👉 Reguaranteeing is a legal concept in insurance law that refers to an agreement between an insurer and an insured where the insurer guarantees to pay out any losses or damages that are incurred by the insured due to certain events, conditions, or risks. This agreement is typically entered into when the parties have agreed on the terms of the policy, including the coverage amount, payment schedule, and other conditions. In insurance law, reguaranteeing can be used in a number of ways, depending on the
