Definition: The word "insurance elevated" comes from insurance and refers to a situation where an increase in the premiums or charges for insurance coverage has caused the price to rise above its original value. Here are some detailed definitions: - Insurance: It is a financial product that provides protection against loss due to risks such as natural disasters, theft, and illness. It can be purchased through a company's website, by signing up for an online subscription, or by purchasing an insurance policy from the insurance company. - Elevation: In terms of insurance policies, elevating premiums means raising them above their original rates. - Insurance Premiums: These are the amounts paid by consumers to cover expenses like medical bills and lost income due to a particular event. The higher the premium, the higher the expense will be if that event occurs again. - Elevation: In insurance terms, an increase in premiums or charges for coverage can lead to a situation where prices rise above their original value. - Insurance Coverage: It refers to the amount of money that is covered by insurance policies. In summary, "insurance elevated" is when the price of an insurance policy or coverage increases beyond its original value, causing it to rise above its normal cost.