insurance

American  

[in-shoor-uhns, -shur-] / ɪnˈʃʊər əns, -ˈʃɜr- /

noun

1. the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.

2. coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract.

3. the contract itself, set forth in a written or printed agreement or policy.

4. the amount for which anything is insured. insured.

5. an insurance premium.

6. any means of guaranteeing against loss or harm.

   Taking vitamin C is viewed as an insurance against catching colds.

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adjective

1. of or relating to a score that increases a team's lead and insures that the lead will be held if the opposing team should score once more.

   The home run gave the team an insurance run, making the score 7-5.

insurance British  

/ ɪnˈʃʊərəns, -ˈʃɔː- /

noun

1. 1. the act, system, or business of providing financial protection for property, life, health, etc, against specified contingencies, such as death, loss, or damage, and involving payment of regular premiums in return for a policy guaranteeing such protection

   2. the state of having such protection

   3. Also called: insurance policy.  the policy providing such protection

   4. the pecuniary amount of such protection

   5. the premium payable in return for such protection

   6. ( as modifier )

      insurance agent

      insurance broker

      insurance company

2. a means of protecting or safeguarding against risk or injury

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Other Word Forms

• noninsurance noun
• preinsurance noun
• proinsurance adjective

Etymology

Origin of insurance

First recorded in 1545–55; insure + -ance

Example Sentences

"We don't get any reduction on rents. We have to pay full rents and then you've got business rates, the insurance, all those sort of things." she said.

From BBC

Fears of AI disruption have rolled across software, private credit, insurance and wealth-management firms in recent weeks.

From The Wall Street Journal

Allen, whose district includes the Palisades fire zone, has a platform that calls stabilization of the insurance market, which has seen carriers drop policyholders in fire-prone neighborhoods, while cracking down on insurer wrongdoing.

From Los Angeles Times

More recently, wealth managers, insurance brokers, and property service firms have come under scrutiny External link for their vulnerability to AI.

From Barron's

Plus, you will have private healthcare insurance to pay for between then and the age of 65, which could cost anywhere from $600 to $1,000 a month, depending on the plan.

From MarketWatch

Related Words

• allowance
• coverage
• guarantee