Definition of insure transitive verb. 1 : to provide or obtain insurance on or for.
/ (ɪnˈʃʊəd, -ˈʃɔːd) / adjective. covered by insurancean insured risk. noun. the person, persons, or organization covered by an insurance policy .
No, insuree is not in the scrabble dictionary .
Insured sentence example
There are 5,954 insurers in the US in total . The property and casualty niche is the largest segment of the insurance industry and accounts for 2,509 of these insurers. The other two big segments are health, with 907 insurers, and life and annuity, with 852 insurers.
Primary Functions of Insurance
Types of Insurers
The insurer is defined as the company that issues insurance policies, handles claims, and sells policies . Moreover, the insurer is responsible in providing financial coverage to their customer in the form of sum assured in case of occurrence of the event (stated in the policy).
What Is Insurance? Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company . The company pools clients' risks to make payments more affordable for the insured.
An “insurer” refers to the company providing you with financial coverage in the case of unexpected, bad events covered on your renters insurance or homeowners policy .
Insurance companies consider many items valuable, including:
Definition of the insured : a person who has insurance : a person whose life, health, or property is insured The insured must submit a report of damage to property within 90 days.
Insured is a generic term that refers to any person or entity legally entitled to receive the benefits of an insurance policy, typically claim payments . Insurers make payments to insureds after they experience a covered loss, damage, or an injury that qualifies for payment under the policy's terms.
In this page you can discover 27 synonyms, antonyms, idiomatic expressions, and related words for insured, like: safeguarded, protected, covered, warranteed, guaranteed, uninsured, underwritten, secured, assured, ensured and ascertained .
Insurance is a way to manage your risk . When you buy insurance, you purchase protection against unexpected financial losses. The insurance company pays you or someone you choose if something bad happens to you. If you have no insurance and an accident happens, you may be responsible for all related costs.
Insured is the person who is covered against risk. On the other hand, the insurer is the company that is providing coverage . It is a service that an insurer provides under a particular insurance policy against a premium paid by the policyholder.