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An “insurer” refers to the person or company providing you with financial support in the case of specific, bad events listed in your insurance policy.

Jun 9, 2023 · What Does Insurer Mean? An insurer is a party that agrees to compensate people, companies or other organizations for specific financial losses. A financial loss would include the destruction of a home due to a fire or a vehicle to an accident — any event that would put the client in a lesser financial state than before the event occurred.

Nov 26, 2024 · Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. There are many types of insurance policies. Life, health,...

The meaning of INSURER is one that insures; specifically : an insurance underwriter. How to use insurer in a sentence.

Dec 5, 2024 · The insurer is the party, usually a company, that develops insurance policies, sets rates, and underwrites the coverage. The insured is the person who’s covered by and receives the benefits of the policy. If the insured suffers a covered loss, then the insurer pays the claim.

INSURER definition: 1. a person or company that insures someone or something: 2. a person or company that insures…. Learn more.

Aug 1, 2023 · In the insurance world, an insurer is vital in providing financial protection to individuals, businesses, and organizations against potential risks. Understanding what an insurer is is essential for anyone seeking insurance coverage or interested in the insurance industry.

Feb 11, 2025 · An insurer is a firm or a party that guarantees financial protection for agreed-upon risks, whereas the insured party - whether a person, business, or organization - is the one who benefits from this protection when covered losses occur.

The insurer is the party in an insurance contract that promises to pay compensation. The insurer is an entity, usually an insurance company, that underwrites the insured risk. By contrast, the insured is a person or organization whose life, health …