Definitions
from The Century Dictionary.
- noun A written instrument whereby, in consideration of a single payment or of periodical payments of premiums, an insurance company engages, under certain specified conditions, to make good to the insured person such loss as may occur by fire to his property, described in the policy, within the period therein specified, and usually not exceeding a specified sum.
Etymologies
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Examples
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Jean Jacques had done a good fire-insurance business over a course of years, but somehow he had not insured himself as heavily as he ought to have done; and in any case the fire-policy for the mill was not in his own hands.
The Money Master, Complete Gilbert Parker 1897
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