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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Easton Personal Injury Lawyer
Have you or a loved one been involved in an accident that resulted in catastrophic injuries? An Easton personal injury lawyer from Munley Law can help.
If you’ve been injured due to someone else’s negligence in the Lehigh Valley, an Easton personal injury lawyer can help you navigate the legal process and fight for the compensation you deserve. With their expertise and dedication, they can guide you through this challenging time, ensuring your rights are protected and you receive the support you need to recover.
Call the Easton personal injury lawyers of Munley Law today for a no-obligation free consultation.
What Does a Personal Injury Lawyer Do in Easton, PA?
A personal injury lawyer assists individuals injured due to someone else’s negligence, ensuring they receive the compensation they deserve. Their role encompasses a variety of tasks, starting with a thorough investigation of the incident. […]
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Florida Truck Accident Lawyers
Florida’s truck route network supports a steady flow of goods along I-95, I-75, I-4, and I-10, but with so many commercial vehicles on the road, serious crashes are bound to happen. If you were injured in a collision with a delivery truck, freight carrier, or long-haul rig, your Florida truck accident lawyer with Munley Law is ready to help. With over 50 million dollars in damages recovered and decades of success, our top rated truck accident lawyers know how to hold trucking companies accountable when their carelessness puts lives at risk.
Florida Truck Accident Attorneys with Proven Results
When you are hurt in a serious crash with a commercial vehicle, experience matters. You need a team that knows Florida law, understands trucking regulations, and can build a case that gets results. Our Florida truck accident attorneys are trusted by injured drivers and families across the state because we have done it before, […]
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Williamsport Personal Injury Lawyer
If you or a loved one suffered a severe injury in an accident caused by someone else, you have the right to pursue compensation for your losses. A skilled Williamsport personal injury lawyer at Munley Law can ensure you recover fair compensation for your injuries.
Chat live, fill out our contact form, or call today. The consultation is always free, and we never charge a fee unless we win your case.
What is A Personal Injury Claim?
A personal injury claim refers to the legal process of suing a party or parties for damages after their negligence caused you harm.
For example, let’s say a drunk driver crashed into your car, sending you to the hospital with multiple broken bones that required surgery, and rehabilitation. The medical expenses you incurred from that car accident are more than $100,000. A personal injury claim allows you to sue the drunk driver and collect financial compensation that will offset those expenses. […]
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Nazareth Personal Injury Lawyer
If you or a loved one has been injured due to someone else’s negligence, you are now also tasked with trying to understand the legal issues around personal injury law. It’s not easy to know what steps to take or who to turn to for help. That’s where Munley Law comes in.
Our Nazareth personal injury attorneys are dedicated to guiding you through this difficult process. Whether you’ve been in a car accident, hurt on the job, or injured due to medical malpractice, we’re here to make sure you get the compensation you deserve.
When Do I Need a Personal Injury Lawyer in Nazareth?
Personal injury cases arise from a variety of situations where someone else’s carelessness or intentional wrongdoing results in harm. Many people aren’t sure whether their case qualifies for a personal injury claim. However, […]
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California Truck Accident Lawyer
The trucking industry plays a critical role in California’s economy, with countless commercial vehicles delivering goods across highways like I-5, I-10, and I-80 every day. Unfortunately, the size and weight of these trucks make collisions especially dangerous when something goes wrong. With more than 65 years of combined trial experience, a California truck accident lawyer with Munley Law is here to help you understand your rights and fight for the compensation you deserve. If you were injured in a truck accident, reach out to the nation’s top-rated truck accident lawyers today to discuss your next steps with a trusted legal advocate.
Why Munley Law Is the Truck Accident Law Firm You Can Trust
When you’re dealing with the chaos of a serious truck crash, you deserve to feel confident in the team standing beside you. Our California truck accident attorneys bring nationally recognized credentials, […]
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