What does Insurance mean?
Definitions for Insurance
ɪnˈʃʊər əns, -ˈʃɜr-in·sur·ance
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Insurance.
Princeton's WordNet
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
policy, insurance policy, insurancenoun
written contract or certificate of insurance
"you should have read the small print on your policy"
indemnity, insurancenoun
protection against future loss
GCIDE
Insurancenoun
Hence: Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury.
Wiktionary
insurancenoun
A means of indemnity against a future occurrence of an uncertain event.
The car was totalled, but fortunately I had insurance.
insurancenoun
The business of providing insurance.
After five years in banking, I switched to insurance.
insurancenoun
Metaphoric: Any attempt to anticipate an unfavorable event.
The sky was clear, but I took my umbrella for insurance.
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.
insurancenoun
An insurance policy
Etymology: From old form ensurance, see also assurance.
Wikipedia
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.
ChatGPT
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 Dictionary
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
Insurancenoun
the premium paid for insuring property or life
Insurancenoun
the sum for which life or property is insured
Insurancenoun
a guaranty, security, or pledge; assurance
Etymology: [From Insure.]
Wikidata
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 Medicine
Insurance
Coverage by contract whereby one part indemnifies or guarantees another against loss by a specified contingency.
Dictionary of Nautical Terms
insurance
See MARINE INSURANCE.
Matched Categories
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'Insurance' in Spoken Corpus Frequency: #1557
Written Corpus Frequency
Rank popularity for the word 'Insurance' in Written Corpus Frequency: #1132
Nouns Frequency
Rank popularity for the word 'Insurance' in Nouns Frequency: #660
Anagrams for Insurance »
nuisancer
Numerology
Chaldean Numerology
The numerical value of Insurance in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of Insurance in Pythagorean Numerology is: 5
Examples of Insurance in a Sentence
The systems that I like the most are actually the kind of systems they have in Germany or Switzerland, where they actually afford patients the opportunity to, to get insurance from many different companies, but they have to buy one type of insurance or another. You know, so we don't have the option as consumers to not have coverage, but the government has the obligation [ to ] and so do es [ sic ] the insurance companies providing coverage to us. I think we can make this happen in America.
It's a triage tool that allows us to maintain social distancing, patients love it. ... It's quick and convenient and also covered by the majority of insurance companies, or inexpensive cash pay. One of our concerns with everyone putting off coming in is the chance of missing something.
Well, in addition to the NRA, the health insurance companies, the drug companies, the Iranians -- probably the Republicans.
Relationships end and you don’t have to hope for the ending, but you should probably think about some insurance about the ending just in case, no one wants to gets in a car crash, but we get insurance.
What Colorado families want is maximal choice for themselves and their families, they want to have a robust, strong public option because not all of them want to be subject to private insurance.
Popularity rank by frequency of use
References
Translations for Insurance
From our Multilingual Translation Dictionary
- تأمينArabic
- assegurançaCatalan, Valencian
- pojišťovna, pojištěníCzech
- forsikringDanish
- VersicherungGerman
- asekuroEsperanto
- seguroSpanish
- بیمهPersian
- vakuutusala, vakuutusFinnish
- assuranceFrench
- táille árachais, árachasIrish
- बीमाHindi
- biztosításHungarian
- ապահովագրում, ապահովագրությունArmenian
- PertanggunganIndonesian
- asekuroIdo
- tryggingIcelandic
- assicurazioneItalian
- ביטוחHebrew
- 保険, 保険業Japanese
- დაზღვევაGeorgian
- ការរ៉ាប់រង, ការធានាKhmer
- ವಿಮೆKannada
- 보험업계, 보험Korean
- draudimas, draudaLithuanian
- apdrošināšanaLatvian
- осигурувањеMacedonian
- insuransMalay
- verzekeringDutch
- forsikringNorwegian
- ubezpieczeniePolish
- seguroPortuguese
- asigurareRomanian
- страхование, страховкаRussian
- osiguranjeSerbo-Croatian
- försäkringSwedish
- bimaSwahili
- காப்புறுதிTamil
- భీమాTelugu
- ประกันภัยThai
- sigorta, sigortacılıkTurkish
- страхуванняUkrainian
- انشورنسUrdu
- bảo hiểmVietnamese
- sur, lefilisurVolapük
- פאַרזיכערונגYiddish
- 保險Chinese
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"Insurance." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/Insurance>.
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