insurance
/ɪnˈʃɚrəns/
noun
insurance
/ɪnˈʃɚrəns/
noun
Britannica Dictionary definition of INSURANCE
[noncount]
1
:
an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen
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life insurance
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insurance against theft or damage
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health/medical insurance
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auto insurance
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He was very glad that he had taken out insurance on the boat. [=that he had insured the boat]
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— see also national insurance
2
a
:
the amount of money a person regularly pays an insurance company as part of an insurance agreement
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What's the monthly insurance on your car? [=how much money do you pay each month for insurance for your car?]
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b
:
the amount of money that a person receives from an insurance company
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After the fire, we used the insurance (money) to buy a new house.
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3
:
the business of providing insurance
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She has a job in insurance.
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I work for an insurance company.
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4
:
protection from bad things that may happen in the future
— usually + against
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Education provides insurance against instability in the job market.
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The contract provides insurance against future price changes.
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