against loss by a specified contingency or peril

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GoodTaste

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Feb 19, 2016
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Chinese
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China
Definition of insurance (Entry 1 of 2)
1a: coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril

Source: Merriam-Webster Dictionary

Does the word peril sound old-fashioned to you? It does to me and I am not sure this feeling is correct in English today.
 
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