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, insurance(noun)
written contract or certificate of insurance
"you should have read the small print on your policy"
protection against future loss
Hence: Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury.
Origin: [From Insure.]
A means of indemnity against a future occurrence of an uncertain event.
The car was totalled, but fortunately I had insurance.
The business of providing insurance.
After five years in banking, I switched to insurance.
Metaphoric: Any attempt to anticipate an unfavorable event.
The sky was clear, but I took my umbrella for insurance.
Blackjack: A bet made after the deal, which pays off if the dealer has blackjack.
I only take insurance if the count is right.
An insurance policy
Origin: From old form ensurance, see also assurance.
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
the premium paid for insuring property or life
the sum for which life or property is insured
a guaranty, security, or pledge; assurance
Origin: [From Insure.]
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
Coverage by contract whereby one part indemnifies or guarantees another against loss by a specified contingency.
Dictionary of Nautical Terms
See MARINE INSURANCE.
Agreed coverage by contract where one party agrees to pay another for specific criteria or terms and conditions should they occur under the terms of the contract.
There are a wide variety of different types of insurance for a variety of purposes.
A type of contract created where one party agrees to pay another a specific sum of money periodically based on the possibility of specific occurrences which could happen and a guarantee of services and money payable should they happen stated in a legal document or contract with accurate, just and specific criteria or terms and conditions.
Insurance products vary for car or vehicle insurance, freight insurance, home insurance and various other types of insurance.Submitted by MC Harmonious on February 3, 2017
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
Rank popularity for the word 'insurance' in Nouns Frequency: #660
The numerical value of insurance in Chaldean Numerology is: 4
The numerical value of insurance in Pythagorean Numerology is: 5
Examples of insurance in a Sentence
Popularity rank by frequency of use
Translations for insurance
From our Multilingual Translation Dictionary
- assegurançaCatalan, Valencian
- pojištění, pojišťovnaCzech
- vakuutusala, vakuutusFinnish
- árachas, táille árachaisIrish
- ապահովագրություն, ապահովագրումArmenian
- 保険, 保険業Japanese
- ការធានា, ការរ៉ាប់រងKhmer
- 보험, 보험업계Korean
- drauda, draudimasLithuanian
- страховка, страхованиеRussian
- sigortacılık, sigortaTurkish
- sur, lefilisurVolapük
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