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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Tractor Trailer Accidents
The Munley Law tractor trailer truck accident lawyers have won millions for our clients, securing their financial future amid overwhelming uncertainty. We deeply understand what you and your family are going through, and we are confident we can help.
Your initial consultation with one of our trucking accident attorneys is always free. Call today to speak with an experienced trucking lawyer who will guide you through the claims process and spearhead your case.
The Role of a Tractor Trailer Accident Attorney
Simply put, your truck accident lawyers should completely take over the truck accident claim for you. Your only responsibility during the process should be to recover and start to rebuild your life. Here is what your truck accident lawyer should be handling:
- Determining Liable Parties: The truck accident attorneys will gather evidence from the accident scene, interview eyewitnesses, […]
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Tanker Truck Accidents
If you were injured in a tanker truck accident, you probably have hundreds of questions swirling in your head: What will my life look like moving forward? How will I pay for the property damage and my new medical bills? Those questions are valid, and the tanker truck accident lawyers at Munley Law have answers.
At Munley Law, we offer free consultations to new clients. You can sit down with an experienced truck accident lawyer who will assess your case, answer your questions, and lay out your legal options.
What is a Tanker Truck?
Because of the type of cargo carried, an accident involving tanker trucks can cause widespread devastation to other vehicles and their passengers in mere minutes. The impact of the truck accident can inflict a lifetime of hardship on each victim. Tanker trucks carry gasoline, diesel, and liquefied petroleum or natural gas. […]
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Garbage Truck Accidents
A garbage truck, also known as a waste collection vehicle, is designed to pick up waste and haul it to landfills and/or recycling or treatment facilities. Garbage truck accidents present severe risks due to their size and the nature of their routes through residential areas. If you or a loved one have been injured in an accident with a waste collection vehicle, it’s essential to contact an experienced garbage truck accident lawyer to help with your personal injury claim.
What Does a Garbage Truck Accident Lawyer Do?
A garbage truck accident attorney is a personal injury lawyer specializing in garbage truck accident cases. They are instrumental in navigating the aftermath of such incidents. From investigating the details of the accident to gathering evidence and advocating for your rights in negotiations and courtrooms, they’re your trusted allies in seeking fair compensation and justice. […]
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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, […]
