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insurance
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   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.01 sec.

insurance

Contract guaranteeing compensation to the payer of periodic premiums against loss (under stipulated conditions) by fire, death, accident, and the like. Various consumer policies also insure legal or health services, paying bills or portions thereof, within the contracted conditions. Insurance is a major component of business activity, covering potential loss of property, inventory, or goods in transit.

During the Gulf War between Iran and Iraq 1987–88, it was the refusal of insurance companies to cover losses sustained by acts of war that dissuaded oil tankers from passing through the zone of hostilities.



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However this land is also not devoid of proper health insurance coverage and statistics have revealed that around 41 million US citizens don''t have proper insurances as regards health.
A health insurance can assist you to take care of this precious possession even in times of distress.
Switching from group to individual health insurance is a change many people are currently facing There can be some big differences between the two types of insurance and their cost
 
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