Insurance meaning

ĭn-sho͝orəns
The definition of insurance is protection against something going wrong.

When you pay premiums in exchange for a policy that pays out when you crash your car in a car accident, this is an example of an auto insurance policy.

When you save money in case you lose your job and are out of work, this is an example of insurance in case you lose your job.

noun
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A protective measure.

Biking helmets that provide insurance against a head injury.

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The amount for which life, property, etc. is insured.
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Being a point or score that increases one competitor's lead enough to prevent the opponent from achieving a tie with one more score.

An insurance run.

adjective
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An insuring or being insured against loss.
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The business of insuring against loss.
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A product that a person or business buys, typically through monthly payments, that provides financial protection against risks. The monthly payments, called premiums, are made by a large group, which spreads out the risk for the company issuing the insurance. Losses are paid for from premium revenue that has been invested to earn a return that will cover the insurance company’s expenses and produce a profit. Consumers can buy insurance to protect against financial loss due to health issues, car accidents, damage to a home, and to protect against the negative financial effect of a relative’s death, among other things. Businesses can buy insurance to protect their property against damage and theft and to protect themselves against liability.
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An agreement by an insurer to provide compensation or another benefit upon the occurrence of a specified risk causing harm to property or the person of an insured.
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Insurance for loss or injury to person or property.
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Insurance which protects against loss, as opposed to insurance against one’s liability to others.
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Insurance which protects against one’s liability to others, as with automobile insurance that provides coverage for accidents in which the policyholder is at fault, or homeowners’ insurance, which provides coverage for injury to those who are injured while on the homeowner’s property.
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Insurance for loss of life.
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A means of indemnity against a future occurrence of an uncertain event.

The car was totalled, but fortunately I had insurance.

noun
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The business of providing insurance.

After five years in banking, I switched to insurance.

noun
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Metaphoric: Any attempt to anticipate an unfavorable event.

The sky was clear, but I took my umbrella for insurance.

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Blackjack: A bet made after the deal, which pays off if the dealer has blackjack.

I only take insurance if the count is right.

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(countable) An insurance policy.
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Origin of insurance