Insurance vs Warranty - What's the difference?
insurance | warranty |
A means of indemnity against a future occurrence of an uncertain event.
*{{quote-magazine, date=2012-01
, author=Philip E. Mirowski
, title=Harms to Health from the Pursuit of Profits
, volume=100, issue=1, page=87
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The business of providing insurance.
Metaphoric: Any attempt to anticipate an unfavorable event.
Blackjack: A bet made after the deal, which pays off if the dealer has blackjack.
(countable) An insurance policy
* {{quote-news, year=2009, date=February 18, author=Cheryl Critchley, title=Free child care for Victorian bushfire victims, work=Herald Sun
, passage="The children need to get back to some level of normalcy and their families can certainly use some respite to deal with things such as insurances , licences and other things they have lost," he said. }}
Security; warrant; guarantee.
(obsolete, legal) A covenant real, whereby the granter of an estate of freehold and his heirs were bound to warrant and defend the title, and, in case of eviction by title paramount, to yield other lands of equal value in recompense. This warranty has long since become obsolete, and its place supplied by personal covenants for title. Among these is the covenant of warranty, which runs with the land, and is in the nature of a real covenant.
(legal) An engagement or undertaking, expressed or implied, that a certain fact regarding the subject of a contract is, or shall be, as it is expressly implied or promised to be. In sales of goods by persons in possession, there is an implied warranty of title.
(insurance law) A stipulation or engagement by a party insured, that certain things, relating to the subject of insurance, or affecting the risk, exist, or shall exist, or have been done, or shall be done. These warranties, when expressed, should appear in the policy; but there are certain implied warranties.
(rare) Justifying mandate or precept; authority; warrant. Shakespeare
To warrant; to guarantee.
As nouns the difference between insurance and warranty
is that insurance is a means of indemnity against a future occurrence of an uncertain event while warranty is security; warrant; guarantee.As a verb warranty is
to warrant; to guarantee.insurance
English
Noun
(wikipedia insurance) (en-noun)citation, passage=In an era when political leaders promise deliverance from decline through America’s purported preeminence in scientific research, the news that science is in deep trouble in the United States has been as unwelcome as a diagnosis of leukemia following the loss of health insurance .}}
- The car was totalled, but fortunately I had insurance .
- After five years in banking, I switched to insurance .
- The sky was clear, but I took my umbrella for insurance .
- I only take insurance if the count is right.
citation
Derived terms
{{der3, automobile insurance , car insurance , casualty insurance , credit insurance , earthquake insurance , fire insurance , flood insurance , freight insurance , group insurance , health insurance , insure , insurer , insurance adjuster , insurance agent , insurance agency , insurance claim , insurance company , insurance fraud , insurance plan , insurance policy , insurance premium , insurance scam , liability insurance , life insurance , malpractice insurance , no-fault insurance , pet insurance , property insurance , reinsurance , term life insurance , transportation insurance , unemployment insurance , whole-life insurance , insurance agency}}See also
* actuary * annuity * broker * float * underwriter * workers’ compensationwarranty
English
Noun
(warranties)- The stamp was a warranty of the public. -(John Locke).
- If they disobey precept, that is no excuse to us, nor gives us any warranty . . . to disobey likewise. -Kettlewe.