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insurance
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   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Encyclopedia, Wikipedia 0.02 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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Mentioned in?  References in periodicals archive?   Hutchinson browser?   Full browser?
 
As a 20-year-old college student, McLaughlin was covered under his parents' Travelers auto policy, which included up to $1 million in coverage for claims arising from accidents caused by underinsured drivers, according to the suit.
An experienced injury attorney can make sure that the settlement for policy limits with the other carrier does not preclude your right to bring your claim for underinsured motorist benefits.
Endsleigh does not offer extra cover on standard policies - potentially leaving families underinsured during Christmas.
 
 
 
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