n. a contract (insurance policy) in which the insurer (insurance ...

Guarding against property loss or damage by making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.

A contractual relationship that exists when one party (the insurer) for a consideration (the premium) agrees to reimburse another party (the insured) for loss to a specified subject (the risk) cause [..]

1550s, "engagement to marry," a variant of ensurance "an assurance, pledge, guarantee," from Old French enseurance "assurance," from ensurer, from en- "make" (s [..]

Insurance helps you to manage a risk if something happens to you or your property and helps you recover from the difficulties and financial hardship caused by unexpected events that cause injury and/o [..]

A contract between an insurance company and a person or group which provides for a money payment in case of covered loss, accident or death.

A system of protection against loss under which a number of parties agree to pay certain sums (premiums) for a guarantee that they will be compensated under certain conditions for specified loss and d [..]

money paid in good health to guarantee financial or physical health if injury or damage occurs.

A financial arrangement to reduce risk. The purchaser of insurance pays a fixed amount, in return for which the seller agrees to pay some larger amount if an unlikely adverse event occurs.

A contract by which a person or company can, upon payment of a premium, be indemnified against loss due to specified risks [D02869]

A contract under which the insurer agrees to compensate the insured party for losses specified in the contract (e.g. theft, freight loss).  Insurance is a form of risk management, as risk is transferr [..]

Transferring risk to others. The need for insurance occurs because people tend to be risk averse in many circumstances. As such, most of us are willing to pay for certainty. Those who satisfy this nee [..]

A contract in which the insured pays a fee to the insurance company, and in exchange, the insurance company agrees to pay the beneficiary of the policy a given amount if specific events occur. For exa [..]

what homeowners need when their homes have been constructed on slipping hillsides, canyon floors, eroding coastlines, floodplains, and swathes of chaparral by developers working in complete disregard of the forces and cycles of nature.

promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company policy: written contract or certificate of [..]

(See Armour, as insurance

A contract to provide coverage or protection in exchange for a payment or "premium." Examples of insurance protection include liability, property, business interruption, life, disability, et [..]

Definition A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or oth [..]

A means of providing or purchasing protection against some of the economic consequences of loss. Risk of loss is transferred to a third party in exchange for a 'consideration' or premium. Th [..]

is a way to secure an asset, idea, person or virtually anything that has worth, which is at risk of damage and loss in value. It works on the promise that the issuer of the insurance will pay the insu [..]

1 : the action, process, or means of insuring or the state of being insured usually against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a : the business of ...

System whereby individuals and companies that are concerned about potential hazards pay premiums to an insurance company, which reimburses them in the event of loss.

This type of insurance offers the shipper the broadest coverage available, covering against all losses that may occur in transit.

an economic device transferring risk from an individual to a company and reducing the uncertainty of risk via pooling.

insurance is a type of plan that can help protect you from an event in life that costs a large amount of money.  A policy will pay you money to cover the cost of these events. See auto insurance, disa [..]

This type of insurance offers the shipper the broadest coverage available, covering against all losses that may occur in transit.

In water transportation, the deliberate sacrifice of cargo to make the vessel safe for the remaining cargo. Those sharing in the spared cargo proportionately cover the loss.

A Marine insurance term to refer to partial loss on an individual shipment from one of the perils insured against, regardless of the balance of the cargo. Particular_average insurance can usually be o [..]

A system of protection against loss under which a number of parties agree to pay certain sums (premiums) for a guarantee that they will be compensated under certain conditions for specified loss and d [..]

Insurance to protect the homeowner and the lender against physical damage to a property from sources such as but not limited to fire, wind, or vandalism. See also Property Insurance

Municipal bond insurance companies guarantee timely payment of principal and/or interest on municipal and certain other types of bonds in the event of a default. The major insurers are identified by these symbols: ACA = American Capital Access; AMBAC = AMBAC Indemnity Corp.; CapMAC = Capital Markets Assurance Corp.; CL= Connie Lee; FGIC = Financial [..]

