Guaranteed Cost Insurance

Guaranteed Cost Insurance,

What Does Guaranteed Cost Insurance Mean?

  • The definition of Guaranteed Cost Insurance is: Any insurance that pays a fixed premium (or a fixed fee based on exposure) during the term of the policy insured, regardless of the amount and amount of losses incurred during the term of the policy نظر۔ This is different from loss plan insurance, where the final premium is based on the actual losses during the plan's validity period.

Literal Meanings of Guaranteed Cost Insurance

Guaranteed:

Meanings of Guaranteed:
  1. For this reason, an officially insured warranty is issued.

Cost:

Meanings of Cost:
  1. Payment (a fixed amount of money) is required before buying or executing (goods or shares).

Synonyms of Cost

come to, put a figure on, fare, value, tariff, selling price, hire charge, charge, be priced at, toll, price, be valued at, fee, asking price, rental, put a price on, be, put a value on, fetch, market price, amount to, levy, estimate the price of, sell for, estimate the cost of, evaluate

Insurance:

Meanings of Insurance:
  1. An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in exchange for a premium.

Sentences of Insurance
  1. Maintaining a high standard of personal conduct is an excellent guarantee against personal problems.

Synonyms of Insurance

safeguard, immunity, provision, indemnification, safety measure, indemnity, surety, protection, cover, security, shelter, financial protection, preventive measure, defence, precaution

Guaranteed Cost Insurance,

Guaranteed Cost Insurance:

  • Any insurance where the policyholder pays a fixed premium (or a fixed rate of interest based on risk) during the term of the contract, regardless of the amount and losses incurred during the term of the contract. This is different from loss-sensitive project coverage, where the final premium depends on the actual losses of the project's life.

Literal Meanings of Guaranteed Cost Insurance

Guaranteed:

Meanings of Guaranteed:
  1. For which insured coverage is formally provided.

  2. Provide a formal warranty, including satisfaction with certain terms related to a product, service or transaction.

  3. I promise for sure.

Sentences of Guaranteed
  1. The guaranteed bonus is not too much.

  2. The company guarantees your money back.

  3. No one can guarantee profit from stocks and shares.

Synonyms of Guaranteed

give one's word, give an undertaking, swear an oath, swear to the fact, give assurances, pledge, promise, vow, give a pledge, swear, take an oath, plight, give an assurance, undertake

Cost:

Meanings of Cost:
  1. Payment (amount of money) of (an item or action) is required before it is received or performed.

  2. Appreciate the price.

  3. The amount that is paid or spent to buy or receive something.

Sentences of Cost
  1. We can cover the cost of the event.

Synonyms of Cost

damage, face value, valuation, worth, rate, knock someone back, quotation, set someone back, go for

Insurance:

Meanings of Insurance:
  1. An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.

Sentences of Insurance
  1. Many new borrowers buy unemployment insurance or health insurance.

  2. Jacket hanging behind the seat, protected against air conditioning.

Synonyms of Insurance

assurance, backstop, warranty, guarantee, (financial) protection

Guaranteed Cost Insurance,

What is The Definition of Guaranteed Cost Insurance?

  1. Guaranteed Cost Insurance definition is: Any insurance where the policyholder pays a fixed premium (or risk-based interest rate) during the term of the contract, regardless of the amount and loss incurred during the term of the contract. This is different from loss-sensitive plan coverage, where the final premium depends on the actual losses incurred over the life of the plan.

Literal Meanings of Guaranteed Cost Insurance

Cost:

Meanings of Cost:
  1. Payment (amount of money) is required before receiving or performing (something or action).

Insurance:

Meanings of Insurance:
  1. An agreement in which the company or state guarantees compensation for certain losses, injuries, illnesses or deaths in exchange for certain premiums.

  2. Something that protects against possible accidents.

Sentences of Insurance
  1. The jacket, which hangs from the back of the chair, is protected from enemas in the air conditioning.