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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Bethlehem Drunk Driving Accident Lawyer
If you or a loved one were involved in an accident with a drunk driver, you need an experienced Bethlehem drunk driving accident lawyer at Munley Law. Given the serious consequences of drunk driving, it is essential to have a skilled legal team on your side who can help you navigate the complex legal process and ensure that you receive the compensation you deserve.
It is common knowledge that driving under the influence of alcohol is a dangerous and illegal act. Alcohol consumption can significantly impair the central nervous system, which in turn can limit a driver’s ability to operate a vehicle safely. When a driver chooses to get behind the wheel after drinking, they are putting themselves and others at serious risk of harm. Our drunk driving accident lawyers are well-equipped to assist you in navigating the legal complexities of such cases and obtaining the compensation you deserve. […]
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How Much Does An Easton, PA Car Accident Lawyer Charge?
If you’ve been involved in a car accident in Easton, PA, you may be considering hiring a car accident lawyer to help you navigate the legal aftermath. But one of the most common questions people have is: how much will it cost for a car accident lawyer? It’s a valid concern, as the financial impact of a car accident can be significant, and the thought of adding lawyer fees on top of that can be daunting. The cost for a car accident attorney in Easton, PA, can fluctuate significantly due to many factors, such as the complexity of the case, the lawyer’s experience, and the legal fee structure. Contact our Easton car accident lawyers at Munley Law for a free consultation today — understand your legal rights and options without the financial commitment.
Understanding the Role of a Car Accident Lawyer
When you’re involved in a car accident in Easton, […]
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Economic Effect of Car Accidents on Easton Residents
If you get into a car accident in Easton, PA, you may be facing more than just healing from a severe injury. The economic effects of car accidents are both direct and indirect – from immediate expenses such as vehicle repairs and medical bills to lost wages and ongoing care needs. That’s why it’s important to speak with an experienced Easton car accident lawyer to understand your next steps for recovering compensation for your injuries. Let’s dive in to learn more about the economic impact of car accidents.
Car Accidents Have Direct Economic Consequences
Auto accidents can have serious economic repercussions. First of all, vehicle and property damage costs must be considered. For many residents of Easton, relying on their car as part of daily commuting and living needs can become significant financial liabilities; repair bills for a totaled vehicle or even replacing one could become considerable expenditures. […]
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Lowboy Truck Accident Lawyer
Were You Injured in an Accident With a Lowboy Truck? We’re Here to Help
Lowboy trucks are often carrying heavy loads, and accidents involving these types of rigs can be particularly devastating. Although things can go wrong in any type of trucking accident, there are a few specific outcomes that drivers should be aware of in a lowboy truck accident. Some of these scenarios include limited visibility because of the trailer, reduced brake responsivity due to the inertia of the trailer, and the possibility of the trailer detaching in a crash.
Collisions with lowboy trucks can be messy to navigate. In a regular, non-commercial crash, the relevant parties include the motorists and their respective insurance companies. As lowboy truck accidents are commercial in nature, the employer of the truck driver will be an additional party involved in the claims process.
If you or a loved one was injured in a lowboy truck accident, […]
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Easton Workers’ Compensation and Third Party Claims
Workers’ compensation is a system designed to provide financial benefits to employees who suffer work-related injuries or illnesses. It is a form of insurance that provides medical treatment coverage, wage replacement, disability benefits, and vocational rehabilitation to injured workers in Pennsylvania.
If you have been injured while on the job in Easton, PA, you might have questions about how the workers’ comp system works, who is eligible, how much you can receive, and more.
Nearly all employers in PA are required by law to carry workers’ compensation insurance for all employees beginning on the employee’s first day on the job.
An experienced Easton workers’ compensation attorney at Munley Law can answer your questions and guide you in beginning your claims process.
Sometimes, you are injured at work, and an outside party is at fault. You might also want to file a claim against that third party in this case. […]
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