Insurance

Insurance,

Definition of Insurance:

  1. A practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.

  2. A thing providing protection against a possible eventuality.

  3. 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. Under an insurance contract, a party (the insurer) indemnifies the other party (the insured) against a specified amount of loss, occurring from specified eventualities within a specified period, provided a fee called premium is paid. In general insurance, compensation is normally proportionate to the loss incurred, whereas in life insurance usually a fixed sum is paid. Some types of insurance (such as product liability insurance) are an essential component of risk management, and are mandatory in several countries. Insurance, however, provides protection only against tangible losses. It cannot ensure continuity of business, market share, or customer confidence, and cannot provide knowledge, skills, or resources to resume the operations after a disaster.

Synonyms of Insurance

Assurance, Indemnity, Indemnification, Protection, Financial protection, Security, Surety, Cover, Accident insurance, Actuary, Annuity, Assurance, Aviation insurance, Bail bond, Bond, Business life insurance, Casualty insurance, Certificate of insurance, Court bond, Cover, Credit insurance, Credit life insurance, Deductible, Endowment insurance, Family maintenance policy, Fidelity bond, Fidelity insurance, Flood insurance, Forearming, Forehandedness, Foresight, Foresightedness, Forethought, Forethoughtfulness, Fraternal insurance, Government insurance, Guarantee, Guaranty, Health insurance, Indemnification, Indemnity, Industrial life insurance, Insurance agent, Insurance broker, Insurance company, Insurance man, Insurance policy, Interinsurance, Liability insurance, License bond, Limited payment insurance, Major medical insurance, Malpractice insurance, Marine insurance, Measures, Mutual company, Ocean marine insurance, Permit bond, Policy, Precaution, Precautions, Precautiousness, Preventive measure, Protection, Providence, Provision, Robbery insurance, Safeguard, Security, Social security, Steps, Steps and measures, Stock company, Stocks and bonds, Surety, Term insurance, Theft insurance, Tie, Underwriter, Warrant, Warranty, Protection, Defence, Safeguard, Safety measure, Shelter, Security, Precaution, Provision, Preventive measure, Immunity

How to use Insurance in a sentence?

  1. Adherence to high personal standards of conduct is excellent insurance against personal problems.
  2. Many new borrowers take out insurance against unemployment or sickness.
  3. Bob seemed to think his expensive new auto insurance policy was an excuse to drive recklessly and risk an accident, but he was clearly headed for trouble.
  4. When the tornado destroyed our house, the insurance that we had purchased enabled us to rebuild immediately, as well as provided us with temporary housing assistance.
  5. It is good to have insurance against some of the bigger problems your business could face to avoid total disaster if they arise.

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Insurance,

Insurance means,

  • Insurance refers to A contractual relationship that occurs when one party (insurer) promises to compensate the other party (insured) for the loss of a particular item (loss) on behalf of the counterpart (premium). Or damage). The term insurance, used in the UK, is synonymous with insurance.

  • Insurance means, Insurance is a financial arrangement in which one party pays the other to protect it from certain losses. Insurers receive small payments from a large group of consumers each month. This payment is known as insurance premium. They use statistical analysis to determine your potential losses and to determine the premium level to maintain profits and cover losses. When the insured faces a claim, the insurer pays the money collected from all its customers.

  • The definition of Insurance is: Insurance is a contract represented by a policy under which an individual or legal entity obtains financial compensation or compensation from an insurance company. The company runs the risk of making payments more affordable for policyholders.

    • Insurance is a contract (policy) under which one insurer compensates another insurer for losses due to certain emergencies or risks.
    • There are many types of insurance contracts. Life, health, car and car insurance are the most common types of insurance.
    • The main components of most insurance are deductions, policy limits and premiums.

  • A system to make large financial losses more affordable by taking risks from many individuals and companies and transferring them to an insurance company or other large group at a premium.

  • Insurance is a financial product sold by insurance companies to protect individuals, their homes and / or their property from the risk of loss, damage or theft (such as trauma, theft or accidents). When you take out a policy, you regularly pay premiums to the insurer. In the event of a claim, your insurance company will cover the losses under the policy.

Synonyms of Insurance

(financial) protection, backstop

Insurance,

What is The Meaning of Insurance?

  1. Insurance refers to A contractual relationship that occurs when one party (insurer), on behalf of the counter party (premium), promises to compensate the other party (policyholder) for the loss of a particular item (risk) (risk or Damaged). The term insurance, used in the UK, is synonymous with insurance.

  2. Insurance is an agreement represented by a policy under which an individual or legal entity obtains financial protection from an insurance company or compensates for a claim. The company runs the risk of making payments more affordable for policyholders.

    • Insurance is a contract (policy) under which one insurer compensates another insurer for losses incurred as a result of certain emergencies or risks.
    • There are different types of insurance contracts. Life, health, car and car insurance are the most common types of insurance.
    • The main components of most insurance are deductions, policy limits and premiums.

  3. A system to make large financial losses more affordable by taking the risk of many individuals and companies and transferring it to an insurance company or other large group at a premium.

  4. Insurance is a financial product that is sold by insurance companies to protect individuals, their homes and / or their property from the risk of loss, damage or theft (such as trauma, theft or accidents). When you take out a policy, you regularly pay premiums to the insurer. In the event of a claim, your insurer will cover the loss under the policy.

  5. Transfer of risk from client to insurance company. Insurance is defined as risk transfer only.

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 hanging from the back of the chair is protected from enemas in the air conditioning.

Insurance,

What Does Insurance Mean?

You can define Insurance as, Insurance is a system in which a group of people with an equal chance of loss transfer the risk of loss to an insurer who is at risk for many people. In return for paying the premium, the insurer agrees to pay the person the damages covered.

1) An agreement under which an individual can be compensated in full or in part with a premium to the insurance company in case of a claim. These losses must be measurable in cash. 2) The cooperation of several people to reduce or eliminate the financial losses of this person, fulfilling the direct partnership when they have suffered from this person. Pre-agreed risks are common to all taxpayers. Editor's note: As you can see above, insurance is almost the opposite of gambling: the player bets with p and money n (voluntarily harms himself). The insured, on the other hand, pays a fee (subject to accidental loss) premium to reduce or eliminate the risk.

The definition of Insurance is: An agreement that guarantees that individuals, legal entities and other companies or entities will be compensated for damages arising out of certain risks, subject to certain conditions.

A risk management plan that, on the one hand, allows the insurer to participate in the cost of any financial loss through the insurer.

Insurance,

What Does Insurance Mean?

Insurance

A service that provides financial compensation for an event that may or may not occur. The term insurance was originally used to refer to life insurance, but the two terms are now interchangeable.

A form of risk management that primarily works to protect risk from potential and uncertain losses.

A formal way to reduce social risk by transferring risk from one individual insurer to another. The insurer promises to record the loss to the insured against a certain amount of payment.

A risk management plan that, on the one hand, allows the insurer to cover the cost of the final financial loss through the insurer.

Insurance helps to handle the risk if problems arise with you or your property and helps you recover from financial difficulties and unforeseen events that may result in personal injury and / or financial loss. Cause damage. The person who buys the policy is called the policyholder or policyholder. In return, the policy issuing insurer promises to compensate for any loss or damage stated in the policy in certain circumstances.