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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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, representing oneself in court or when dealing with insurance companies can be overwhelming and detrimental to a victim’s claim. […]
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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.
What is a Slip and Fall Accident? […]
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East Stroudsburg Car Accident Lawyer
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, […]
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York Motorcycle Accident Lawyer
When the unexpected occurs, and the sound of a revving engine is replaced by the cacophony of legal complexities, having a steadfast ally becomes paramount. This is where a York motorcycle accident attorney steps into the scene, not only as a legal representative but as a pillar of support for those grappling with the aftermath of a motorcycle accident.
The accident lawyers at Munley Law are advocates dedicated to safeguarding the rights of riders when they need it most, leveraging their knowledge of local terrain and laws to construct a robust case. From negotiating with insurance companies to litigating in court, their expertise can make all the difference in ensuring that justice is served and rightful compensation is obtained.
Common Causes of Motorcycle Accidents in York, PA
Motor vehicle accidents can occur due to a variety of factors, often resulting from a combination of human error (such as breaking traffic rules or not following the speed limit), […]
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Bethlehem Spinal Cord Injury Lawyer
Spinal cord injuries can make you instantly feel vulnerable physically, mentally, emotionally, and financially. You need an experienced lawyer with a successful track record, exceptional resources, and the scope to get you the maximum compensation that you are entitled to: you need the Bethlehem spinal cord injury lawyers at Munley Law Personal Injury Attorneys.
If you, or a loved one, have a spinal cord injury due to someone else’s negligence, navigating how to get support and compensation during this extremely difficult time can be overwhelming. Time is of the essence. Contact our Bethlehem spinal cord lawyers today via chat, email, or phone to schedule a free case evaluation.
What Is A Spinal Cord Injury (SCI)?
Spinal cord injuries can present themselves in various ways, depending on where the injury is. A spinal cord injury occurs when damage creates a loss of motor function and/or feeling or sensation. […]
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