Warning

Info

LSDefine

Simple English definitions for legal terms

insurance policy

Read a random definition: dotation

A quick definition of insurance policy:

An insurance policy is a contract between you and an insurance company. It's like an agreement that says if something bad happens to you or your things, the insurance company will help you pay for it. The policy is usually written down on a piece of paper, and it explains what the insurance company will cover and how much you have to pay them. There are many different types of insurance policies, like ones for your car, your home, or your health.

A more thorough explanation:

An insurance policy is a contract between an insurer and a policyholder. It is a document that details the terms and conditions of the contract. The policyholder pays a premium to the insurer, and in return, the insurer agrees to provide coverage for certain risks or losses.

  • Accident policy: This type of policy provides coverage for bodily injuries sustained during the policy term.
  • Homeowner's policy: This policy provides coverage for risks such as fire, water damage, burglary, and personal injury caused by the homeowner's negligence.
  • Commercial general-liability policy: This policy covers most commercial risks, liabilities, and causes of loss, including situations where a business is liable to a third party for personal injury or property damage.

These examples illustrate how insurance policies provide coverage for specific risks or losses. The policyholder pays a premium to the insurer, and in return, the insurer agrees to provide coverage for those risks or losses. The terms and conditions of the policy are detailed in the contract.

insurance of the person | insurance underwriter

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
manifestmoreadmissions
17:04
oh its one of my least favorite things about the application process! the LSAC converts your undergrad transcript to their own scale, which goes up to a 4.3 to accommodate schools that do +/-
how do they convert? say i have a 3.25 / 4.0...do they have a formula? and is that normal for all schools now
manifestmoreadmissions
17:07
idk how common it is, i know my undergrad didnt do +/- and i graduated a couple years ago, lemme see if i can find the LSAC's official explanation of their gpa scale. it basically includes any credit attempted even if it didnt factor into your school's calculation of your gpa, so if your school only takes the most recent grade from a retaken class, or doesn't assign value to a failed pass/fail class, etc
thank you, friend
manifestmoreadmissions
17:08
if you have your complete unofficial transcript you cans search up some calculators online that would give you an estimate. also if you did anything for college credit in high school/like dual enrolled it would calculate that too even if your undergrad institution didn't give you a grade for it
manifestmoreadmissions
17:10
also ahhhh its COB and i havent heard anything from georgetown and they said we'd hear back by this week lwhbrve2purbqpiubvrew
whats COB
manifestmoreadmissions
17:31
"close of business" like the end of the business day
oh gotcha. Hope you get in
manifestmoreadmissions
17:31
ig i dont actually know what their admissions offices hours are though
manifestmoreadmissions
17:34
and thank you!! sorry i didnt see your last messag
manifestmoreadmissions
17:34
*message damn i have sausage fingers today
trees1234567
17:39
@manifestmoreadmissions: they are rereading your application to ensure your A rn
manifestmoreadmissions
17:40
trees ily
17:56
my gulc app never went back to app complete from decision rendered, so i'm not expecting anything from them (not yet anyway)
17:56
it would be nice if i did hear back tho lol
manifestmoreadmissions
18:07
i also have no change but ig no news is better than bad news
manifestmoreadmissions
18:08
adcomms? slower than anticipated? nawwwww
manifestmoreadmissions
18:08
that Vandy WL=>A is cool though congrats
18:54
@DisillusionedHomelessWalnut: for example, UCLA does an undergrad grading scale that caps at a 4.0 for both an A and A+ grade. If you get all A+'s at UCLA, you have something in the 4.0-4.3 range according to LSAC.
18:57
My community college on the other hand, does a grading scale that goes A-, A, A+ = 4.0 so at the time I worked just to get like an A- but LSAC scales A-'s down to like 3.7.
18:57
I could be completely wrong though.
Just got my ND waitlist
Kind of sad because I even visted the school last week
manifestmoreadmissions
20:06
that is brutal im so sorry
Ohio has not responded still
and to me its kind of crazy
[] ararara
21:53
Somebody was telling me it’s a good idea to start taking practice exams 8 weeks into 1L if your grades are decided by test taking. Thoughts?
[] ararara
21:54
@HurriedNippyPirate: just finished working, not sure if you’re on EST but it’s Friday night! Definitely idea to touch some grass. Report to your nearest dance floor! I think it’s important to take it easy sometimes.
LSD+ is ad-free, with DMs, discounts, case briefs & more.