Insurance Definition

Noun

Wikipedia has an article on: Insurance

Singular insurance

Plural usually uncountable; plural insurances

insurance (usually uncountable; plural insurances)

  1. A means of indemnity against a future occurrence of an uncertain event.
    The car was totalled, but fortunately I had insurance.
  2. The business of providing insurance.
    After five years in banking, I switched to insurance.
  3. Metaphoric: Any attempt to anticipate an unfavorable event.
    The sky was clear, but I took my umbrella for insurance.
  4. Blackjack: A bet made after the deal, which pays off if the dealer has blackjack.
    I only take insurance if the count is right.
  5. (countable) An insurance policy
    • 2009 February 18, Cheryl Critchley, “Free child care for Victorian bushfire victims”, Herald Sun:
      "The children need to get back to some level of normalcy and their families can certainly use some respite to deal with things such as insurances, licences and other things they have lost," he said.

Related terms

  • automobile insurance
  • car insurance
  • casualty insurance
  • credit insurance
  • earthquake insurance
  • fire insurance
  • flood insurance
  • freight insurance
  • group insurance
  • health insurance
  • insure

From Wiktionary under the GNU Free Documentation License.
Fri Feb 19 09:22:02 2010

Insurance Facts

Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for a premium, and can be thought of as a guaranteed and known small loss to prevent a large, possibly devastating loss. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

From Wikipedia under the GNU Free Documentation License
Sun Mar 7 05:43:33 2010

Insurance Answers
What is the type of insurance that covers bodily injury and property damage to others?
Q. 1: What is the type of insurance that covers bodily injury and property damage to others? liability uninsured motorist comprehensive collision 2: What is the type of insurance that covers you when you are injured by a hit and run driver? liability uninsured motorist comprehensive collision 3: Insurance is based on the concept of ___ and ___ profit and loss risk and loss risk and return profit and cars 4: Which type of insurance is usually required if you finance your car purchase? Medical Payment Insurance Towing Insurance Rental Insurance Collision and Comprehensive Insurance 5: Which of the following is not a way that a teenager can save money on insurance? Getting on his or her parents' policy Getting good… [cont.]
Asked by dudefornow14 - Tue May 13 12:15:17 2008 - - 2 Answers - 1 Comments

A. I didn't study for this test (haha) 1-Liability 2-Uninsured motorist if you were a pedestrian Collision if it's a hit&run in your car 3-Risk & Loss 4-Comp & Collision 5-Driving penalties 6-All of them
Answered by Tori - Wed May 14 11:04:23 2008

How much is malpractice insurance for neurosurgeons by state?
Q. I need to know the average malpractice insurance for neurosurgeons in different states.I want to practice in a state where the insurance isn't so expensive.I live in NYC and here,the insurance is almost $1000.I prefer going to another city than giving all that money for the insurance.I never had any problem in my career and I don't need this type of insurance. Can you help me? PS. I am paid very well,but I don't like spending money on things that I don't need.
Asked by Leo - Wed Nov 4 01:39:09 2009 - - 1 Answers - 1 Comments

A. There's no average. You can't average no retro date and no tail, with 30 years of prior coverage. But if you don't "need" this type of insurance, don't buy it. No hospital will actually allow you to use their operating room without it, anywhere, in the USA, but hey, if you don't NEED it, hey. As to where it's cheaper - Not in the state of NY. Generally, the states which limit tort (republican states) are more friendly to doctors. But your professional association, or professional magazines, should be giving you a list of cheaper states. I believe there are at least 45 of them, LOL.
Answered by mbrcatz - Wed Nov 4 09:27:33 2009

What the insurance will do if the two parties of the car accident all have policy with the same insurer?
Q. I had a car accident and I believe it was third party's fault. However, the third party and I have policy from the same insurance company. The legal insurance is same as well. What should I do to make sure that the insurance would act without interest conflict? If I use different legal firm, will it be better?
Asked by confuser - Thu Nov 1 13:41:23 2007 - - 13 Answers - 1 Comments

