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