flood insurance

Insurance that indemnifies against a loss caused by a flood.

• This type of insurance is often sold privately but subsidized by the federal government. [Cases: Insurance 2209–2213. C.J.S. Insurance §§ 60, 1077.]

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词条贡献者

双语律师郭敏，国际知名商学院金融专业，擅长翻译各类与金融衍生品与结构化产品相关的法律文件。