Is Insurable a word?

What insurable means?

: capable of or appropriate for being insured against loss, damage, or death : affording a sufficient ground for insurance.

How do you spell insurable?

capable of being or proper to be insured, as against loss or harm.

Is insurability a word?

Definition: The characteristic of being acceptable for insurance is called insurability.

What is the noun for the word insure?

insurance. A means of indemnity against a future occurrence of an uncertain event. The business of providing insurance. Metaphoric: Any attempt to anticipate an unfavorable event.

What is a reinsurance contract called?

What Is Reinsurance? Reinsurance is also known as insurance for insurers or stop-loss insurance. Reinsurance is the practice whereby insurers transfer portions of their risk portfolios to other parties by some form of agreement to reduce the likelihood of paying a large obligation resulting from an insurance claim.

Is indubitably a word?

Indubitably is an adverb that means “impossible to doubt.” You know what doubt means—it’s the feeling you get when you’re not certain about something or you’re not convinced about something. … Indubitably is an adverbial form of the adjective indubitable, which carries the same meaning.

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What do u mean by insurance?

What Is Insurance? Insurance is a contract, represented by a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risks to make payments more affordable for the insured.

What is mean by insoluble?

: not soluble: such as. a : incapable of being dissolved in a liquid and especially water also : soluble only with difficulty or to a slight degree. b : having or admitting of no solution or explanation an insoluble problem.

Why is an insurance contract a contract of adhesion?

In the insurance world, a contract of adhesion – also known as an adhesion contract – is a contract where one party has significantly more power than the other when creating the contract. … You can’t look over your insurance policy and then counter the offer with more favorable terms.

Is a refinance insurable?

An uninsurable mortgage is a mortgage loan that cannot be insured against default. Any mortgage that does not qualify within the guidelines of an insured mortgage or an insurable mortgage is deemed to be uninsurable. A mortgage refinance can never be insured or insurable and therefore is always uninsurable.

What does insurability clause mean?

: a clause in an insurance policy that sets out the risk assumed by the insurer or defines the scope of the coverage afforded.

What is the verb of insurance?

insure. (transitive) To provide for compensation if some specified risk occurs. Often agreed by policy (contract) to offer financial compensation in case of an accident, theft or other undesirable event. (intransitive) To deal in such contracts; subscribe to a policy of insurance.

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What is the verb for insurance?

Full Definition of insure

transitive verb. 1 : to provide or obtain insurance on or for. 2 : to make certain especially by taking necessary measures and precautions. intransitive verb. : to contract to give or take insurance.

How do you say the word insurance?

North Americans pronounce this word two different ways; i→nsurance & insur→ance.