. Dauphine County reported 2,761 crashes in 2023.
Every Harrisburg auto accident injury claim hinges on negligence, […]
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Philadelphia Truck Accident Lawyer
Dealing with the aftermath of an accident with a truck in Philadelphia can be frustrating, stressful, and devastating. Faced with medical expenses, pain and suffering, and lost wages, the road to recovery may seem long and hard for both you and your family. You need an experienced Philadelphia truck accident lawyer to help you receive the maximum amount of accident compensation for your losses so you and your family can start the healing process.
Trucking accidents are usually more challenging to navigate on your own. Multiple parties may be responsible for your truck accident injuries, and the insurance company will try to prevent you from receiving a fair settlement offer. Our lawyers at Munley Law are here to help if you are involved in a commercial truck accident.
What a Philadelphia Truck Accident Lawyers Can Do For You
A truck accident lawyer in Philadelphia is a personal injury attorney who specializes in helping injury victims following truck collisions with a large truck, […]
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Reading Truck Accident Lawyer
The Reading truck accident lawyers at Munley Law have been the trusted advocates for truck accident victims in Reading, Pennsylvania. Our team includes board-certified specialists who know the ins and outs of trucking laws and regulations. At Munley Law, we’ve had unparalleled success in truck accident cases and will provide personalized guidance through every step of the process. We are committed to protecting your rights and maximizing your compensation.
Don’t face this challenging time alone. Our truck crash attorneys are ready to fight for you. Truck accident cases move quickly, so don’t wait. Contact Munley Law today for a free consultation with a Reading truck accident lawyer and let our injury law expertise work for you.
Compensation Available After a Reading Truck Accident Injury
If you or a family member has been injured, you absolutely have the right to compensation. And with effective representation, […]
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Erie Truck Accident Lawyer
Commercial truck accidents can cause unimaginable damage due to the average size and weight of commercial trucks—often many, many times larger than other vehicles. Too many Erie, Pennsylvania, drivers are harmed by negligent truckers and trucking companies. If you or a loved one have sustained injuries in a trucking accident, don’t hesitate to seek legal representation from an Erie truck accident lawyer at Munley Law. Working with our legal team is your best path forward as you seek justice and fair compensation. Contact us today to schedule a free consultation and learn how we can protect your interests.
What Does an Erie Truck Accident Lawyer Do?
If you have sustained serious injuries in a truck accident, your head might be swimming with questions: how will I pay for my medical bills? Where does the insurance company come in? Do I need a lawyer? […]
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Reading Pedestrian Accident Lawyer
If you or a loved one have fallen victim to a pedestrian accident, you need an experienced, knowledgeable Reading pedestrian accident lawyer with a proven success record. Pedestrian injuries can be devastating, taking a toll on victims and their families in regards to physical damages, therapy, change of routine/physical limits, loss of work, medical bills, and also in regards to the toll on victims’ emotional and mental well-being. At Munley Law, our Reading accident lawyers bring decades of experience handling pedestrian accident cases just like yours. We offer a free consultation, and if we don’t secure results, you owe us nothing. Our Reading pedestrian accident lawyers here to get the job done and ensure you receive the compensation you deserve.
If you were involved in a pedestrian accident in Reading, PA, don’t wait. Contact a Reading pedestrian accident attorney at Munley Law today to schedule a free consultation. […]
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