sum of insurance
1insurance — Guarding against property loss or damage making payments in the form of premiums to an insurance company, which pays an agreed upon sum to the insured in the event of loss. Bloomberg Financial Dictionary * * * insurance in‧sur‧ance [ɪnˈʆʊərəns ǁ… …
2sum insured — ˌsum inˈsured also ˌsum asˈsured noun [countable] INSURANCE the maximum amount of money that an insurer will have to pay, according to an insurance contract: • Their policy schedule shows a sum insured of £1,000. * * * sum insured UK US noun [C]… …
3Insurance — In*sur ance, n. [From {Insure}.] [1913 Webster] 1. 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… …
4Insurance broker — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. 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… …
5Insurance company — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. 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… …
6Insurance policy — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. 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… …
7insurance — in·sur·ance /in shu̇r əns, in ˌshu̇r / n 1: the action, process, or means of insuring or the state of being insured usu. against loss or damage by a contingent event (as death, fire, accident, or sickness) 2 a: the business of insuring persons or …
8sum assured — UK US noun [C] (plural sums assured) INSURANCE ► a minimum amount that someone you have named in an insurance document will receive when you die: »In the event of your death, your dependents will receive the sum assured attached to the policy …
9insurance, life — n. A contract in which the insurer agrees to pay a specified sum to a named beneficiary when the insured dies. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …
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… …
