Web Definition: Insurance
Insurance is the business of providing protection against financial aspects of risk, such as those to property, life, health & legal liability. It is one method of the overall concept known as risk management. In insurance, the insured makes payments called premiums to an insurer & in return is able to claim a payment from the insurer if the insured suffers a defined type of loss. This relationship is usually drawn up in a formal legal contract, also known as a policy. The contract will set out in detail the exact circumstances under which a benefit payment will be made & the amount of the premiums. In one classic example of insurance, a ship-owner insures a ship & receives payment if the ship is damaged or destroyed. This example is one of the earliest uses & developments of concepts like insurance. Interestingly, ships are now more often insured through risk pooling & spreading organizations such as Lloyds of London because the loss of a large ship going down is too great for one insurer to accept.
Read More »Dictionary Entry: The act of insuring, or assuring, against loss or damage by a contingent event - a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks.
Cf. Assurance, n. 6.
Abstract from Wikipedia available under GNU FDL - « Read More
Uk Car Insurance
Best 5 Uk Car Insurance
5choicewizard.com - See Also: Car Insurance »
Find Insurance Uk
Helpful Links for insurance uk
toseeka.com
Searching For
Quotes Car Insurance In The Uk
your5choices.com
Insurance Uk Advice And Info
Our insurance uk experts have researched & listed all the latest info.
frisgo.com
Insurance Medical Uk
Looking for Insurance Medical Uk
playfulsearcher.com
Looking For Insurance Uk
Find: insurance uk. Review & compare!
findstuff.com
Insurance Uk Information
Learn about insurance uk
couponmountain.com
Insurance Uk Info
Get Info on Insurance Uk from 14 search engines in 1.
search4.info.com
Insurance Uk Listings
Your Source for Insurance. Find & Compare Insurance Listings Here.
areaconnect.com
More Insurance Uk Info
Find insurance uk. Weve compiled top results for your search needs here.
wakweb.com
Insurance Uk Listings
Find & Compare Top Local insurance uk Listings Here.
wyp.net
Car Insurance
Save money by not paying for more than you need. Learn more about car insurance.
yellowpages.lycos.com
Car Insurance Deals
Great car insurance deals Find insurance deals quickly
primecarinsurance.com
Car Insurance Savings
All The Car Insurance Savings Here! Smart Car Insurance Plans Here.
car.insurance.alltheautomotive.com - See Also: Smart Car »
Free Insurance Quotes - Car, Home, Life.
Save on All Your Insurance Needs. Get Free Auto, Home, Health, or Life Insurance Quotes in 5 Minutes or Less.
www.overhere.info - See Also: Insurance Quotes »