About The Word Insurance
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Learn about the word Insurance to help solve your crossword puzzle. Discover Insurance definitions and meaning, origins, synonyms, related terms and more at the free Crossword Dictionary.
Insurance
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Insurance Definition And Meaning |
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What's The Definition Of Insurance?
[n] written contract or certificate of insurance; "you should have read the small print on your policy"
[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] protection against future loss Synonyms | Synonyms for Insurance: coverage | indemnity | insurance policy | policy Related Terms | Find terms related to Insurance: 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 See Also | assurance | automobile insurance | car insurance | coinsurance | contract | fire insurance | floater | floating policy | health insurance | life assurance | life insurance | protection | protection | reinsurance | security | self-insurance | shelter Insurance In Webster's Dictionary \In*sur"ance\, n. [From {Insure}.]
1. The act of insuring, or assuring, against loss or damage
by a contingent event; a contract whereby, for a
stipulated consideration, called premium, one party
undertakes to indemnify or guarantee another against loss
by certain specified risks. Cf. {Assurance}, n., 6.
Note: The person who undertakes to pay in case of loss is
termed the insurer; the danger against which he
undertakes, the risk; the person protected, the
insured; the sum which he pays for the protection, the
premium; and the contract itself, when reduced to form,
the policy. --Johnson's Cyc.
2. The premium paid for insuring property or life.
3. The sum for which life or property is insured.
4. A guaranty, security, or pledge; assurance. [Obs.]
The most acceptable insurance of the divine
protection. --Mickle.
{Accident insurance}, insurance against pecuniary loss by
reason of accident to the person.
{Endowment insurance} or {assurance}, a combination of life
insurance and investment such that if the person upon
whose life a risk is taken dies before a certain specified
time the insurance becomes due at once, and if he
survives, it becomes due at the time specified.
{Fire insurance}. See under {Fire}.
{Insurance broker}, a broker or agent who effects insurance.
{Insurance company}, a company or corporation whose business
it is to insure against loss, damage, or death.
{Insurance policy}, a certificate of insurance; the document
containing the contract made by an insurance company with
a person whose property or life is insured.
{Life insurance}. See under {Life}.
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