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

  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

GCIDE

  1. Insurancenoun

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

Wiktionary

  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.

Wikipedia

  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.

Webster Dictionary

  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.]

Wikidata

  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 Medicine

  1. Insurance

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

Dictionary of Nautical Terms

  1. insurance

    See MARINE INSURANCE.

Matched Categories

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

How to pronounce insurance?

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. Stan Sandberg:

    Most insurance plans are treating the Zika as any other illness in the respective plan's terms and conditions.

  2. Lindsey Graham:

    If you got a bar that's closed, bar owner goes in and applies for a loan, which will become a grant most likely. And you have to use the money to pay payroll. The people never go into the unemployment insurance system. They get a check from their employer and when this is over they go right back to work. That is a good idea for some. And those that won't work for go to unemployment insurance.

  3. Stephanie Cutter:

    Now there is a requirement for people to take responsibility, which you know most people have insurance, so do you agree with the mandate idea? That is a Republican idea, came out of the Heritage Foundation, one of our co-hosts, Newt Gingrich, was behind it. And the ban on preexisting conditions? Do you agree with those two provisions?

  4. Robert Blendon:

    Republicans will have to move quickly because they can't look like they are sitting around making political calculations while people are losing their insurance, they won't be able to say 'call us in 2017.' It's going to be a very explosive and pressing issue.

  5. George Avgoustis:

    We have lawyers handling, and they say the early days of insurance claims are always all smiles.

Popularity rank by frequency of use

insurance#1#383#10000

Translations for insurance

From our Multilingual Translation Dictionary

Get even more translations for insurance »

Translation

Find a translation for the insurance definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"insurance." Definitions.net. STANDS4 LLC, 2024. Web. 6 May 2024. <https://www.definitions.net/definition/insurance>.

Discuss these insurance definitions with the community:

0 Comments

    Are we missing a good definition for insurance? Don't keep it to yourself...

    Image or illustration of

    insurance

    Credit »

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    take away to an undisclosed location against their will and usually in order to extract a ransom
    A abase
    B abash
    C denudate
    D abduct

    Nearby & related entries:

    Alternative searches for insurance: