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1. Dictionary

   In·sur·ance

   /inˈSHo͝orəns/

   

   noun

   • 1. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium: "many new borrowers take out insurance against unemployment or sickness" Similar indemnityindemnification(financial) protectionsecuritysuretycoverassurance
   • ▪ the business of providing insurance: "Howard is in insurance"
   • ▪ money paid for insurance: "my insurance has gone up"
   • ▪ money paid out as compensation under an insurance policy: "when will I be able to collect the insurance?"
   • 2. a thing providing protection against a possible eventuality: "adherence to high personal standards of conduct is excellent insurance against personal problems" Similar protectiondefensesafeguardsafety measuresheltersecurityprecautionprovisionpreventive measureimmunityguaranteewarrantyinformal:backstop

   Word Origin late Middle English (originally as ensurance in the sense ‘ensuring, assurance, a guarantee’): from Old French enseurance, from enseurer (see ensure). insurance (sense 1) dates from the mid 17th century.

   Scrabble Points: 11

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2. money.com › what-is-insuranceWhat is Insurance? Definition, How it Works, & Examples | Money

   money.com › what-is-insurance

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   Mar 31, 2023 · Insurance is an agreement between an individual policy (or a business) and an insurance company. Under this agreement, the policyholder pays premiums to the insurer in exchange for financial compensation in the event of a covered incident.

3. www.merriam-webster.com › dictionary › insuranceInsurance Definition & Meaning - Merriam-Webster

   www.merriam-webster.com › dictionary › insurance

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   The meaning of INSURANCE is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. How to use insurance in a sentence.

4. dictionary.cambridge.org › dictionary › englishINSURANCE | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › dictionary › english

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   Add to word list. B2 [ U ] an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc.: car / travel insurance. take out insurance I'll need to take out extra car insurance for another driver. The insurance doesn't cover you for (= include) household items.

5. www.usnews.com › insurance › glossaryWhat Is Insurance? | U.S. News

   www.usnews.com › insurance › glossary

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   Feb 15, 2024 · Everyone carries some form of insurance, but what exactly is insurance? Learn about basic insurance terms, common types of policies, and how it works at a high level.

6. www.oxfordlearnersdictionaries.com › definition › englishinsurance noun - Definition, pictures, pronunciation and usage...

   www.oxfordlearnersdictionaries.com › definition › english

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   insurance. [uncountable, countable] an arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs, for example, if you die or are ill, or if you lose or damage something. Private insurance accounts for about 35 per cent of healthcare in the US.

7. www.britannica.com › money › insuranceInsurance | Definition, History, Types, Companies, & Facts |...

   www.britannica.com › money › insurance

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   Mar 31, 2024 · insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain accidental occurrences result in losses during a given period. It thus is a method of coping with risk.

8. www.thebalancemoney.com › what-is-insurance-5509279What Is Insurance? - The Balance

   www.thebalancemoney.com › what-is-insurance-5509279

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   Jun 29, 2022 · Definition and Example of Insurance . Insurance is a way to protect yourself from potential financial losses. It’s a contract between you and an insurance company in which you agree to pay a premium in exchange for the company's promise to pay a set amount of money if you experience a covered event.