An arrangement in which an insured passes risk and obligations to an insurer for the payment of a premium.

A practice or arrangement whereby a company provides a guarantee of compensation for specified forms of loss, damage, injury or death. People obtain such guarantees by buying insurance policies, for which they pay premiums. The process allows for the spreading out of risk over a pool of insurance policyholders, with the expectation that only a few [..]

An agreement under which individuals, businesses, and other organisations, in exchange for payment of a sum of money (a premium), are guaranteed indemnity for losses resulting from certa [..]

Pooling of risks and many individuals and business entities and transforming them to an insurer/insurance company or a large group in return for payment of a premium.

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 prem [..]

A contract that pays you a lump sum in case of a specific adverse event against which you insure yourself.

As a part of PITI, the amount of the monthly mortgage payment that does not include the principal, interest, and taxes. Also see: homeowners insurance.

Insurance provides financial compensation for loss; in exchange for periodic payments the insurer guarantees the insured a sum of money upon the occurrence of an adverse specific event.

The cost of a contract to reimburse for property or business loss caused by events over which the insured entity has little or no control.

Buying insurance involves paying regular payments to an insurance company so that in the event of an accident or loss, the costs incurred by the event will be paid for by the insurance company.

Monetary protection extended to a person or entity by an insurance company. Leases typically require greater levels of insurance than what is required when purchasing a vehicle.

All lenders require the lessee / borrower to insure the equipment against casualty loss, all risk and damages, and require that the lessee / borrower indemnify the lessor / lender against any liabilit [..]

Proof of Insurance is required from any vendor who comes on campus to provide a service.

Type of guarantee in which any agency pledges the use of accumulated insurance premiums to offset the cost of default on the part of borrowers. "Loan insurance" is considered the equivalent of a "loan guarantee.".

A financial arrangement in which an insurer agrees to pay out an amount in the event that certain losses occur. You pay a regular amount for this insurance cover.

(n) promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company(n) written contract or certificate of i [..]

One of the only ways to administer socialism to a capitalist, often by concealing it in piece of cheese or a hot dog.

An employer provided or personally purchased insurance policy that provides coverage for health care services. Deductibles, coinsurance, out-of-pocket limits and types of coverage vary.

A process whereby someone with a risk of something happening to their financial detriment (the assured) pays someone else (an underwriter) a fee (premium) to bear that risk on their behalf.

A contract whereby the insurer undertakes to reimburse the policyholder in the event of a specified contingency or peril, against the payment of a premium. See also export credit insurance and Export [..]

Insurance expense. Worksheet A-7. Sourced from CMS HCRIS database.

A contract by which one undertakes to indemnify another or to pay a specified amount upon determinable contingencies.

Insurance is a system in which groups of people who have similar chances of suffering a loss transfer their risk of loss to an insurer who pools the risk of many people together. In exchange for payme [..]

A contract binding a company to indemnify an insured party against a specified loss or damage.  Motor carriers purchase many types of insurance, including cargo insurance, property damage insurance, p [..]

Provides consumer protection through education and fair but vigilant regulation while promoting a stable and competitive environment for insurers.

An agreement for an organisation to provide financial compensation should a vehicle be stolen, damaged or involved in a collision. Payments can be made to the vehicle’s owner (policy holder) or any th [..]

In Texas, all drivers are required to carry minimum amounts of insurance based on the state’s financial responsibility law. Insurance is an arrangement by which a company provides a guarantee of compe [..]

Leases require huge insurance coverage: bodily injury or death liability: $100,000 per person / $300,000 per occurrence, property damage liability: $50,000, comprehensive & collision for full vehi [..]

