insurance
Policy against loss
Insurance is protection against potential loss, typically through a contract where one party pays premiums and the other promises compensation if specified misfortunes occur: health insurance, car insurance, life insurance.
The term extends to any safeguard against unwanted outcomes: I brought an umbrella as insurance against rain.
To take out insurance is to purchase a policy.
Added cost for better
- deductibleOut-of-pocket threshold amount
- beneficiaryDesignated asset receiver
- underwriterOne who assumes financial risk
- claimStatement of ownership or truth
coverage · exclusions · rider · endorsement · actuary · adjuster · indemnity · liability
Extent of inclusion
- safeguardPrecaution against harm
- bufferProtective intermediate space
- backstopBarrier behind target area
- indemnificationCompensation for loss suffered
compensation · reimbursement · guarantee · hedge · umbrella · blanket · comprehensive · collision
Network-based insurance plan
- PPOPreferred provider organization
- MedicareFederal senior health program
- MedicaidPublic health coverage for poor
- copaymentPatient's fixed healthcare charge
coinsurance · provider · network · prescription · formulary · preexisting · enrollment · COBRA
Source of potential harm
- exposureState of being unprotected
- perilSerious threat of harm
- liabilityLegal or financial obligation
- catastropheDevastating, large-scale misfortune
loss · accident · probability · assessment · mitigation · pooling · diversification · volatility
Self-assurance or trust
- certaintyTotal absence of doubt
- guaranteeFormal promise of fulfillment
- securityProtection from threat
- reliabilityConsistent, predictable performance
Refusing loans by neighborhood
- segregationForced separation by group
- blacklistingFormally marking for rejection
- denialRefusal to accept reality
- exclusionBeing barred from participation
premium
Added cost for better
- deductibleOut-of-pocket threshold amount
- beneficiaryDesignated asset receiver
- underwriterOne who assumes financial risk
claim · coverage · exclusions · rider · endorsement · actuary · adjuster · indemnity · liability · renewal
coverage
Extent of inclusion
- safeguardPrecaution against harm
- bufferProtective intermediate space
- backstopBarrier behind target area
indemnification · compensation · reimbursement · guarantee · hedge · umbrella · blanket · comprehensive · collision · replacement
HMO
Network-based insurance plan
- PPOPreferred provider organization
- MedicareFederal senior health program
- MedicaidPublic health coverage for poor
copayment · coinsurance · provider · network · prescription · formulary · preexisting · enrollment · COBRA · out-of-pocket
hazard
Source of potential harm
catastrophe · loss · accident · probability · assessment · mitigation · pooling · diversification · volatility · default
confidence
Self-assurance or trust
reliability · promise · trust · comfort · stability
redlining
Refusing loans by neighborhood
- segregationForced separation by group
- blacklistingFormally marking for rejection
- denialRefusal to accept reality
- expensesexpenses, expense, expenditure, cost, costs
- Money & Financecurrency, cash, coins, bills, wages
- car rentalcar rental, rental car, car hire, rental period, pickup
- adultingpaying bills, taxes, budgeting, grocery shopping, cooking
- business expensespayroll, office rent, salaries, wages, office supplies
- Cost of Livingrent, utilities, gas prices, groceries, housing
insuranceexposure
State of being unprotected
underinsurance · vulnerability · unprotected · uncovered · self-insurance
insuranceuncertainty
State of being unsure
insecurity · precariousness · jeopardy · peril · risk
insurancegambling
Betting on uncertain results
recklessness · speculation · negligence · improvidence · carelessness
- car insurancePolicy covering vehicle damage
- health insuranceProtection against medical costs
- life insuranceContract paying upon death
- insurance carrierCompany providing coverage
- insurance policyAgreement guaranteeing financial protection
- FDIC insuranceFederal protection for bank accounts
insurances, reinsurance, insurance policy, insurance policies, insurance fraud, insurance companies, insurance company, insurance broker, overinsurance