Definition: Insurance nearby refers to a situation where someone's health, property, or financial security are at risk due to an event that has happened in another part of their home state or country. This could be something as simple as an earthquake, hurricane, or flooding, but it can also refer to more serious events such as terrorism, natural disasters, or civil unrest. The word "insurance near by" means that the situation is not completely out of the question and there are measures in place to protect the affected person or household from potential financial losses. It could mean having insurance coverage, being prepared for emergencies, or taking steps to secure personal property. The term comes from the phrase "nearby," which refers to something near or nearby. For example, if you had a car accident and were near your home when it happened, you would be considered to have insurance near by because there are measures in place to protect your financial security. Similarly, if someone was injured while traveling abroad and their destination country is not covered by their existing health insurance policies, they could potentially file a claim with the insurance company and receive coverage for medical expenses. In summary, "insurance near by" means that the situation is not entirely out of the question and there are measures in place to protect the affected person or household from potential financial losses.
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