Insurance

Medical payments insurance

Insurance is a contractual agreement between an insurer and the insured, in which the insurer provides financial protection against potential losses. One type of coverage is known as accident insurance, where the insurer agrees to cover medical or funeral expenses for bodily injury or death, regardless of fault. This helps alleviate financial burden in case of unexpected accidents.

Related terms

Risk transfer

Understand the meaning and definition of Risk transfer in the context of stock market, trading, and investments.

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Contract of adhesion

Understand the meaning and definition of Contract of adhesion in the context of stock market, trading, and investments.

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Loss

Understand the meaning and definition of Loss in the context of stock market, trading, and investments.

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Non-owned auto

Understand the meaning and definition of Non-owned auto in the context of stock market, trading, and investments.

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Assignee

Understand the meaning and definition of Assignee in the context of stock market, trading, and investments.

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Captive insurer

Understand the meaning and definition of Captive insurer in the context of stock market, trading, and investments.

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