Insurance Definition Word : Tomorrow's world: BMW unveil next gen electric scooter ... : An agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen. Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. c or u insurance an agreement in which you pay a company money, either in one payment or in regular payments, and they pay your costs, for example, if you lose or damage something, or have an accident, injury, etc.: People who buy insurance pay a premium (often paid every month) and promise to be careful (a duty of care). The act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, in return for payment. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.
These definitions represent a common or general insurance and/or legal use of the term. Car / holiday / home / health, etc. Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage. 1 an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. In simple words, insurance is a risk transfer mechanism, where you transfer your risk to the insurance company and get the cover for financial loss that you may face due to unforeseen events.
A program offered by a health insurance company to manage the costs of policyholders' chronic health conditions. 'many new borrowers take out insurance against unemployment or sickness'. Coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract. Accelerated death benefits a life insurance policy option that provides policy proceeds to insured individuals over. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. And the amount that you pay for this arrangement is called premium. The definition of insurance is protection against something going wrong. These definitions represent a common or general insurance and/or legal use of the term.
'many new borrowers take out insurance against unemployment or sickness'.
Insurance carrier pays all covered expenses, often up to a lifetime maximum. Insurance terms & definitions get explanations for commonly used insurance jargon selecting an item from the list moves focus to the definition of that item lower in the page. The definition of insurance is protection against something going wrong. In an msa, employers and individuals are allowed to contribute to a Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. Find 16 ways to say insurance, along with antonyms, related words, and example sentences at thesaurus.com, the world's most trusted free thesaurus. Insurance is an arrangement in which you pay money to a company, and they pay money to you if something unpleasant happens to you, for example if your property is stolen or damaged, or if you get a serious illness. 'many new borrowers take out insurance against unemployment or sickness'. Insurance that protects the dwelling and personal property of the policyholder and covers the homeowner's personal liability for covered injuries or damage to others. 1 an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. International risk management institute, inc. Insurance an insurance plan / policy
Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies. Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. These definitions represent a common or general insurance and/or legal use of the term. An agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen Health insurance in which an insurer requires the insured to pay a fixed percentage of the cost of medical expenses after the deductible has been paid and with the insurer to pay the remaining expenses coinsurance is not a new idea—americans who grew up in the era before managed care will remember their parents paying 20% of the costs of office visits, tests, and prescriptions.
When you pay premiums in exchange for a policy that pays out when you crash your car in a car accident, this is an example of an auto insurance policy. A program offered by a health insurance company to manage the costs of policyholders' chronic health conditions. Insurance that protects the dwelling and personal property of the policyholder and covers the homeowner's personal liability for covered injuries or damage to others. Disease management programs can help control health. Insurance terms & definitions get explanations for commonly used insurance jargon selecting an item from the list moves focus to the definition of that item lower in the page. Some words and phrases may be defined differently by other individuals or organizations. Insurance is an arrangement in which you pay money to a company, and they pay money to you if something unpleasant happens to you, for example if your property is stolen or damaged, or if you get a serious illness. It is something people buy to protect themselves from losing money.
An agreement in which you pay a company money and they pay your costs if you have an accident….
Insurance is a contract where you pay a little money at a time so you can be compensated later, especially in the case of a disaster. Insurance that protects the dwelling and personal property of the policyholder and covers the homeowner's personal liability for covered injuries or damage to others. An agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen Find 16 ways to say insurance, along with antonyms, related words, and example sentences at thesaurus.com, the world's most trusted free thesaurus. Insurance terms & definitions get explanations for commonly used insurance jargon selecting an item from the list moves focus to the definition of that item lower in the page. In simple words, insurance is a risk transfer mechanism, where you transfer your risk to the insurance company and get the cover for financial loss that you may face due to unforeseen events. Insurance an insurance plan / policy In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. These definitions represent a common or general insurance and/or legal use of the term. When you pay premiums in exchange for a policy that pays out when you crash your car in a car accident, this is an example of an auto insurance policy. c or u insurance an agreement in which you pay a company money, either in one payment or in regular payments, and they pay your costs, for example, if you lose or damage something, or have an accident, injury, etc.: Car / holiday / home / health, etc. People who buy insurance pay a premium (often paid every month) and promise to be careful (a duty of care).
Disease management programs can help control health. 1 an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium. When you pay premiums in exchange for a policy that pays out when you crash your car in a car accident, this is an example of an auto insurance policy. International risk management institute, inc. The act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, in return for payment.
A program offered by a health insurance company to manage the costs of policyholders' chronic health conditions. 'many new borrowers take out insurance against unemployment or sickness'. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. And the amount that you pay for this arrangement is called premium. In simple words, insurance is a risk transfer mechanism, where you transfer your risk to the insurance company and get the cover for financial loss that you may face due to unforeseen events. An agreement in which you pay a company money and they pay your costs if you have an accident…. Insurance carrier pays all covered expenses, often up to a lifetime maximum. Our insurance terms glossary is divided alphabetically by insurance terms in a quick reference guide to assist understanding the language commonly used by insurance companies.
Find 16 ways to say insurance, along with antonyms, related words, and example sentences at thesaurus.com, the world's most trusted free thesaurus.
The definition of insurance is protection against something going wrong. In simple words, insurance is a risk transfer mechanism, where you transfer your risk to the insurance company and get the cover for financial loss that you may face due to unforeseen events. Accelerated death benefits a life insurance policy option that provides policy proceeds to insured individuals over. Car / holiday / home / health, etc. Insurance law and legal definition insurance is a contract, called an insurance policy, in which the insurer, agrees to pay the insured party all or a portion of any loss suffered by accident or death for a fee called an insurance premium. Insurance definitions, dictionary, glossary and terms. Some words and phrases may be defined differently by other individuals or organizations. 'many new borrowers take out insurance against unemployment or sickness'. An agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen People who buy insurance pay a premium (often paid every month) and promise to be careful (a duty of care). Insurance is an arrangement in which you pay money to a company, and they pay money to you if something unpleasant happens to you, for example if your property is stolen or damaged, or if you get a serious illness. The act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, in return for payment. Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.