Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril
Simple Definition of insurance
An agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen
The amount of money a person regularly pays an insurance company as part of an insurance agreement
The amount of money that a person receives from an insurance company