A. You have one advantage in that the insurance company will have both people's versions of the incident and be able to better apportion liability quickly. They should advise you of the conflict of interest under FSA rules. The fact that you are insured with the same insurer does not affect your rights under contract (they must repair your car if you have comprehensive cover) nor does it affect the other driver's rights under contract (the insurance company must pay damages you claim against him - under the liability section, if they think he is at fault). Hopefully the insurance company will quickly decide on who is at fault and pay you your uninsured losses (excess, loss of earnings, injury etc). If not then you will have to look at the… [cont.]
Answered by welcome news - Fri Nov 2 10:29:51 2007

From Yahoo Answer Search: "insurance"
Tue Mar 16 00:25:40 2010

Insurance News
Maine May Bar Health Insurance Payments This Week - eMaxHealth
news.google.com
Maine May Bar Health Insurance Payments This Week

eMaxHealth

Maine is once again heading the vanguard in health insurance development and policy. This time the Maine house put forth a provision eliminating caps on ...



and more »
West Virginia to Create Electronic Auto Insurance Verification System - Insurance Journal
news.google.com
West Virginia to Create Electronic Auto Insurance Verification System

Insurance Journal

West Virginia lawmakers want to give police and the courts an easy way to verify whether a driver has required liability insurance . The House has approved a ...
Ohio House to review worker's comp council - Dayton Daily News
news.google.com
Ohio House to review worker's comp council

Dayton Daily News

COLUMBUS, Ohio A state House committee will review a council created to protect Ohio's insurance fund for injured workers in the wake of the firing of the ...



and more »

From Google News Search: "insurance"
Mon Mar 15 17:54:58 2010

Insurance Images
Insurance Coverage For Small Businesses What to insure
myownbusiness.org
Insurance Coverage For Small Businesses What to insure
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insurance jpg
cthf.org
insurance jpg
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outset of the insurance The amount the insured pays or insurance premium is based on the chance of the event happening and if it doesn t the risk taker or insurer keeps the premium paid Some forms of insurance are useful for both the insurance underwriter and the insured as the insurance firm earns a profit by investing the money of the insured and getting returns on it

automobile insurance 01 jpg
insurance-pix.net
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02 jpg http www insurance pix net images insurance pix net 0 Motor Vehicle Insurance 01 jpg http www insurance pix net images insurance pix net 0 Life Insurance Policies 02 jpg http www insurance pix net images insurance pix net automobile insurance 01 jpg http www insurance pix net images insurance pix net 0 Affordable Insurance 02 jpg http www insurance pix

From Yahoo Image Search: "insurance"
Sat Mar 6 21:02:52 2010

Insurance Blogs
MoveOn Ad Asks: America Or Big Insurance , Pick A Side | Oliver Willis
oliverwillis.com
MoveOn Ad Asks: America Or Big Insurance , Pick A Side | Oliver Willis

(Oliver Willis)

Mon, 15 Mar 2010 22:08:00 GM

How about, no, I won't side with big . insurance. companies, and no, I won't vote for this legislation which they partially wrote that hands them a big sack of money; regardless of your promises to fix this turkey with a reconciliation ...

The Benefits Of Term Life Insurance / Daily News And Article
muhabirizbiz.com
The Benefits Of Term Life Insurance / Daily News And Article

admin

ue, 16 Mar 2010 06:44:55 GM

When you want a complete and pure life . insurance. cover for you or your family members then the term life . insurance. is your best bet. Term life . insurance. is considered to be the original form of life . insurance. and is regarded as pure ...

Kenya Orient Insurance | RiverDale Action Group Inc
ragweb.org
Kenya Orient Insurance | RiverDale Action Group Inc

jenibur

ue, 16 Mar 2010 07:02:50 GM

is our first report on Kenya's . insurance. sector. Ltd Capitol Hill Towers, 6th Floor,. 087c8788d4 kenya orient . insurance. limited is on FacebookSign up for Facebook to connect The innovation, Kenya Orient says, is set to revolutionise the ...

From Google Blog Search: "insurance"
Tue Mar 16 08:00:35 2010