From Wiktionary under the GNU Free Documentation License.
Mon Jul 26 20:54:43 2010

In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy. The insurance rate is a factor used to determine the amount to be charged for a certain amount of insurance coverage, called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice.

The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate (indemnify) the insured in the case of a large, possibly devastating loss. The insured receives a contract called the insurance policy which details the conditions and circumstances under which the insured will be compensated.

From Wikipedia under the GNU Free Documentation License
Tue Jul 27 00:41:35 2010

Insurance.....?
Q. Does anyone here have insurance for their dog? How much does it cost or does it depend on different factors (breed, age, etc). If you don't mind tell me what it costs you and what kind of dog you have. Thanks
Asked by Zaphari - Mon May 5 16:59:29 2008 - - 10 Answers - 1 Comments

A. I don't have it and I don't trust it...human insurance is bad enough with all the small print. My dog insurance is Master Card, it's the only "insurance" I'd recommend. It covers everything, literally! Good luck though if you feel you really must purchase insurance!
Answered by Curtis M WINS! FLAWLESS VICTORY! - Mon May 5 17:03:51 2008

How long can you wait to notify a insurance company about a potential claim?
Q. How long can you wait to notify a insurance company about a potential claim? You know how an insurance tell there clients that they have to report a claim(personal injury/premise liablity) or something. Most insurance policies have a requirement that your notify the insurance company of any potential claim within a very short period of time after the incident occurs. I live in NY. How long can you wait to tell them? How much would that short period of time be? Landlord have been recieving letters frommy lawyer and he havent sent them over to his insurance company. This been going on since May 1st of this year. Can the insurance deny him coverage?
Asked by John - Mon Aug 13 00:24:06 2007 - - 2 Answers - 1 Comments

A. If you want any help from insurance, you call them "NOW" Any insurable claim has to be reported so they can be part of initial investigation If you leave them out of the loop, they will leave you out of the loop. What does that mean?? Instead of them helping you, you have to sue them, and that means you have to prove in court, that they have to cover you. It is better and cheaper to have them as partners instead of adversaries
Answered by bob shark - Mon Aug 13 00:33:26 2007

How does business insurance work in a lawsuit?
Q. As a small business, I'm finally getting around to looking at business insurance. God forbid I should get sued, but that would be the only reason I would get insurance at this point. If I get sued (assuming I did nothing wrong that would terminate coverage), what are my responsibilities with regard to paying legal fees? What role will the insurance company play or what control will they have in the litigation process?
Asked by ZeeZee - Fri Apr 17 11:49:10 2009 - - 4 Answers - 0 Comments

A. In the event of a lawsuit the insurance company would undertake your defense and pay the associated legal fees as well as paying for legal counsel. The insurance company has complete legal control in the litigation process, they choose whether to settle or contest the issue in a court of law. In the real world it is rare that an insurance company would actually go to court. In most cases they would seek a settlement. This of course assumes that the incident is covered by your policy. A lawsuit may contain several complaints. The insurance company is obligated to provide a defense for you if any of the claims could be covered, but the company may not be obligated to pay the damages for certain types of claims. Liability policies, for… [cont.]
Answered by Tom Z - Sat Apr 18 15:03:02 2009

From Yahoo Answer Search: "insurance"
Mon Jul 26 04:03:51 2010

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Tue Jul 27 14:45:52 2010

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Wed Jul 28 15:50:37 2010

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From Google Blog Search: "insurance"
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