 Insurance is a system in which groups of people who have similar chances of suffering a loss transfer their risk of loss to an insurer who pools the risk of many people together. In exchange for paym [..]

n. seguro

This is often required to protect students against emergency health-care or hospitalization expenses. Even when the college does not require health insurance, the costs of medical care in the United States are now so high that no student from abroad should be without such insurance. Generally, each college provides information regarding insurance p [..]

Municipal bond insurance companies guarantee timely payment of principal and/or interest on municipal and certain other types of bonds in the event of a default. The major insurers are identified by t [..]

Insurance is a system in which groups of people (such as automobile owners) who have similar chances of suffering a loss transfer their risk of loss to an insurer who pools the risk of many drivers together. The insurance company promises to reimburse the person for their covered losses in exchange for payment of the premium.

An insurance policy is a contract between a party at risk and an insurer. The insurer agrees to bear all or part of the specified risks in exchange for a payment known as the insurance ‘premium’. Some [..]

Car Insurance

A contract in which one party agrees to pay for another party's financial loss resulting from a specified event (for example, a collision, theft, or storm damage). Lease agreements generally require that you maintain vehicle collision and comprehensive insurance as well as liability insurance for bodily injury and property damage.

A legal agreement with an insurance company that provides for reimbursement in the case of damage or theft to collateral. Wells Fargo Dealer Services requires you to maintain insurance on the vehicle [..]

A system under which individuals, businesses and other organizations or entities, in exchange for a payment of a sum of money (a premium), are guaranteed compensation for losses resulting from certain perils under specified conditions.

A formal social device for reducing risk by transferring the risks of several individual entities to an insurer. The insurer agrees, for a consideration, to pay for the loss in the amount specified in the contract.

A contract in which one party agrees to pay for another party's financial loss resulting from a specified event (for example, a collision, theft, or storm damage). Lease agreements generally require that you maintain vehicle collision and comprehensive insurance as well as liability insurance for bodily injury and property damage.

involves the payment of money (a premium) to cover loss or damage to specified items that may occur in certain circumstances.

Coverage by Contract whereby one part indemnifies or guarantees another against loss by a specified contingency.

Insurance providing coverage for physical injury suffered as a result of unavoidable circumstances.

Insurance providing coverage for Dental Care.

Insurance designed to compensate Persons who lose wages because of illness or injury; Insurance providing periodic payments that partially replace lost wages, salary, or other Income when the insured [..]

Insurance providing coverage of medical, surgical, or Hospital care in general or for which there is no specific heading.

Payment by a third-party payer in a sum equal to the amount expended by a Health Care Provider or facility for Health Services rendered to an insured or program beneficiary. (From Facts on File Dictio [..]

Health Insurance providing benefits to cover or partly cover Hospital expenses.

Insurance against loss resulting from liability for injury or damage to the Persons or property of others.

Insurance providing for payment of a stipulated sum to a designated beneficiary upon Death of the insured.

Health Insurance to provide full or partial coverage for long-term Home Care Services or for long-term Nursing Care provided in a Residential Facility such as a Nursing Home.

Insurance providing a broad range of medical services and supplies, when prescribed by a Physician, whether or not the Patient is hospitalized. It frequently is an extension of a basic Policy and bene [..]

A supplemental Health Insurance Policy sold by private Insurance companies and designed to pay for Health Care Costs and services that are not paid for either by Medicare alone or by a combination of [..]

Insurance providing benefits for the costs of care provided by Nurses, especially Nurse Practitioners and Nurse Clinicians.

Insurance providing for payment of services rendered by the Pharmacist. Services include the preparation and distribution of medical products.

Insurance providing benefits to cover part or all of the psychiatric care.

Government sponsored social Insurance Programs.

A specific type of Health Insurance which provides surgeons' fees for specified amounts according to the type of Surgery listed in the Policy.

A system of protection against loss under which a number of parties agree to pay certain sums (premiums) for a guarantee that they will be compensated under certain conditions for specified loss and d [..]

