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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Philadelphia Brain Injury Lawyer
Why You Need a Philadelphia Brain Injury Attorney
Suffering a brain injury can drastically alter your life, creating physical, emotional, and financial challenges. Whether your traumatic brain injury (TBI) is mild, moderate, or severe, you deserve compassionate and experienced legal support. At Munley Law, our dedicated Philadelphia brain injury attorneys can assist you to secure compensation to cover medical expenses, lost wages, and ongoing care.
Brain trauma has unpredictable outcomes, requiring specialized expertise to navigate complex insurance claims and medical evidence. Our attorneys understand these challenges, negotiate with insurance companies, gather critical evidence, and protect your legal rights. Trust our skilled legal advocates to hold negligent parties accountable.
Contact our Philadelphia brain injury law firm today for a free consultation.
Understanding Traumatic Brain Injury: Symptoms and Severity
Traumatic brain injuries (TBIs) occur when an external force, […]
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Williamsport Tractor Trailer Accident Lawyer
In the aftermath of a tractor trailer accident in Williamsport, having a skilled and experienced lawyer on your side is a game changer. A Williamsport tractor trailer accident lawyer is someone who specializes in helping individuals who have been involved in such accidents. They understand the complexities of these cases and can provide expert guidance and representation throughout the legal process.
If you’ve been affected by a tractor trailer accident in Williamsport, contacting a knowledgeable Williamsport tractor trailer accident lawyer at Munley Law can help you get your life back on track.
How Dangerous Are Tractor Trailer Accidents?
Tractor trailer accidents pose significant dangers on the road due to various factors. Firstly, the size and weight disparity between a tractor trailer and a passenger vehicle can lead to devastating consequences in a collision. The sheer mass of a tractor trailer can result in catastrophic injuries for occupants of smaller vehicles involved in the accident. […]
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Williamsport Semi Truck Accident Lawyer
In a world where highways stretch across our landscapes, linking communities and commerce, it’s not uncommon to encounter the mammoth presence of semi-trucks. These behemoths of the road carry vital goods across vast distances, keeping our communities connected. Yet, with their sheer size and weight, accidents involving semi-trucks can be devastating, leaving victims grappling with immense physical, emotional, and financial burdens.
This is where the expertise of a Williamsport semi truck accident lawyer becomes invaluable. Amid chaos and uncertainty following a collision, having a legal ally who understands the intricacies of such cases can make all the difference. With a blend of professionalism, approachability, and unwavering dedication, these legal professionals are ready to guide you through the complexities of the legal process with compassion and expertise.
What Can a Semi Truck Accident Attorney Do?
A semi-truck accident lawyer supports you when you’ve collided with one of these massive vehicles. […]
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How Does a Williamsport Truck Accident Lawyer Investigate Your Trucking Accident?
Investigating truck accidents is far from a simple process. These inquiries require a deep grasp of commercial trucking operations, federal regulations, and local laws. One of the things that separates truck accidents from other motor vehicle collisions is the matter of liability or who is responsible for the incident. In a truck accident, liability can extend to various parties, including the truck driver, the trucking company, vendors, or even cargo loaders. To determine who is responsible for your accident, an experienced Williamsport truck accident lawyer will be needed to investigate the crash.
What Are the Causes of Most Truck Accidents in Williamsport?
The causes of most truck accidents in Williamsport can vary, but some of the most common factors include:
Driver Error
Driver error includes a range of behaviors such as speeding, distracted driving, driver fatigue, or driving under the influence of drugs or alcohol. […]
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What Should You Do After a Hit and Run Car Accident in Williamsport, PA?
Each year, thousands of drivers find themselves victim to a hit and run car accident on the roadways or in a parking lot. When the initial shock ends, victims are left in battles with the insurance company, mounting medical expenses, and property damage. Knowing what to do after a hit and run car accident in Williamsport can be critical to the success of your personal injury claim.
A Williamsport car accident lawyer at Munley Law can guide you through the next steps if you were involved in a hit and run accident.
What is a Hit and Run Car Accident?
A hit and run accident is a collision involving a car, pedestrian, or piece of property where one driver flees the scene, leaving the victim without information to contact them for the next steps. Hit and run accidents differ from other automobile accidents because the victim must utilize their auto insurance alone to recoup damages. […]
