Definition: Insurance 1199 (in English) is a word used to denote a specific insurance policy that provides financial protection against certain types of losses or damages, such as medical costs, property damage, and personal injury. This type of insurance policy typically covers catastrophic events that cause significant financial loss. In the United States, this term has been widely used in the construction industry, where it refers to a type of risk management plan for commercial buildings. An example of an insurer providing such coverage might include a homeowners' insurance policy that would provide coverage against losses caused by natural disasters or other catastrophic events. The word 'insurance 1199' is derived from the term 'insuranc', which comes from the Latin 'insurandus', meaning 'to protect'. This particular insurance policy is typically referred to as an "insurable loss", which means it can be covered by the insurer under a certain set of conditions.
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