What does insurer mean?

An “insurer” refers to the company providing you with financial coverage in the case of unexpected, bad events covered on your renters insurance or homeowners policy.

What is an example of an insurer?

Well-known life insurers include Northwestern Mutual, Guardian, Prudential, and William Penn. Property and casualty companies insure against accidents of non-physical harm. This can include lawsuits, damage to personal assets, car crashes and more.

What is another name for insurer?

In this page you can discover 15 synonyms, antonyms, idiomatic expressions, and related words for insurer, like: insurance-company, underwriter, insurance firm, insurance underwriter, lender, policyholder, employer, insurance-policy, borrower, broker and reinsurer.

What is the difference between insured and insurer?

Insured is the person who is covered against risk. On the other hand, the insurer is the company that is providing coverage. It is a service that an insurer provides under a particular insurance policy against a premium paid by the policyholder.

Who is an insurer answer?

insureds. The insurer is the one doing the insuring; they issue the policy and pay the claims. The insured is the person (or people) that the policy is covering; they buy the policy and receive money from claims.

Who can insure in insurance?

2) The insured is the person whose life is being covered against the risk under the policy. 3) The insurer is the insurance company that provides the insurance cover. 4) The proposer is the person who takes the cover and is also called the policyholder.

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