Insuring Definition

Least expensive alternative treatment leat.

Insuring definition. Insurance definition is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. Coinsurance is the claim amount an insured must pay after meeting deductibles and is also the level to which an owner must protect property. Insurance definition the act system or business of insuring property life one s person etc against loss or harm arising in specified contingencies as fire accident death disablement or the like in consideration of a payment proportionate to the risk involved. It is the duty of the insured to pay the premium and to represent fully and fairly all the circumstances relating to the subject matter of the insurance which may influence the determination of the underwriters in undertaking the risk or estimating the premium.

Insuring synonyms insuring pronunciation insuring translation english dictionary definition of insuring. Insure definition is to provide or obtain insurance on or for. Not to be confused with. Often called d o is liability insurance payable to the directors and officers of a company or to the organization s itself as indemnification reimbursement for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action.

Will this insure me in the event of a natural disaster. To issue an insurance policy. A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment repair or remediation. How to use insurance in a sentence.

Insure definition to guarantee against loss or harm. To issue an insurance policy. The person who procures an insurance on his property. Insure synonyms insure pronunciation insure translation english dictionary definition of insure.

A concealment of such facts amounts to a fraud which. Will this insure me in the event of a natural disaster. Do you ensure or insure.