Insurance definition is – coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. How to use insurance in a sentence. insurance meaning: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more.
Definition of certificate of insurance (COI): Document issued by an insurance company, it certifies that an insurance policy has been bought and shows an abstract of the most important provisions of the insurance contract.. Use 'certificate of insurance (COI)' in a Sentence. I finally got my certificate of insurance and it made me really.
Insurance definition used in a sentence. excess insurance definition: nA secondary insurance policy covering a loss in excess of that covered under a primary policy; may be referred to as excess policy…. How to use insurance in a sentence. Example sentences with the word insurance. insurance example sentences. Insurance fraud may entail a person filing a false insurance claim altogether, or exaggerating their damages, injuries or other losses in order to receive benefits. Many people fail to consider that insurance fraud can also apply to an insurance company knowingly denying benefits that are, in fact, due.
256+44 sentence examples: 1. Insurance companies are already overburdened with similar claims. 2. Insurance claims are expected to soar. 3. The insurance company is responsible for this case. 4. The law will compel employers to provide health insuran term life insurance: A life insurance policy which provides a stated benefit upon the holder's death, provided that the death occurs within a certain specified time period. However, the policy does not provide any returns beyond the stated benefit, unlike an insurance policy which allows investors to share in returns from the insurance. The purpose of insurance is to pay you when you lose something, to help you recover from that loss. For example, if your house burns down, fire insurance can pay for a new house.
Validation Period: The amount of time necessary for the premium on an insurance policy to cover the commissions, the cost of investigation, medical exams and other expenses associated with the. Fire insurance definition: insurance covering damage or loss caused by fire or lightning | Meaning, pronunciation, translations and examples Examples of crop insurance in a sentence, how to use it. 20 examples: Growers seemed less enthused about other potential sources of economic aid such…
Commercial general liability (CGL) is a form of comprehensive insurance that offers coverage in case of damage or injury caused by a business’s operations or products, or on its premises. Another word for insurance. Find more ways to say insurance, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. unemployment insurance: Government welfare scheme under which employable persons who are unemployed through no fault of their own (but are available for work and are actively seeking paying jobs) are given monthly sums (called unemployment benefit) for sustenance.
Automobile insurance definition is – insurance against loss arising from destruction of or damage to an insured motor vehicle; also : automobile liability insurance. FDIC is the term used for Federal Deposit Insurance Corporation which covers anyone who deposits money into savings accounts at any bank. 0 The FDIC insurance covers checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), as well as all checks drawn on those accounts. Insured definition, the person, group, or organization whose life or property is covered by an insurance policy. See more.
Insurance is an arrangement in which you pay money to a company, and they pay you if something unpleasant happens to you, for example, if your property is stolen or damaged, or if you get a serious illness. The house was a total loss and the insurance company promptly paid us the policy limit. 2. 1. Write the definition of each vocabulary word in your own words. 2. Create a sentence in the third column using both words from that row. The sentence should provide enough information to give the reader a clear idea of what each word means by either describing how Insurance Recoveries means the rights to any and all proceeds, including any interest or income earned thereon, and other relief, from (a) any Award, judgment, relief, or other determination entered or made as to any Insurance Claims; (b) any and all amounts payable by an Insurer under any settlement agreement with the Debtors, a Participating Party or a Settling Insurer with respect to.
Definition. A promise of compensation for specific potential future losses in exchange for a periodic payment. Insurance is designed to protect the financial well-being of an individual, company or other entity in the case of unexpected loss.. Use insurance in a sentence Insurance is an ancillary cost associated with vehicle ownership. 🔊 When the company decided to cut costs, it laid off its ancillary workforce first. 🔊 The venue has a large auditorium and several ancillary rooms with small screens. 🔊 During her presentation, Heather used many ancillary tools to help enhance her slide show presentation Find examples of how to use any word or phrase in a sentence with our powerful sentence generator.
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. See more.