Insurance Definition – Insurance refers to a contractual arrangement in which one party i e. The insured by paying a definite amount in exchange for an adequate consideration called as premium. The state of being insured. Insurance definition is coverage by contract whereby one party undertakes to indemnify or guarantee […]

Insurance Definition By Authors – A clause in an insurance policy that indicates that the insurer will only cover the least expensive option for treatment repair or remediation. The results of this survey although subject to many qualifications and caveats were found to be valuable and are cited hereafter as […]