An insurance contract. This term can also be used to describe the act of incorporating something in a contract of insurance, for example, a newly acquired vehicle. It can also mean to provide coverage to an insured person.
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(01) Insurance contract. (02) To effect insurance, that is, to cover an insurance, for instance, for Household Insurance effective as of a given time (03) To include within the coverage a contract of insurance. For example, one could cover additional godowns under a Fire insurance contract.