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Definition Of Insurance:


nAn agreement by an insurer to provide compensation or another benefit upon the occurrence of a specified risk causing harm to property or the person of an insured.
casualty insuranceInsurance for loss or injury to person or property.indemnity insuranceInsurance which protects against loss, as opposed to insurance against one's liability to others.liability insuranceInsurance which protects against one's liability to others, as with automobile insurance that provides coverage for accidents in which the policyholder is at fault, or homeowners' insurance, which provides coverage for injury to those who are injured while on the homeowner's property.life insuranceInsurance for loss of life.

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