Insurance, Insured, Insured Mail, Insurer




Insurance, Insured, Insured Mail, Insurer :




Insurance : a contract of protection against loss that provides for payments by those who seek the protection to those who abide to provide compensation in the event of the loss : such losses are clearly stated in the contract as to type and the amount of the compensation. Payments for protections and the premiums are based on the amount of coverage and risk factors such as the age of the person in case of life insurance or the type of the structure in case of insurance of the structure or building



Insured : Secured by a insurance : A person or property that is secured by insurance. Of the policy holder : one who is protected from loss. Colloq, Of that which is seemingly assured.



Insured Mail : When the postal department provides security in which the sender is compensated to the extent of the declared value of the contents of a letter or package that is lost of damaged in transit



Insurer : The person or company which agrees or abides to protect another against a monetary loss




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