A arrangement under which individuals, businesses, and other organizations or entities, in exchange for payment of a premium, are guaranteed compensation for losses resulting from certain perils under [..]

A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for [..]

Coverage by contract whereby one party indemnifies another against a specified type of loss. Back to top

A contract by which one party agrees to indemnify another party against risk of loss, damage or liability arising from the occurrence of some specified contingency.

A mechanism for transferring the risk of financial loss from an individual or entity to an insurance company.

Coverage by contract whereby one part indemnifies or guarantees another against loss by a specified contingency.

Insurance providing coverage for physical injury suffered as a result of unavoidable circumstances.

Insurance providing coverage for dental care.

Insurance designed to compensate persons who lose wages because of illness or injury; insurance providing periodic payments that partially replace lost wages, salary, or other income when the insured [..]

Insurance providing coverage of medical, surgical, or hospital care in general or for which there is no specific heading.

Payment by a third-party payer in a sum equal to the amount expended by a health care provider or facility for health services rendered to an insured or program beneficiary. (From Facts on File Dictio [..]

Health insurance providing benefits to cover or partly cover hospital expenses.

Insurance against loss resulting from liability for injury or damage to the persons or property of others.

Insurance providing for payment of a stipulated sum to a designated beneficiary upon death of the insured.

Health insurance to provide full or partial coverage for long-term home care services or for long-term nursing care provided in a residential facility such as a nursing home.

Insurance providing a broad range of medical services and supplies, when prescribed by a physician, whether or not the patient is hospitalized. It frequently is an extension of a basic policy and bene [..]

A supplemental health insurance policy sold by private insurance companies and designed to pay for health care costs and services that are not paid for either by Medicare alone or by a combination of [..]

Insurance providing benefits for the costs of care provided by nurses, especially nurse practitioners and nurse clinicians.

Insurance providing for payment of services rendered by the pharmacist. Services include the preparation and distribution of medical products.

Insurance providing benefits for the costs of care by a physician which can be comprehensive or limited to surgical expenses or for care provided only in the hospital. It is frequently called "re [..]

Insurance providing benefits to cover part or all of the psychiatric care.

A specific type of health insurance which provides surgeons' fees for specified amounts according to the type of surgery listed in the policy.

An insurance policy or certificate normally covers the shipments of merchandise from the time they leave the warehouse at the shipping point until they reach the destination point named in the policy [..]

This type of insurance offers the shipper the broadest coverage available, covering against all losses that may occur in transit.

See General Average.

A Marine insurance term to refer to partial loss on an individual shipment from one of the perils insured against, regardless of the balance of the cargo (in this way it differs from general-average i [..]

Specified terms of compensation should goods be damaged, lost, destroyed or adversely delayed in transit.

A contract to transfer risk from individuals to an insurance company. In exchange for a premium, the insurance company agrees to pay for losses covered under the terms of the policy.

A contract whereby an insurer promises to pay the insured a sum of money or some benefit upon the happening of one or more uncertain events in exchange for the payment of a premium. There must be certainty as to whether the relevant event (s) may happen at all or if they will occur (e.g. Death) as to their timing.

Insurance is a system in which groups of people who have similar chances of suffering a loss transfer their risk of loss to an insurer who pools the risk of many people together. In exchange for payme [..]

A risk transfer arrangement whereby the responsibility for meeting losses passes from one party (the insured) to another (the insurer) on payment of a premium.

a financial arrangement that redistributes the costs of unexpected losses by transferring the cost of the predicted losses back to the exposures. Legally it is a contractual arrangement whereby one pa [..]

A contract in which the insured is guaranteed reimbursement from the insurer for any loss suffered, subject to the terms of the insurance policy. 

A system that transfers loss to an insurer in exchange for a payment of premium.

Traditional risk-financing tool used to transfer the financial hazard of risk. An insurance policy spells out what is or is not covered caused by all or specific perils (causes of damage or injury). Insurance is also a contract whereby an organization agrees to indemnify another and/or to pay a specified amount for covered losses in exchange for a [..]

