What's the difference between insurance and warranty?

Insurance


Definition:

  • (n.) The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.
  • (n.) The premium paid for insuring property or life.
  • (n.) The sum for which life or property is insured.
  • (n.) A guaranty, security, or pledge; assurance.

Example Sentences:

  • (1) Further development of drug formulary concept was discussed, primarily for the drugs paid by the Health Insurance, as well as the unsatisfactory ADR reporting in Yugoslavia.
  • (2) Senator Bernie Sanders of Vermont, who is also seeking the Democratic presidential nomination, recently proposed a bill that would ease the financial burden of prescription drugs on elderly Americans by allowing Medicare, the national social health insurance program, to negotiate with the pharmaceutical companies to keep prices down.
  • (3) The direct monocyte source is not sufficient to insure the stability of this population.
  • (4) Obamacare price hikes show that now is the time to be bold | Celine Gounder Read more No longer able to keep patients off their plans outright, insurers have resorted to other ways to discriminate and avoid paying for necessary treatments.
  • (5) Most survivors reported a range of problems that they attributed to having had cancer: 35%, proven or perceived infertility; 24%, sexual problems; 31%, health and life insurance problems; 26%, a negative socioeconomic effect; and 51%, conditioned nausea, associated with visual or olfactory reminders of chemotherapy.
  • (6) They derive from publications of the National Insurance Institute for Occupational Accidents (INAIL) and refer to the Italian and Umbrian situation.
  • (7) Initial analysis suggests that about one-fifth of gross costs would be directly returned to the public purse via income tax and national insurance payments.
  • (8) The industry will pay a levy of £180m a year, or the equivalent of £10.50 a year on all household insurance policies.
  • (9) The author describes the utilization review process, utilization patterns, and service cost of the Mental Health Service of the Health Insurance Plan of Greater New York (HIP).
  • (10) The four most common types of insurance that protect your income are income protection insurance, critical illness cover, life insurance, and payment protection insurance.
  • (11) Whereas 87% of U.S. physicians supported private fee-for-service health care, 85% of Canadian physicians supported government-funded national health insurance.
  • (12) When I eventually get hold of a human at Uber, I am told the only insurance cover is up to $1m to cover “bodily injury or property damage to third parties where the claim arises out of UberEats and UberRush operations”.
  • (13) The use of accounting software expands the use of in-office computers to areas beyond professional billing and insurance form generation.
  • (14) In a 2013 Politifact interview , the author of the Urban Institute study, Stan Dorn, said: “It makes sense that as time goes by … health insurance coverage has greater impact on health outcomes.” The specific numbers might be hard to agree upon, and even harder to forecast if the Republican bill is passed.
  • (15) Requesting physicians explicitly identified "no money" or "no insurance" as the primary reason for transfer in 89 per cent of 164 cases in which these data were recorded.
  • (16) Relief on contributions, national insurance, tax-exempt lump sums and others amounts to a phenomenal £48.4bn a year.
  • (17) As part of the plan, the treasury and the Federal Deposit Insurance Corporation will guarantee against the "possibility of unusually large losses" on up to $306bn of risky loans and securities backed by commercial and residential mortgages.
  • (18) In March-May 1988, we collected data on enrollment of 1,445 Army families with grade school children in the Active Duty Dependents Dental Insurance Plan at two Army posts.
  • (19) The studies are conducted on members of a prepaid medical insurance plan, and reside in the Oakland area of California, USA.
  • (20) Insurance claims for medical services submitted on behalf of a group of workers in the construction industry were collected over a 20-month period.

Warranty


Definition:

  • (n.) A covenant real, whereby the grantor 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 singe 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.
  • (n.) An engagement or undertaking, express or implied, that a certain fact regarding the subject of a contract is, or shall be, as it is expressly or impliedly declared or promised to be. In sales of goods by persons in possession, there is an implied warranty of title, but, as to the quality of goods, the rule of every sale is, Caveat emptor.
  • (n.) 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 express, should appear in the policy; but there are certain implied warranties.
  • (n.) Justificatory mandate or precept; authority; warrant.
  • (n.) Security; warrant; guaranty.
  • (v. t.) To warrant; to guarantee.

Example Sentences:

  • (1) Many of the reliability issues are covered under Tesla’s overall four-year or 50,000 mile warranty and eight-year unlimited mile battery and drive train warranty takes care of most of the major issues at no cost, according to the report.
  • (2) The deficiencies of the law of warranties for contracts of purchase of horses have led to the situation that more and more purchasers try to shift the risk to the veterinarian by ordering a comprehensive examination of the horse.
  • (3) In the absence of an express warranty the physician could not be held responsible for the birth of the plaintiff's child.
  • (4) Manufacturers often provide their own guarantee, while longer-term guarantees and warranties are usually underwritten by a third party, which will be legally required to honour contracts regardless of what has happened to the retailer who originally sold the product.
  • (5) Those buying travel insurance, and used car and electronic goods warranties – which until now incurred IPT at 17.5% – will now be taxed at 20%.
  • (6) School systems plagued by the asbestos hazards are now filing suits against asbestos manufacturers alleging causes of action in breach of warranty, negligence and strict products liability in tort.
  • (7) "We need to find a way of getting ourselves off the drug of warranties," he says.
  • (8) The warranty period part is a red herring as this is irrelevant when the manufacturer has confirmed the parts were faulty.
  • (9) The safe harbors comprise 11 broad categories--investment interests, space rental, equipment rental, personal services and management contracts, purchase of a medical practice, referral services, warranties, discounts, employees, group purchasing organizations, and waiver of deductibles and coinsurance.
  • (10) Figures support these concepts and prove their warranty.
  • (11) Manufacturers often provide their own guarantee, while longer-term guarantees and warranties are usually underwritten by a third party, which will be legally required to honour contracts regardless of what has happened to the retailer which originally sold the product.
  • (12) Shanks said Ford sold fewer commercial vehicles in China and spent heavily on engineering and warranty costs.
  • (13) Murrells is looking at is the extended warranties sold by its electricals business.
  • (14) This article discusses these warranties and those cases in which hospitals and doctors have been held liable under them.
  • (15) Solar panels came with long warranties and if you have a problem, the manufacturer should be your first port of call - if you can find them.
  • (16) Note that any dealer will undertake any required warranty work – you don't need to go back to the one who supplied the car.
  • (17) The software also includes files for generator specifications, recalls and pulse generator and lead prices and warranties.
  • (18) Such a move would bring car and home insurance premium tax in line with IPT on travel insurance, and electrical and car warranties.
  • (19) By keeping a low profile and avoiding media or activists' attention, she hoped to sign a simple warranty not to drive, as customary.
  • (20) Remedies for recovery in such a case might be based on a breach of implied warranties, strict liability, or negligence.