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WordNet-Online
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Definitions from the WebInsuranceDefinitionInsurance is a financial agreement in which an individual or entity pays a premium to an insurance company in exchange for protection against specified risks or losses. Sense 1: Protection against RisksUsage: Insurance provides coverage against potential risks, ensuring financial protection for individuals and businesses alike. Example Sentence: Having comprehensive health insurance gave me peace of mind, knowing that I would be covered in case of a medical emergency. Sense 2: Financial Compensation for LossesUsage: Insurance policies compensate individuals or businesses for losses they may experience from accidents, theft, natural disasters, or other unforeseen events. Example Sentence: After the car accident, my insurance company promptly reimbursed me for the damages to my vehicle. Sense 3: Contractual AgreementUsage: Insurance policies are legal contracts between the insured and the insurer, outlining the terms and conditions of coverage. Example Sentence: Before signing the insurance contract, it is essential to carefully read and understand all the clauses and provisions. Sense 4: Types of InsuranceUsage: There are several types of insurance available, including life, health, auto, home, and travel insurance, each offering specific coverage tailored to different needs. Example Sentence: When planning our trip abroad, we made sure to purchase travel insurance to protect us in case of any unforeseen circumstances during our journey. Related Products | ||||
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