Insurance

A contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder by which someone guarantees for a feeWhen applied to property, an inheritable estate in land. to pay someone else for the valueThe terms "full value", "full cash value", "cash value", "actual value" and "fair market value" mean of propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself. if it is lost or damaged (as through theftThe taking or removing of property with intent to deprive the rightful owner. It includes such crimes or fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage.); the amount for which something is insuredThe policyholder - the person(s) protected in case of a loss or claim..

Insurance

A contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder that provides compensation for specific losses in exchangeWhen ownership of like-kind properties are transferred between two or more owners; can result in postponement for a periodic paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments. An individual contractA contract of Health Insurance made with an individual called the policyholder or the Insured, which is known as an insurance policyThis is the entire written insurance contract., and the periodic payment is known as an insurance premiumThe amount charged a lender by a guarantee agency for insuring the lender against losses on GSLP loans..

Insurance

A contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder to transferChange of jurisdiction over real property from one Federal agency or department to another, including riskThis word has two meanings for insurers: (1) the chance of loss such as from a peril; and (2) the person from individuals to an insurance companyAn insurance company must be licensed by the Department of Insurance to sell health insurance. The insurer. In exchangeWhen ownership of like-kind properties are transferred between two or more owners; can result in postponement for a premiumThe sum paid by a policyholder to keep an insurance policy in force, the insurance company agrees to pay for losses coveredA person covered by a pension plan is one who has fulfilled the eligibility requirements in the plan, under the termsThe specific conditions of a loan, including the requirements governing receipt and repayment of a loan. of the policyThe written contract of insurance..

Insurance

A formal device for reducing the chance of lossThe occurrence of the event for which insurance pays. by transferring the risks of several individualA person as defined. entitiesCooperatives, corporations, partnerships, joint operations, trusts, or limited liability companies. to insurance companies.

Insurance

A systemAnother name often used for CalPERS or the California Public Employees’ Retirement System. to protect persons against the risks of financial lossThe occurrence of the event for which insurance pays. by transferring the risks to a large group who shareOwnership of publicly held companies occurs through the sale of shares of stock. Shares are often issued the financial losses.

Insurance

An arrangement under which individuals, businesses, and other organizations or entitiesCooperatives, corporations, partnerships, joint operations, trusts, or limited liability companies., in exchangeWhen ownership of like-kind properties are transferred between two or more owners; can result in postponement for paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a premiumThe sum paid by a policyholder to keep an insurance policy in force, are guaranteed compensation for losses resulting from certain perilsFor homeowner's insurance, an event that can damage the property. Homeowner's insurance may cover the under specified conditionsProvisions of an insurance policy that state the rights and duties of the insured or the insurance company..

insurance

As a part of PITIWhen buying a home, this acronym refers to principal, interest, taxes and insurance, the fixed costs, the amount of the monthly mortgageIncludes all forms of debt for which real property, that is, land and/or buildings, is given as security. paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments that does not include the principalThis term is used to mean the employer of an agent; or the amount of money borrowed, or the amount of, interestThis is the amount that is imposed when payment is remitted after the due date., and taxes.

Insurance

Protection against a specific lossThe occurrence of the event for which insurance pays. over a period of time that is secured by the paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a regularly scheduled premiumThe sum paid by a policyholder to keep an insurance policy in force.

Insurance

Protection against a specific lossThe occurrence of the event for which insurance pays., such as fireA combustion accompanied by a flame or glow, which escapes its normal confines to cause damage., wind etc., over a period of time that is secured by the paymentPeriodic (usually monthly) installments paid to a lender to be applied toward repaying your loan. Payments of a regularly scheduled premiumThe sum paid by a policyholder to keep an insurance policy in force.

Insurance

See "property insuranceInsurance providing financial protection against the loss of, or damage to, real and personal property;" "private mortgage insuranceSee: mortgage insurance.;" "insured mortgageA mortgage that is protected by the Federal Housing Administration (FHA) or by private mortgage insurance;" "title insuranceInsurance to protect the lender lender's policy) or the buyer (owner's policy) against loss arising."