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 management process

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

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Production

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

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Pro-rata clause

Understand the meaning and definition of Pro-rata clause in the context of stock market, trading, and investments.

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Theft insurance

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

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Quota share treaties

Understand the meaning and definition of Quota share treaties in the context of stock market, trading, and investments.

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Excess of loss reinsurance

Understand the meaning and definition of Excess of loss reinsurance in the context of stock market, trading, and investments.

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