Fire insurance
Insurance In*sur"ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. {Assurance}, n., 6. [1913 Webster]

Note: The person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy. --Johnson's Cyc. [1913 Webster]

2. The premium paid for insuring property or life. [1913 Webster]

3. The sum for which life or property is insured. [1913 Webster]

4. A guaranty, security, or pledge; assurance. [Obs.] [1913 Webster]

The most acceptable insurance of the divine protection. --Mickle. [1913 Webster]

5. Hence: Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury. [PJC]

{Accident insurance}, insurance against pecuniary loss by reason of accident to the person.

{Endowment insurance} or {Endowment assurance}, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. Also called {whole life insurance}.

{Fire insurance}. See under {Fire}.

{Insurance broker}, a broker or agent who effects insurance.

{Insurance company}, a company or corporation whose business it is to insure against loss, damage, or death.

{Insurance policy}, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured.

{Life insurance}. See under {Life}. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Fire insurance — Fire Fire (f[imac]r), n. [OE. fir, fyr, fur AS. f[=y]r; akin to D. vuur, OS. & OHG. fiur, G. feuer, Icel. f[=y]ri, f[=u]rr, Gr. py^r, and perh. to L. purus pure, E. pure Cf. {Empyrean}, {Pyre}.] 1. The evolution of light and heat in the… …   The Collaborative International Dictionary of English

  • Fire Insurance — Insurance that is used to cover damage to a property caused by fire. Fire insurance is a specialized form of insurance beyond property insurance, and is designed to cover the cost of replacement, reconstruction or repair beyond what is covered by …   Investment dictionary

  • fire insurance — ➔ insurance * * * fire insurance UK US noun [U] ► INSURANCE, WORKPLACE insurance that pays for damage caused by fire: »Storage companies charge a fixed premium for fire insurance, linked to the value of the items stored …   Financial and business terms

  • fire insurance — insurance covering any loss or damage caused by fire. [1790 1800] * * *       provision against losses caused by fire, lightning, and the removal of property from premises endangered by fire. The insurer agrees, for a fee, to reimburse the… …   Universalium

  • fire insurance — An insurance policy that pays the beneficiary of the policy if property covered by the policy is damaged by fire. Fire insurance often covers damage caused other events as well, such as wind or rain damage. Category: Accidents & Injuries Category …   Law dictionary

  • fire insurance — n. insurance against loss or damage resulting from fire …   English World dictionary

  • fire insurance — noun insurance against loss due to fire • Hypernyms: ↑insurance * * * noun : insurance against loss from damage or destruction of specified property by fire * * * insurance covering any loss or damage caused by fire. [1790 1800] * * * fire… …   Useful english dictionary

  • fire insurance — An insurance policy covering financial losses caused by damage to property by fires. Most fire insurance policies also include cover for damage caused by lightning and explosions of boilers or gas used for domestic purposes. On payment of an… …   Big dictionary of business and management

  • fire insurance — insurance which insures property in case of fire …   English contemporary dictionary

  • fire insurance — /ˈfaɪər ɪnʃɔrəns/ (say fuyuhr inshawruhns) noun insurance covering loss or damage through fire …   Australian English dictionary

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