A contractual agreement that calls for one party, in exchange for a consideration, to reimburse anther party for certain specified losses. The insurance contract is call a policy. The consideration is [..]

A system under which individuals, businesses and other organizations, in exchange for a premium, are promised payment for losses resulting from certain dangers as specified in a contract.

A device for transferring specified risks of individual persons to an insurer. The insurer agrees, for consideration (usually payment of a premium), to assume, to a specified extent, certain losses th [..]

A contract (policy) whereby, for monetary consideration (premium), one party (the insurer) undertakes to compensate the other (the insured) for loss on a specified subject by specified perils.

A formal social device for reducing risk by transferring the risks of several individual entities to an insurer. The insurer agrees, for a consideration, to pay for the loss in the amount specified in the contract.

A system for reducing risk by transferring the risks of several individual entities to one entity, such as an insurance company. Each individual entity contributes monetarily (premiums) to cover the risk assumed by the insurance company.

a contract where one party (Insurance Co.) for premium agrees to reimburse another party (you/insured) for a loss to a specific subject caused by covered perils.

Insurance is a system

A formal social device for reducing risk by transferring the risks of several individual entities to an insurer. The insurer agrees, for a consideration, to assume to a specified extent the losses suf [..]

Insurance is a mutual fund to which many people contribute to cover themselves from a random, unexpected loss (or/and from any damage which has been previously agreed on)

A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for [..]

A formal social device for reducing risk by transferring the risks of several individual entities to an insurer. The insurer agrees, for a consideration, to assume, to a specified extent, the losses s [..]

Risk management plan that, for a price, offers the insured an opportunity to share the costs of possible financial loss through an insurer.

Life insurance is one way to provide financial security for you, your dependents or business partners. Term Insurance: This is a life insurance pure and simple. You choose the number of years (the ter [..]

A contract under which an insurer agrees to indemnify an insured under certain circumstances, after being paid a premium to do so.

A system for reducing risk by transferring the risks of several individual entities to one entity, such as an insurance company. Each individual entity contributes monetarily (premiums) to cover the r [..]

A promise of compensation for specific potential future loss in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company, or other entity in the case of unexpected loss.

A method of making large financial losses more affordable by pooling monies of these risks together and transferring them to the insurance company. These premium groups then pay the losses out of the pool of monies made up of the premium dollars submitted.

A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for [..]

A formal social device for reducing risk by transferring the risks of several individual entities to an insurer. The insurer agrees, for a consideration, to assume, to a specified extent, the losses s [..]

A device for transferring specified risks of individual persons to an insurer. The insurer agrees, for consideration (usually payment of a premium), to assume, to a specified extent, certain losses th [..]

A mechanism whereby risk of financial loss is transferred from individual, company, organization, or other entity to an insurance company.

A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for [..]

A contract under which an insurer agrees to indemnify an insured under certain circumstances, after being paid a premium to do so.

A contractual agreement where an insurance company assumes the risks outlined in an insurance policy in return for payment of a premium.

A policy with both business interruption and extra expense coverages in a single contract. See Business Income Coverage Form.

Malpractice insurance for physicians and surgeons. See Malpractice.

is a form of organising a centralised fund from decentralised sources. It is aimed at creation of reserves and their usage for covering the expenses emerging in connection with negative results of an [..]

A contract taken out with an insurer to protect against loss from a perceived risk. The person taking out the insurance is called the insured. Payments for the policy are called premiums.

A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for [..]

Insurance is an ancient institution. It is impossible to reflect on evolutionary processes without recognizing the intrinsic role of ...

The making of a legal and enforceable contract between one party (called the insurer or underwriter) with another (called the insured). In consideration of a sum of money (called the premium) paid by [..]

n. a contract (insurance policy) in which the insurer (insurance company) agrees for a fee (insurance premiums) to pay the insured party all or a portion of any loss suffered by accident or death. The [..]

