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

   dictionary.cambridge.org › english › insurance

   • Cached

   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.

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

   www.investopedia.com › terms › i

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   Feb 28, 2024 · Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies or perils. There are many types of insurance policies. Life, health,...

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

   en.wikipedia.org › wiki › Insurance

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   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

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

   www.britannica.com › money › insurance

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   4 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.

6. dictionary.cambridge.org › english › insuranceINSURANCE | definition in the Cambridge English Dictionary

   dictionary.cambridge.org › english › insurance

   • Cached

   something that protects against the possible damaging effects of something: insurance against Households are stockpiling groceries as insurance against price rises. insurance policy Many people are applying for overseas passports as an insurance policy in case of future chaos.

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

   www.investopedia.com › insurance-4427716

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   Feb 22, 2011 · Learn about insurance providers and insurance types including life, auto, home, health, and more. Browse Investopedia’s expert-written library to learn more.

8. 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 Definition. 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.