insurance

Noun
  1. Promise of reimbursement in the case of loss;
    Paid to people or companies so concerned about hazards that they have made prepayments to an insurance company (synset 113365819)
    is a type of: protection, security - defense against financial failure; financial independence
    subtypes:
    • assurance - a British term for some kinds of insurance
    • automobile insurance, car insurance - insurance against loss due to theft or traffic accidents
    • business interruption insurance - insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril
    • coinsurance - insurance issued jointly by two or more underwriters
    • fire insurance - insurance against loss due to fire
    • group insurance - insurance that is purchased by a group (such as the employees of a company) usually at a reduced rate to individual members of the group
    • hazard insurance - insurance that provides protection against certain risks such as storms or fires
    • health insurance - insurance against loss due to ill health
    • liability insurance - insurance that provides protection from claims arising from injuries or damage to other people or property
    • life assurance, life insurance - insurance paid to named beneficiaries when the insured person dies
    • malpractice insurance - insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice
    • reinsurance - sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
    • self-insurance - insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
    • term insurance - low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value
  2. Written contract or certificate of insurance (synset 106535632)
    "you should have read the small print on your policy"
    is a type of: contract - a binding agreement between two or more persons that is enforceable by law
    subtypes: floater, floating policy - an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location
    same as: insurance policy, policy
  3. Protection against future loss (synset 114563428)
    is a type of: protection, shelter - the condition of being protected
    same as: indemnity

Other Searches