Outrageously Funny Word Dictionary :: Preinsured

👉 The term "pre-insured" is a legal concept in the United States that refers to situations where an insurance company agrees to pay for certain losses before the actual loss occurs. This is similar to how an insurance policy covers the cost of repairs or replacements after a natural disaster. In this context, preinsured liability typically means that the insurance company has already paid out some amount of money in case of a claim made by an insured party who was at fault for the damage caused. The other party

preinsured