What does being insure mean?

What does being insure mean?

a person whose interests are protected by an insurance policy; a person who contracts for an insurance policy that indemnifies him against loss of property or life or health etc. synonyms: insured person. type of: individual, mortal, person, somebody, someone, soul. a human being.

What is insurance simple?

Insurance is a term in law and economics. It is something people buy to protect themselves from losing money. In exchange for this, if something bad happens to the person or thing that is insured, the company that sold the insurance will pay the money back.

How do you use the word insure?

“To insure” means to protect against risk by regularly paying an insurance company. Example: I assure you that she is a skilled technician. To ensure that the job is done, I will follow up tomorrow.

What is a insure in insurance?

An insured is the person or business entity that receives financial support or other benefits after an insurance claim.

What does insured name mean?

In a nutshell a named insured is exactly as it sounds. That is, a named insured is the person or business who is explicitly named on the insurance contract. If you are the named insured, your name usually appears on the first page of the contract, often within the first few lines.

What means uninsured?

: lacking insurance : not insured uninsured losses/expenses …

Is insure the same as ensure?

To ensure something is to make sure it happens—to guarantee it. To insure something or someone is to cover it with an insurance policy.

How do you use insure in a sentence?

Examples of insure in a Sentence This policy will insure your car against theft. She had difficulty finding a company that would insure her. They take great care to insure the safety and security of their home.

What does insured’s name mean?

What Does Named Insured Mean? That is, a named insured is the person or business who is explicitly named on the insurance contract. If you are the named insured, your name usually appears on the first page of the contract, often within the first few lines.

Whats the difference between insure and ensure?

What’s the legal definition of the word insure?

Legal Definition of insure. : to assure against a loss by a contingent event on certain stipulated conditions or at a given rate of premium : give, take, or procure insurance on or for.

How to explain health insurance to your child?

To explain how an insurance company works, give your child fake money — such as from a board game — and have your child divide the money into several piles. Explain that each pile of money belongs to a different insurance company. Then, have your child give one dollar to each insurance company. Explain that this money is the insurance premium.

What’s the kids definition of the word ensure?

Kids Definition of ensure : to make sure, certain, or safe : guarantee The crossing guard ensures our safety as we cross the street.

What should I teach my 10 year old about insurance?

Parents and teachers agree that it’s a priority to make students financially responsible. Whether you have a savvy 10-year-old asking how insurance works or you’re preparing your high school student for independence, teach your child how insurance works. Think of ways in which you — or anybody else – might lose a lot of money.