Meaning And Definition Of Insurance
Insurance is designed to.
Meaning and definition of insurance. An entity which provides insurance is known as an insurer insurance company insurance carrier or underwriter a person or entity who buys insurance is known as an insured or as a policyholder. Risk transfer mechanism that ensures full or partial financial compensation for the loss or damage caused by event s beyond the control of the insured party. The house was a total loss and the insurance company promptly paid us the policy limit.
It is a form of risk management primarily used to hedge against the risk of a contingent or uncertain loss. A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment repair or remediation. Insurance definition the act system or business of insuring property life one s person etc against loss or harm arising in specified contingencies as fire accident death disablement or the like in consideration of a payment proportionate to the risk involved.
Insurance company or the insurer agrees to compensate the loss or damage sustained to another party i e. Insurance is a means of protection from financial loss. Insurance is an arrangement in which you pay money to a company and they pay money to.
Insurance is an arrangement in which you pay money to a company and they pay you if something unpleasant happens to you for example if your property is stolen or damaged or if you get a serious illness. An agreement in which you pay a company money and they pay your costs if you have an accident. Insurance refers to a contractual arrangement in which one party i e.
Insurance definition is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. How to use insurance in a sentence. The insured by paying a definite amount in exchange for an adequate consideration called as premium.
Least expensive alternative treatment leat. Dictionary term of the day articles subjects businessdictionary business dictionary dictionary toggle navigation.
- Los Angeles Lakers Store Staples Center
- Los Angeles Lakers Nike Hat
- Los Angeles Lakers Radio Station
- Los Angeles Lakers Stadium Capacity
- Los Angeles Lakers Salary Cap 2021
- Los Angeles Lakers Retired Players
- Los Angeles Lakers Store In La
- Los Angeles Lakers Snapback Hat
- Los Angeles Lakers Santa Hat
- Los Angeles Lakers Salary Espn
- Los Angeles Lakers Recent Game
- Los Angeles Lakers Score 2019
- Los Angeles Lakers Portland Trail Blazers Box Score
- Los Angeles Lakers Playoff Record 2020
- Los Angeles Lakers Store La
- Los Angeles Lakers Record In The Bubble
- Los Angeles Lakers Portland Trail Blazers Score
- Los Angeles Lakers Roster Breakdown
- Los Angeles Lakers Restart Schedule
- Los Angeles Lakers Road Schedule