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1. Dictionary

   insurance

   /ɪnˈʃʊərəns/

   noun

   • 1. an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified 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: "jackets were hung on the back of their chairs, insurance against an encounter with air-conditioning" Similar protectiondefencesafeguardsafety 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. People also ask

   What does insurance mean?

   • seguro, seguro [masculine], garantia [feminine]… Need a translator? Get a quick, free translation! INSURANCE definition: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more.

   INSURANCE | English meaning | Cambridge Dictionary

   dictionary.cambridge.org/dictionary/english/insurance

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   What is insurance & how does it work?

   • 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 protect against the risk of a contingent or uncertain loss.

   Insurance - Wikipedia

   en.wikipedia.org/wiki/Insurance

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   What is insurance coverage?

   • Insurance coverage refers to the amount of protection within an insurance policy that covers a specific type of loss. Coverage is typically meant to completely replace the value of the insured item or items.

   Insurance - Investopedia

   www.investopedia.com/insurance-4427716

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   What is an insurance company?

   • It is a form of risk management, primarily used to protect 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.

   Insurance - Wikipedia

   en.wikipedia.org/wiki/Insurance

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   What is an insurance claim?

   • An insurance claim is the notification of the underwriter by the policyholder that a covered loss has occurred. Insurance companies have specific processes for policyholders to file insurance claims in the event of loss along with service level expectations for claim processing that are detailed in the insurance policy contract.

   Insurance - Investopedia

   www.investopedia.com/insurance-4427716

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   What is insurance premium?

   • 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.

   Insurance - Wikipedia

   en.wikipedia.org/wiki/Insurance

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3. dictionary.cambridge.org › english › insuranceINSURANCE | English meaning - Cambridge Dictionary

   dictionary.cambridge.org › english › insurance

   • Cached

   Learn the meaning of insurance as an agreement, a policy, or a protection in different contexts. Find out how to use insurance in sentences and phrases with synonyms and related words.

   • English (US)

     something that protects against the possible damaging...

   • Insurance in Traditional Chinese

     INSURANCE translate: 保險. Learn more in the Cambridge...

   • Znaczenie Insurance, Definicja W Cambridge English Dictionary

     INSURANCE definicja: 1. an agreement in which you pay a...

   • Credit Insurance

     CREDIT INSURANCE definition: insurance that will pay back...

   • Business Liability Insurance

     BUSINESS LIABILITY INSURANCE definition: insurance taken out...

   • Travel Insurance

     TRAVEL INSURANCE definition: insurance for people who are...

4. www.investopedia.com › terms › iInsurance: Definition, How It Works, and Main Types of Policies

   www.investopedia.com › terms › i

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   • What Is Insurance?
   • How Insurance Works
   • Insurance Policy Components
   • Types of Insurance
   • The Bottom Line
   • GeneratedCaptionsTabForHeroSec

   Insurance is a contract, represented by a policy, in which a policyholder receives financial protection or reimbursement against losses from an insurance company. The company pools clients’ risksto make payments more affordable for the insured. Most people have some insurance: for their car, their house, their healthcare, or their life. Insurance p...

   See full list on investopedia.com

   Many insurance policy types are available, and virtually any individual or business can find an insurance company willing to insure them—for a price. Common personal insurance policy typesare auto, health, homeowners, and life insurance. Most individuals in the United States have at least one of these types of insurance, and car insurance is requir...

   See full list on investopedia.com

   Understanding how insurance works can help you choose a policy. For instance, comprehensive coverage may or may not be the right type of auto insurance for you. Three components of any insurance type are the premium, policy limit, and deductible.

   See full list on investopedia.com

   The National Association of Insurance Commissioners (NAIC) compiles an index of complaints about insurance companies. This information comes from state insurance regulators. The NAIC then compares the number of complaints to the insurance company's market share. There are many different types of insurance. Let’s look at the most important.

   See full list on investopedia.com

   Insurance helps to protect you and your family against unexpected financial costs and resulting debts or the risk of losing your assets. Insurance helps protect you from expensive lawsuits, injuries and damages, death, and even total losses of your car or home. Sometimes, your state or lender may require you to carry insurance. Although there are m...

   See full list on investopedia.com

   Learn what insurance is, how it works, and the main types of policies available for personal and business needs. Find out the key components of insurance policies, such as premium, deductible, and policy limit.

   See full list on investopedia.com

   • Author: Julia Kagan

   • Video Duration: 1 min

5. Videos

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     investopedia.com

     Insurance: Definition, How It Works, and Main Types of Policies

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     #1 | Meaning and Definition of Insurance | characteristics, Nature, Feature, Attributes of insurance

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6. en.wikipedia.org › wiki › InsuranceInsurance - Wikipedia

   en.wikipedia.org › wiki › Insurance

   • Cached

   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

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

   www.britannica.com › money › insurance

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   3 days ago · 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. dictionary.cambridge.org › english › insuranceINSURANCE | definition in the Cambridge English Dictionary

   dictionary.cambridge.org › english › insurance

   • Cached

   Learn the meaning of insurance as an agreement, a policy, or a protection in different contexts. Find out how to use insurance in sentences and phrases with examples from various sources.

9. www.investopedia.com › insurance-4427716Insurance - Investopedia

   www.investopedia.com › insurance-4427716

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   Feb 22, 2011 · Insurance is a way to protect against financial loss from unforeseen events by sharing the risk with others. Learn about the main types of insurance policies, how they work, and the key terms and concepts related to insurance.

10. 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 a policyholder and an insurer to pay for financial compensation in case of a covered incident. Learn about the main components of an insurance policy, the types of insurance available and how to choose the right coverage for you.