what is insure
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INSURE • INSURE (verb). The verb INSURE has 4 senses: 1. be careful or certain to do something; make certain of something. 2. make certain of. 3. protect by insurance. 4. take out insurance for. Familiarity information: INSURE used as a verb is uncommon.
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What is an Insulator? An insulator is a material or method that restricts the transfer of either heat or electricity. Insulators are used to protect us from the dangerous effects of electricity flowing through conductors.
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- Often an insurer will cede part of a risk to a reinsurer to avoid being exposed to a larger than usual loss. Reinsurance is a contract of indemnity against liability by which an insurance company procures another insurance company to insure it against loss or liability by reason of the original insurance.
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Insurance Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. 2  For example, a company can obtain crime insurance to cover losses arising from theft or embezzlement.
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- An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Reinsurance is a type of insurance purchased by insurance companies or self-insured employers to protect against unexpected losses. 2  Financial reinsurance is a form of reinsurance that is primarily used for capital management rather than to transfer insurance risk.
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insurance insurance. n. 1. (Insurance). a. the act, system, or business of providing financial protection for property, life, health, etc, against specified contingencies, such as death, loss, or damage, and involving payment of regular premiums in return for a policy guaranteeing such protection. b. the state of having such protection.
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What is 'Reinsurance' What is 'Reinsurance'. Reinsurance, also known as insurance for insurers or stop-loss insurance, is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood of having to pay a large obligation resulting from an insurance claim.
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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, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured or policyholder. The insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the i
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insurance 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 agreement or policy. 4. the amount for which anything is insured. 5. a premium paid for insurance. 6. any means of guaranteeing against loss or harm: to take vitamin C as insurance against colds.
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Comments: Ensure vs Insure edit Examples. The word insure is used mostly in a financial context as it relates to insurance. For example, 1  It is required by law that you insure your car. 2  I use the same company to insure both my home and my car. 3  The painting was stolen but the owner was not worried because it was insured.
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What is an Insulator? An insulator is a material or method that restricts the transfer of either heat or electricity.Insulators are used to protect us from the dangerous effects of electricity flowing through conductors. Insulators are materials that have just the opposite effect on the flow of electrons.They do not let electrons flow very easily from one atom to another.nsulators are used to protect us from the dangerous effects of electricity flowing through conductors. Insulators are materials that have just the opposite effect on the flow of electrons.
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Life Insurance 1. 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.
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Car Insurance Terms Glossary Car Insurance: A form of insurance that protects against losses involving cars. Car insurance provides protection from losses resulting from owning and operating a car or vehicle. The insurance covers losses to the insured's property and losses for which the insured is liable as a result of owning or operating a car.
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Property insurance Property insurance provides protection against most risks to property, such as fire, theft and some weather damage.This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance.roperty insurance provides protection against most risks to property, such as fire, theft and some weather damage.
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Why do we need insurance? Why do we need insurance? Insurance is there to provide protection for yourself, your investment and your business. Disaster could take any form; car breaks down, roof leaks, a major home fire, an automobile accident that leads to a legal action and someone in the family becomes ill. Insurance gives you peace of mind and you know that if anything happens to you, your family or your business that you will be financially secure. The best course of action is to prepare for the worst and hope for the best.
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- Definition of protect for English Language Learners. : to keep (someone or something) from being harmed, lost, etc. : to save (someone) from financial loss caused by fire, injury, damage, etc.
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insulate in·su·late. tr.v. in·su·lat·ed, in·su·lat·ing, in·su·lates. 1. To prevent the passage of heat, electricity, or sound into or out of, especially by surrounding or covering with a nonconducting material: insulate an attic. 2. To cause to be in a detached or isolated position. See Synonyms at isolate.
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What Is Health Insurance? Health insurance is a type of insurance coverage that covers  the cost of an insured individual's medical and surgical expenses.  Depending on the type of health insurance c … overage, either the  insured pays costs out-of-pocket and is then reimbursed, or the  insurer makes payments directly to the provider.
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Insurance Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss.
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insurer underwriter - a financial institution that sells insurance. insurance company, insurance firm, insurance underwriter, insurer. nondepository financial institution - a financial institution that funds their investment activities from the sale of securities or insurance.
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Assured A person protected by insurance coverage against loss or damage stipulated by the provisions of a policy purchased from an insurance company or an underwriter. Assured is synonymous with insured.
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- The insured is the person or entity who is covered by the insurance policy. The insurer is the entity (insurance company)that pays to, or on behalf, of the insured for a cover … ed loss.he wife is the assured, and the husband the insured. The wife is the owner of the policy but she is not the insured. In property insurance, like fire insurance, the insure is also the assured where the proceeds are payable to him. Assured is also used sometimes as a synonym of beneficiary..
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- Definition of insurance for Students. 1 : an agreement by which a person pays a company and the company promises to pay money if the person becomes injured or dies or to pay for the value of property lost or damaged. 2 : the amount for which something is insured.
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Insurance An insurer, or insurance carrier, is selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Earthquake insurance is a form of property insurance that pays the policyholder in the event of an earthquake that causes damage to the property. 2  Most ordinary home insurance policies do not cover earthquake damage.
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Glossary of Terms 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.
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What is 'Insurance Coverage' What is 'Insurance Coverage' Insurance coverage is the amount of risk or liability that is covered for an individual or entity by way of insurance services. Insurance coverage, such as auto insurance, life insurance – or more exotic forms, such as hole-in-one insurance – is issued by an insurer in the event of unforeseen occurrences.