Insurance Definition–noun | 1. | the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved. |
| 2. | coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract. |
| 3. | the contract itself, set forth in a written or printed agreement or policy. |
| 4. | the amount for which anything is insured. |
| 6. | any means of guaranteeing against loss or harm: Taking vitamin C is viewed as an insurance against catching colds. |
–adjective | 7. | of or pertaining to a score that increases a team's lead and insures that the lead will be held if the opposing team should score once more: The home run gave the team an insurance run, making the score 7-5. |
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From Dictionary
Related topics from Britannicainsurance
Homeowner's insurance covers individual, or nonbusiness, property. Introduced in 1958, it gradually replaced the older method of insuring individual property under the "standard fire policy."Business and Industry Review
Land, sea, and air disasters shook the insurance world in 1994. The year started badly with a severe earthquake in California and widespread winter storm damage on the East Coast. Later, tragic ...
Business and Industry Review
As the fourth consecutive year of record numbers of mergers and acquisitions in the insurance business, 1998 was most notable as the year of especially large-scale mergers in worldwide private ...
insurance
Theft generally covers all acts of stealing. There are three major types of insurance contracts for burglary, robbery, and other theft. Burglary is defined to mean the unlawful taking of property ...
insurance
The most common form of personal liability insurance is issued as part of the homeowner's liability insurance policy. It is an all-risk agreement and contains relatively few exclusions. The policy ...
insurance
Two main types of contracts-homeowner's and commercial-have been developed to insure against loss from accidental destruction of property. These contracts (or forms) typically are divided into three ...
insurance
In homeowner's policies, of which there are several types, coverage can be "all risk" or "named peril." All-risk policies offer insurance on any peril except those later excluded in the policy. The ...
insurance
Recovery under homeowner's forms is limited to loss due directly to the occurrence of an insured peril. Losses caused by some intervening source not insured by the policy are not covered. For ...
insurance
Practically all liability insurance policies contain limitations on the maximum amount of a judgment payable under the contract. Further, the cost of defense, supplementary payments, and punitive ...
insurance
Homeowner's policies may include the following conditions: (1) Owners are required to give immediate written notice of loss to the insurer or the insurer's agent. (2) The insured must provide proof ...
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Related topics from Ask NewsA.M. Best Offers Helpful Insight into How Safe Your Insurance ...
Flood insurance extension expected
NOLA Live - Found Sep. 24, 2008
Flood Insurance Program through April, leaving the next Congress to decide whether to add wind coverage or increase rates for homeowners with...
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Too Soon To Tell If Windstorm Will Increase Insurance Rates
HOMEOWNERS CHOICE, INC. UNITS TO SEPARATE TODAY INTO COMMON STOCK ...
DBusinessNews.com - Found Sep. 20, 2008
Tampa - Clearwater - Homeowners Choice, Inc., a Florida-based insurance company, announced that the common shares and warrants underlying its units
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Cap could come off state wind pool insurance rates
Houston Chronicle - Found Sep. 19, 2008
The department was originally scheduled to consider the Texas Windstorm Insurance Association's request to boost rates 10 percent for homeowners and
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Don’t add wind coverage to U.S. flood insurance program
The Hill - Found Sep. 17, 2008
30.Flood insurance is not included in the standard homeowners insurance policy.
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Liberty Mutual Catastrophe Teams Blanket Area to Handle Ike Claims
Allstate Expands Choices for Wisconsin Homeowners
Wyncrest Group, Inc. Today Announces Plans to Provide Limited ...
California Legislative Session Positive on Insurance Issues
Insurance Journal - Found Sep. 15, 2008
In the aftermath of the 2007 wildfires, it was believed that homeowners insurance would be the focus of much legislative attention this year.
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