Definitions for INSURANCE
ɪnˈʃʊər əns, -ˈʃɜr-in·sur·ance

Princeton's WordNetRate this definition:0.0 / 0 votes

1. insurancenoun

   promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

2. policy, insurance policy, insurancenoun

   written contract or certificate of insurance

   "you should have read the small print on your policy"

3. indemnity, insurancenoun

   protection against future loss

GCIDERate this definition:0.0 / 0 votes

1. Insurancenoun

   Hence: Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury.

WiktionaryRate this definition:0.0 / 0 votes

1. insurancenoun

   A means of indemnity against a future occurrence of an uncertain event.

   The car was totalled, but fortunately I had insurance.

2. insurancenoun

   The business of providing insurance.

   After five years in banking, I switched to insurance.

3. insurancenoun

   Metaphoric: Any attempt to anticipate an unfavorable event.

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

4. insurancenoun

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

   I only take insurance if the count is right.

5. insurancenoun

   An insurance policy

6. Etymology: From old form ensurance, see also assurance.

WikipediaRate this definition:0.0 / 0 votes

1. Insurance

   Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.

ChatGPTRate this definition:0.0 / 0 votes

1. insurance

   Insurance is a contract, referred to as a policy, in which an individual or entity receives financial protection or reimbursement against losses from an insurance company. The company pools clients' risks to make payments more affordable for the insured. These risks can cover a wide range of situations such as property damage, health issues, accidents, legal liabilities, or even death. The insured party pays a premium in exchange for the promise of payment in case of a covered loss.

Webster DictionaryRate this definition:0.0 / 0 votes

1. Insurancenoun

   the act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6

2. Insurancenoun

   the premium paid for insuring property or life

3. Insurancenoun

   the sum for which life or property is insured

4. Insurancenoun

   a guaranty, security, or pledge; assurance

5. Etymology: [From Insure.]

WikidataRate this definition:0.0 / 0 votes

1. Insurance

   Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for payment. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An insurer, or insurance carrier, is a company selling the insurance; the insured, or policyholder, is the person or entity buying the insurance policy. The amount of money to be charged for a certain amount of insurance coverage is called the premium. Risk management, the practice of appraising and controlling risk, has evolved as a discrete field of study and practice. The transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurer in exchange for the insurer's promise to compensate the insured in the case of a financial loss. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insured will be financially compensated.

U.S. National Library of MedicineRate this definition:0.0 / 0 votes

1. Insurance

   Coverage by contract whereby one part indemnifies or guarantees another against loss by a specified contingency.

Dictionary of Nautical TermsRate this definition:0.0 / 0 votes

1. insurance

   See MARINE INSURANCE.

Matched Categories

1. • Contract
   • Protection

British National Corpus

1. Spoken Corpus Frequency

   Rank popularity for the word 'INSURANCE' in Spoken Corpus Frequency: #1557

2. Written Corpus Frequency

   Rank popularity for the word 'INSURANCE' in Written Corpus Frequency: #1132

3. Nouns Frequency

   Rank popularity for the word 'INSURANCE' in Nouns Frequency: #660

Anagrams for INSURANCE »

1. nuisancer

How to pronounce INSURANCE?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say INSURANCE in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of INSURANCE in Chaldean Numerology is: 4

2. Pythagorean Numerology

   The numerical value of INSURANCE in Pythagorean Numerology is: 5

Examples of INSURANCE in a Sentence

1. Betsy Smith:

   To restructure a public safety organization, it will take years, the city is still going to have to deal with the promises they made to these police officers as far as pension and insurance. Now you're going to have to spend a lot of money on [ new ] training. Just think about how much it's going to cost to change the name of everything on patches, cars, business cards, doorways.

2. Michael Bennet:

   I feel awfully lucky that I had health insurance. It did cost $ 92,000, and if my family hadn't been insured, it would have been a disaster for us -- and it would have been a real disaster for most American families, i think about not only that, but what it would mean if you were an American citizen and you didn't have a primary care doctor who could give you a screening that let you know I had cancer.

3. President Obama:

   Now that Republicans are in charge, they got to take a look and say, let's see. We got 20 million people who have health insurance who didn't have it before, health care costs generally have gone up at a significantly slower rate since ObamaCare was passed than they did before, which has saved the federal Treasury hundreds of billions of dollars.

4. Andrew Brooker:

   The marine insurance market does not like [ to carry the risk of ] 50-year-old barges being towed across 1,000 kilometers of open ocean in typhoon season.

5. Erica Fleishman:

   The insurance industry and the building industry and communities and lawmakers are all going to need to have the will to create these changes.

Popularity rank by frequency of use

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=INSURANCE
2. ^ GCIDE
   https://gcide.gnu.org.ua/?q=INSURANCE
3. ^ Wiktionary
   https://en.wiktionary.org/wiki/Insurance
4. ^ Wikipedia
   https://en.wikipedia.org/wiki/Insurance
5. ^ ChatGPT
   https://chat.openai.com
6. ^ Webster Dictionary
   https://www.merriam-webster.com/dictionary/INSURANCE
7. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=INSURANCE
8. ^ Dictionary of Nautical Terms
   https://www.gutenberg.org/cache/epub/26000/pg26000-images.html#:~:text=INSURANCE