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insurance, coverage

 
 

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

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Kinds of ...: insurance, coverage
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kinds of:

  • coinsurance — insurance issued jointly by two or more underwriters
  • reinsurance — sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
  • self-insurance — insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
  • health insurance — insurance against loss due to ill health
  • fire insurance — insurance against loss due to fire
  • life insurance, life assurance — insurance paid to named beneficiaries when the insured person dies
  • automobile insurance, car insurance — insurance against loss due to theft or traffic accidents
  • assurance — a British term for some kinds of insurance

 
... is a Kind of: insurance, coverage
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Definition. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more

 

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