Insurance glossary

when the dealer’s card shows an ace, the player can place an optional bet as insurance

It is a bet which is offered by the dealer to the player in Blackjack when his face up card is an ace. It is up to the player whether the player ants to take insurance or not.

a side bet in Blackjack of up to one half the original bet, that is offered only when the dealer's up-card is an ace. The insurance bet wins double, i.e., 2:1, if the dealer has a natural, but loses if the dealer does not. Also see even money. TOP

A bet in blackjack that pays only if the dealer has a blackjack. The bet costs half the amount of a player's normal bet, and pays out at 2-1; essentially, this allows the player to break even sho [..]

A side bet made in certain casino games, usually optional.

Insurance on a bet should the dealer have a face up card that’s an Ace.

A contractual relationship existing when one party, for financial consideration, agrees to indemnify another party for losses caused by designated perils stated in the contract (insurance policy).

An agreement or contract (commonly called a policy) between t he insured, who pays a premium, and the insurer, who in return promises to compensate the insured if he suffers specified losses.

You should ensure that you have suitable Landlord’s (Buy-to-Let) Insurance to cover both your buildings and any contents, however small in value, in the property. If you intend to let out a property previously occupied by yourself, you must inform your insurers as failure to do so could invalidate your policies.

In Blackjack, a side bet that the dealer has a blackjack, available only when the dealer’s up card is an Ace.

A bet that the player has the option to place in case of the dealer having an Ace as an Up Card. Insurance wins pay 2:1 if the dealer has a blackjack.

If the dealers face up card is an ace all players are offered an insurance bet. This bet is half the player's stake. In the event that the dealer has blackjack this bet will pay at 2 to 1. If the dealer does not have blackjack the bet is lost and the hands play as normal.

Social device for minimizing risk of uncertainty regarding loss by spreading the risk over a large enough number of similar exposures to predict the individual chance of loss.

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The undertaking by one person to indemnify another person against loss or liability for loss in respect of a certain risk or peril to which the object of insurance may be exposed…or to pay a sum of money or other thing of value upon the happening of a certain event.

A contract guaranteeing payment of a sum of money in the event of loss or damage to property or a life. Insurance may also guarantee medical services. Policies are secured by regular payments (premiums) made by the consumer. Related Topics Insurance

The activity of insurance is intended to provide individual institutional units exposed to certain risks with financial protection against the consequences of the occurrence of specified events; it is [..]

A system to make large financial losses more affordable by pooling the risks of many individuals and business entities and transferring them to an insurance company or other large group in return for [..]

As shown on the Payment Cleared Detail Report, represents the insurance amount on the entire invoice. (See Tax)

Insurance is a contract for compensation between an insurance company (the insurer) and the insured party (e.g. the University). If an event specified in the contract occurs and the University suffers [..]

n. a contract (insurance policy) in which the insurer (insurance company) agrees for a fee (insurance premiums) to pay the insured party all or a portion of any loss suffered by accident or death. The [..]

All works are insured by Grisebach door-to-door for a flat rate charge (all further details are regulated in the contract’s Conditions of Delivery).

A contract that provides compensation for specific losses in exchange for a periodic payment. An individual contract is known as an insurance policy, and the periodic payment is known as an insurance premium.

A contract of indemnity against specified perils.

Every situation involving property insurance has unique considerations. Surveyors are aware of insurance liabilities for their clients, and can advise on the most appropriate insurance to meet regulat [..]

A contract between a company and an individual that guarantees a payment in the case of covered loss, accidents or death.

Guarding against property loss or damage by making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss.

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance [..]

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance [..]

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance [..]

The Insurance functional constituency (Chinese: 保險界功能界別) is a functional constituency in the elections for the Legislative Council of Hong Kong first created in 1998. The constituency is restricted to [..]