Insurance Is

Insurance is a contract represented by a policy in which an individual or entity receives financial protection or reimbursement against losses from an insurance company.

Insurance is. General insurance also known as non life insurance general insurance is defined as any insurance that that doesn t fall in the category of life insurance. Insurance definition is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. Health insurance is a type of insurance coverage that typically pays for medical surgical prescription drug and sometimes dental expenses incurred by the insured. Insurance however provides protection only against tangible losses.

What is health insurance. Insurance is designed to protect the financial well being of an individual company or other entity in the case of unexpected loss. A policy that does not specifically offer replacement cost may leave an inadequate amount to rebuild and restock. Some forms of insurance are required by law while others are optional.

Compare quotes for car home life travel insurance and more to find great deals in minutes. Lots of clever ways to save a lot by doing very little. Agreeing to the terms of an insurance policy creates a contract between the insured and the insurer. How to use insurance in a sentence.

The insurance is closely related to corporate governance corporations law and the fiduciary duty owed to shareholders or other beneficiaries. Under the united states business judgment rule the directors and officers are granted broad discretion in their business activities. As per applicable terms and conditions it provides pre decided insurance coverage to the insured in exchange of a specific premium.