Definition: Insurance (n.) is a policy that provides financial protection against risks in exchange for payment to the insurer if the risks are covered by an insurance policy. Tags first: Tag is an abbreviation for tag, which means "thing" or "item". In the context of insurance, tags are typically used to identify different types of coverage and services offered through insurance. For example, a policy with tags A, B, C, and D might cover the costs of medical care, home repairs, car accidents, and so on. Definition: Tags first refers to an insurance policy that specifies the type of coverage, the deductible, and the payment terms as part of an agreement between the insurer and the policyholder. The term is also used in the context of providing financial protection against risks, such as property damage or illness.
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