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Insurance |
Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Insurance A contract (policy) in which an individual or entity receives financial protection, or reimbursement, against losses from an insurance company, which pools client's risks to make payments more affordable, in exchange for a premium. Notes: When shopping around for an insurance policy, look for the best priced package that is right for you - prices can vary from one insurance company to the next. And make sure you know what you want. Some individuals, for example, prefer 24-hour claims service, or face-to-face contact with an insurance representative. Also consider the claims settlement process, the amount of the deductible and the extent of the replacement coverage. Insurance companies and the policies they offer are not all the same, so think about more than just the price.Insurance Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed-upon sum to the insured in the event of loss. |
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? Mentioned in | ? References in periodicals archive | |
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health insurance premiums rising at twice the rate of inflation has renewed calls on Capitol Hill for legislation to create national association health plans. In many solely owned businesses, business owners will purchase health insurance in their own name versus the business' name. I think it should be dependent on the market but the government should do something more about offering people good health insurance and companies should support that effort. |
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