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insurance

 


Insurance In*sur"ance, n. [From Insure.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6. [1913 Webster]

Note: The person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy. --Johnson s Cyc. [1913 Webster]

2. The premium paid for insuring property or life. [1913 Webster]

3. The sum for which life or property is insured. [1913 Webster]

4. A guaranty, security, or pledge; assurance. [Obs.] [1913 Webster]

The most acceptable insurance of the divine protection. --Mickle. [1913 Webster]

5. Hence: Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury. [PJC]

{Accident insurance}, insurance against pecuniary loss by reason of accident to the person.

{Endowment insurance} or {Endowment assurance}, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. Also called {whole life insurance}.

{Fire insurance}. See under Fire.

{Insurance broker}, a broker or agent who effects insurance.

{Insurance company}, a company or corporation whose business it is to insure against loss, damage, or death.

{Insurance policy}, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured.

{Life insurance}. See under Life. [1913 Webster]


Copyright Notice

to spanish


insurance [in?e?r?ns] seguro
seguro.idoneos.com insurance policy [in?e?r?nsp?l?si?] póliza
poliza.idoneos.com

to french


insurance [in?e?r?ns] assurance
assurance.idoneos.com


to deutch


insurance [in?e?r?ns] Versicherung
versicherung.idoneos.com

insurance companies [in?e?r?nsk?mp?niz] Versicherungsgesellschaften
versicherungsgesellschaften.idoneos.com

insurance company [in?e?r?nsk?mp?ni?] Versicherungsgesellschaft
versicherungsgesellschaft.idoneos.com

insurance of decease [in?e?r?ns?fdisi?s] Sterbefallversicherung
sterbefallversicherung.idoneos.com

insurance on hull [in?e?r?nsw?nh?l] Kaskoversicherung
kaskoversicherung.idoneos.com

insurance policies [in?e?r?nsp?l?siz] Versicherungspolicen
versicherungspolicen.idoneos.com

insurance policy [in?e?r?nsp?l?si?] Versicherungspolice
versicherungspolice.idoneos.com

insurance premium [in?e?r?nspri?mi?m] Versicherungsprämie
versicherungspramie.idoneos.com


to italian


insurance assicurazione
assicurazione.idoneos.com



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