Insurance Sunday, June 18, 2006
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
policy: written contract or certificate of insurance; "you should have read the small print on your policy"
indemnity: protection against future loss
Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Ideally, insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a reasonable fee.
Amount paid for the purchase of an insurance policy.
Subject to the exclusions set out below, the hirer and any driver authorised to drive the vehicle is fully indemnified in respect of any liability he might have to the owner in respect of the loss or damage to the vehicle and its accessories and spare parts and any consequential loss of revenue or other expenses of the owner including towing and salvage costs associated with the recovery of the vehicle and its accessories and spare parts. ...
If you are a US or Canadian resident and have auto insurance coverage that covers rentals and you have full coverage (liability, comprehensive, and collision) you will need to provide us with your insurance information prior to the rental so the coverage can be verified. A binder from your insurance company is also required. Insurance provided by credit card companies is not valid as they do not cover VAN rentals.
A contract in which one party agrees to pay for another party's financial loss resulting from a specified event (for example, a collision, theft, or storm damage). Lease agreements generally require that you maintain vehicle collision and comprehensive insurance as well as liability insurance for bodily injury and property damage.
All our prices include GST, unlimited kilometres, AA breakdown service and a full comprehensive insurance.
In blackjack, a side bet that the dealer has a natural. Insurance is offered only when the dealers up card is an ace. The insurance bet wins double if the dealer has a natural, but loses if the dealer does not.
The player bets that the dealer has a blackjack when the dealer's up card is an ace.
to a named overseas port where the seller quotes a price for the goods (including insurance), all transportation, and miscellaneous charges to the point of debarkation from the vessel. (Used only for ocean shipments.)
For drivers 25 years and over, the insurance excess* is from NZ $1,000 + GST. Specialty vehicles may be subject to a higher excess*. This excess may be reduced at the Manager's discretion. (Please enquire on booking) A single vehicle accident will be subject to an excess* from $2,000 + GST. Single vehicle excesses are non-reducable. * Insurance excess subject to change. Please check with hiring location. Excess may vary dependant on pickup location and vehicle type.
protection against a specific loss over a period of time that is secured by the payment of a regularly scheduled premium.
(1) A contract whereby one undertakes to indemnify another or pay a specified amount upon determinable contingencies. (2) A device for the transfer of the risks of individual entities to an insurance company, which agrees, for a consideration, to assume to a specified extent, losses suffered by the insured.
Plan in which individuals and organization who are concerned about potential risks will pay premiums to an insurance company, who in return, will reimburse them if there is loss. To generate a profit, the insurer will invest the premiums it receives. Examples of the different types of insurance available are automobile, home, health and worker's compensation. Whereas in most cases the insured is paid for their loss, with life insurance a beneficiary is paid when the insured person passes away.
A system under which individuals, businesses, and other organizations or entities, in exchange for payment of a sum of money (called a premium), are guaranteed compensation for losses resulting from certain perils under specified conditions in a contract.
A pricing term indicating that the cost of the goods, insurance, and freight is included in the quoted price.
A contract that provides compensation for specific losses in exchange for a periodic payment. An individual contract is known as an insurance policy, and the periodic payment is known as an insurance premium.
Coverage by a contract binding a party to indemnify another against specified loss in return for premiums paid. Interest: A charge for a loan, usually a percentage of the amount loaned.
A contract of indemnity against specified perils.
A contract in which one party agrees to compensate another party for any losses or damages caused by risks identified in the contract in exchange for the payment of a lump sum or periodic amounts of money to the first party.
There are many types of insurance that apply to the mortgage process. See hazard insurance, PMI(private mortgage insurance), and mortgage insurance.
A system whereby individuals and companies who are concerned about the potential for loss pay premiums to an insurance company which, in turn, will reimburse those individuals and companies in the event the loss occurs.
the business of providing financial protection for property, life, health, etc against specific occurances. intermediate Level above basic but below advanced. internship Employment a student (especially of medicine) takes to gain experience for a qualification. intro week An introductory week for new university or college students which enables them to become familiar with their institution, its facilities, their course and the town or city they will be studying in.
The Buyer shall provide at its expense property damage insurance or “all risk” builder's risk insurance covering all of its property on the basis of full replacement cost value without depreciation which will name the Seller and any manufacturer of the Product(s) as additional insureds with a waiver of subrogation against all insured parties thereunder.
An insurance policy that provides financial assistance to support medical, personal, and social services that meet the basic daily living needs of the chronically ill or disabled over a long period of time.
The cost includes transport and forwarding insurance of the real value of the goods, together with the cost of freight, up to the amount of 250 E. By the written order of the orderer, consignments of bigger value can be additionally insured within the system of GE or at the orderer`s own insurance company. 7.2. At compensation for damaged or lost consignment, the orderer gets the equivalent of the real value of the goods, without taxes.
A contract providing for financial protection against a loss. For example, a homeowner’s insurance policy provides for reimbursement if the owner suffers a loss due to fire or a number of other causes.
posted by your Insurance @ 12:30 AM,
