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.
More information about Insurance
Reading Motorcycle Accident Lawyer
A Reading motorcycle accident lawyer is an essential advocate in the aftermath of a collision. Motorcyclists face unique challenges on the road, often encountering more significant risks than other vehicle operators. Their vulnerability to severe injuries and the complexities of accident liability make professional legal representation invaluable. When an accident occurs, the consequences can be life-altering, affecting the rider’s physical well-being, financial stability, and long-term quality of life.
Expert legal counsel is paramount in these situations. A skilled Reading motorcycle accident attorney from Munley Law navigates the intricacies of insurance claims, establishes fault, and vigorously pursues fair compensation. Their experience can significantly impact the outcome of a case, potentially transforming a hasty settlement into a comprehensive resolution. Insurance companies may attempt to minimize the extent of a rider’s suffering, but a dedicated accident lawyer recognizes the full spectrum of damages. […]
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Hazleton Lyft Accident Lawyer
The experienced Hazleton Lyft accident attorneys at Munley Law Personal Injury Attorneys have been representing injured people in Hazleton and throughout Luzerne County since 1959. We have earned a reputation as some of the best personal injury attorneys in the industry, especially with cases involving transportation accidents and commercial vehicle insurance. We work tirelessly to make our communities safer by holding negligent drivers and commercial entities accountable when innocent people get hurt.
Contact Munley Law Personal Injury Attorneys for a free consultation if you or your family member were injured in a crash involving a Lyft driver in Hazleton. We will review your Lyft accident case details and advise you about what to do next. We only get paid when we win your case. We have an office location in Hazleton, and we offer virtual consultations as well.
How a Lyft Accident Attorney in Hazleton Can Help
Having the right lawyer on your side can be the difference between receiving the compensation you need to recoup your losses and rebuild your life with peace of mind, […]
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Hazleton Car Accident Lawyer
If you or someone you love suffered a serious injury in a car crash in Hazleton, don’t settle with the insurance company before speaking with a Hazleton car accident attorney at Munley Law. At Munley Law, we understand your concerns when you’ve been involved in a car crash. You may face unpaid medical bills, physical pain, emotional trauma, and an inability to work. Since 1959, we have represented hundreds of auto accident victims throughout Luzerne County. We have won multimillion-dollar settlements for injured car accident victims across our area.
If you were hurt in a car wreck and are unsure what to do next, call our Hazleton office for a free consultation with a car crash attorney. We will answer your questions free of charge and help you decide what to do next. We are available to speak with you any time of the day or night. […]
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Hazleton Birth Injury Lawyer
At Munley Law Personal Injury Attorneys, our Hazleton birth injury lawyers know that the entire family suffers when a child sustains a birth injury. We also know that no amount of money will ever alleviate that pain. However, holding responsible parties accountable and ensuring you can afford the care your child needs can alleviate some of the stress. That’s why our Hazleton birth injury lawyers are here to take on the hospital and insurance corporations. We’ll fight for the funds your child needs while you focus on your baby’s care and healing. We are so confident in our ability to fight for your family that we won’t charge you a penny if we don’t win big.
To learn more about what it means to have a Hazleton injury lawyer from Munley Law Personal Injury Attorneys in your corner, schedule a FREE consultation today. […]
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Hazleton Wrongful Death Lawyer
Our Hazleton wrongful death lawyer at Munley Law knows there nothing is more devastating than the loss of a loved one. If that loss resulted from another person’s negligence or carelessness, the pain may be even greater. In addition to the immense grief you are feeling, you will likely also face sudden financial distress. Funeral costs, medical bills, loss of income, and more. While no amount of money can replace your loved one, a fair settlement can alleviate the burden of these costs and give you peace of mind.
Our compassionate and experienced personal injury attorneys in Hazleton have helped thousands of families like yours and we’re here to help. Chat live, fill out our email form, or call today for a free consultation with a Hazleton wrongful death lawyer at Munley Law Personal Injury Attorneys. There is no charge for our services unless we win your case. […]
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