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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York Slip And Fall Lawyer
Accidents can happen when we least expect them, even in an idyllic setting such as York, PA. One of the most common types of accidents is a slip and fall incident — not only can this type of accident come as a such, it can also lead to serious injuries.
The consequences of a slip and fall can be physically, emotionally, and financially devastating. Whether you’ve slipped and fallen on a wet floor in a store, an icy sidewalk, or a poorly maintained property, it’s essential to know your rights and seek the guidance of a dedicated York slip and fall attorney. Working with a premises liability attorney can increase your changes of securing financial compensation, and can also make an overwhelming process that much more manageable.
Don’t hesitate to contact us today to schedule a free consultation with an experienced slip and fall lawyer, […]
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Bensalem Pedestrian Accident Lawyer
Bensalem, rooted in Pennsylvania’s deep historical legacy and highlighted by landmarks like the Parx Casino and Penn Community Bank Amphitheater, has a unique blend of bustling urban life and respected cultural heritage. Yet, amidst its vibrant streets, pedestrian accidents do occur, changing the lives of victims and their families.
In such challenging times, a Bensalem, Pennsylvania pedestrian accident lawyer becomes crucial, offering expert guidance through the complex legal terrain of pedestrian injuries while having an understanding of Bensalem’s bustling intersections.
Why You Need a Bensalem Personal Injury Attorney
In Bensalem, pedestrian accidents, while unfortunate, are a stark reality. According to the National Highway Traffic Safety Administration (NHTSA), in 2022 “while fatalities overall declined, fatalities amongst cyclists and pedestrians continued to rise.” Pedestrian accidents often involve complex factors such as negligent drivers, pedestrian behavior, road conditions, and traffic signals. Given the intricacies, […]
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Easton Slip and Fall Accident Lawyers
If you or a loved one have been injured in an Easton slip and fall accident due to someone else’s negligence, a timely and informed claims process can help to recover losses for injuries and suffering. You may need to file a lawsuit to get fair compensation when all else fails. Times like this make you feel vulnerable due to the trauma of your accident, your injuries, financial losses, life adjustments, and the process of trying to figure out how, when, and what to recover from your slip and fall accident. You need an experienced Easton slip and fall accident lawyer.
Our Easton slip and fall attorneys at Munley Law Personal Injury Attorneys are award-winning and have over 60 years of experience successfully recovering compensation for victims who have fallen due to someone else’s negligence. Contact us today for your free consultation and case evaluation. […]
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Abington Motorcycle Accident Lawyer
Motorcycling, with its sense of freedom and adventure, has a significant following in Abington, a vibrant community known for its scenic roads and local biker events. However, this thrilling mode of transportation comes with inherent risks, particularly on the 
bustling streets and highways of Abington. The unique challenges and vulnerabilities that motorcyclists face make accidents not only more likely but also potentially more severe. In such unfortunate circumstances, securing legal representation that understands the local landscape and specific nuances of motorcycle accidents is crucial to protect yourself.
Abington, with its diverse road conditions ranging from well-traveled city streets to more secluded rural roads, requires a motorcycle accident lawyer who is intimately familiar with the area and its specific traffic challenges. This is where the importance of a specialized Abington motorcycle accident lawyer comes into play, and Munley Law stands out as a beacon of trust and expertise in this domain. […]
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East Stroudsburg Car Accident Lawyer
Getting You the Compensation You Deserve for Your East Stroudsburg Car Accident Injury
If you or a loved one have been involved in an accident in East Stroudsburg, PA, due to someone else’s negligence, you should consult an East Stroudsburg car accident lawyer to ensure your compensation claim is headed in the right direction. Calling an East Stroudsburg car accident lawyer as soon as possible is in your best interest. Experienced car accident attorneys have the resources and personal injury law team to secure evidence quickly (so that it remains intact), leaving no stone unturned.
How Will a Car Accident Attorney in East Stroudsburg Help My Injury Case?
The East Stroudsburg car accident lawyers at Munley Law have the resources and experience to steer your compensation claim for success, including:
- Investigators, police, and professional reconstructionists help investigate the car wreck
- Cell phone records are reviewed
- Photos and surveillance videos are secured
- Witness statements are collected
- Expert testimonies are secured
- Negotiations and communications with insurance companies are managed
- An accident report is filed within two days of the accident (mandatory)
- Free case evaluation, […]
