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

译员蓉婧，欧洲知名商学院国际金融专业，专注翻译各种与美国证券法律有关的法律文件。