Jumat, 22 Agustus 2008

Definition

insurance


n.
    1. The act, business, or system of insuring.
    2. The state of being insured.
    3. A means of being insured.
    1. Coverage by a contract binding a party to indemnify another against specified loss in return for premiums paid.
    2. The sum or rate for which such a contract insures something.
    3. The periodic premium paid for this coverage.
  1. A protective measure: biking helmets that provide insurance against a head injury.
adj. Sports.

Of, relating to, or being a score that increases a team's lead enough to prevent the opposing team from tying the game with one more score: an insurance run.


Property/Casualty (P&C) Insurance

The United States dominates the world in P&C insurance (also known as general insurance). In 1998 the U.S. generated 43.4 percent of worldwide P&C premiums, Japan was next with 10.3 percent and Germany third with 8.8 percent. P&C insurance is broken down into personal lines (auto/private passenger and homeowners) and commercial lines (farm, commercial auto, aviation, marine/ocean/inland, crime, surety, boiler and machinery, glass, commercial credit, workers' compensation, public liability (including environmental pollution), professional liability (directors and officers, errors and omissions), product liability, commercial multiple-line, nuclear, title, and surplus and excess lines insurance).

House


House generally refers to a shelter or building that is a dwelling or place for habitation by human beings. The term includes many kinds of dwellings ranging from rudimentary huts of nomadic tribes to high-rise apartment buildings. However, the word can also be used as a verb ("to house"), and can have adjectival formations as well. In some contexts, "house" may mean the same as dwelling, residence, home, abode, accommodation, housing, lodging, among other meanings.

The social unit that lives in a house is known as a household. Most commonly, a household is a family unit of some kind, though households can be other social groups, such as single persons, or groups of unrelated individuals. Settled agrarian and industrial societies are composed of household units living permanently in housing of various types, according to a variety of forms of Land tenure. English-speaking people generally call any building they routinely occupy "home". Many people leave their houses during the day for work and recreation but typically return to them to sleep or for other activities.