- Types:
- show 20 types...
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assurance
a British term for some kinds of insurance
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automobile insurance, car insurance
insurance against loss due to theft or traffic accidents
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business interruption insurance
insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril
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coinsurance
insurance issued jointly by two or more underwriters
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fire insurance
insurance against loss due to fire
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group insurance
insurance that is purchased by a group (such as the employees of a company) usually at a reduced rate to individual members of the group
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hazard insurance
insurance that provides protection against certain risks such as storms or fires
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health insurance
insurance against loss due to ill health
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liability insurance
insurance that provides protection from claims arising from injuries or damage to other people or property
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life assurance, life insurance
insurance paid to named beneficiaries when the insured person dies
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malpractice insurance
insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice
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reinsurance
sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured
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self-insurance
insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy
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term insurance
low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value
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no fault automobile insurance, no fault insurance
a system of automobile insurance where a party who is injured in an automobile accident recovers damages up to a specific amount against his own insurance company regardless of who was responsible for the accident
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hospitalization, hospitalization insurance
insurance that pays all or part of a patient's hospital expense
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endowment insurance
life insurance for a specified amount which is payable to the insured person at the expiration of a certain period of time or to a designated beneficiary immediately upon the death of the insured
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tontine, tontine insurance
a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
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ordinary life insurance, straight life insurance, whole life insurance
insurance on the life of the insured for a fixed amount at a definite premium that is paid each year in the same amount during the entire lifetime of the insured
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HMO, health maintenance organization
group insurance that entitles members to services of participating hospitals and clinics and physicians
