insurable event
1insurable — in‧sur‧a‧ble [ɪnˈʆʊərəbl ǁ ˈʆʊr ] adjective INSURANCE if something is insurable, it is possible to obtain insurance for it: • Almost everything is insurable provided the premium is adequate. * * * insurable UK US /ɪnˈʃɔːrəbl/ US /ɪnˈʃʊərəbəl/… …
2insurable interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. insurable interest …
3insurable interest — The legal right to enter into an insurance contract. A person is said to have an insurable interest if the event insured against could cause that person a financial loss. For example, anyone may insure their own property as they would incur a… …
4insurable interest in property — An interest in property to the extent that the owner of the interest derives a benefit from the existence of the property and will suffer a loss from its destruction. 29 Am J Rev ed Ins § 438. Any interest in property or any relation thereto or… …
5insurable risk — static risk The possibility of suffering some form of loss or damage that can be described sufficiently accurately for a calculation to be made of the probability of its happening, on the basis of past records. Fire, theft, accident, etc. , are… …
6insurable — insure ► VERB 1) arrange for compensation in the event of damage to or loss of (property, life, or a person), in exchange for regular payments to a company. 2) secure the payment of (a sum) in this way. 3) (insure against) protect (someone)… …
7Self insurance — is a risk management method in which a calculated amount of money is set aside to compensate for the potential future loss. More colloquially, the term self insured is used as a euphemism for uninsured. [http://www.slate.com/id/2075714/] If self… …
8Invisible Hard Market — A property/casualty insurance market phenomenon in which the market is hardening (seeing reduced supply and higher prices) but the normally positive effects of a hard market are not visible to insurers. Under ordinary circumstances, a hard market …
9Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …
10insurance — /in shoor euhns, sherr /, n. 1. 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… …
