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Feb 24 2020

Insurance, Define insurance at, definition of term life insurance.

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insurance

the act, system, or business of insuring property, life, one’s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a payment proportionate to the risk involved.

coverage by contract in which one party agrees to indemnify or reimburse another for loss that occurs under the terms of the contract.

Definition of insurance (continued)

the contract itself, set forth in a written or printed agreement or policy.

the amount for which anything is insured.

an insurance premium.

any means of guaranteeing against loss or harm: Taking vitamin C is viewed as an insurance against catching colds.

adjective

of or relating to a score that increases a team’s lead and insures that the lead will be held if the opposing team should score once more: The home run gave the team an insurance run, making the score 7-5.

Origin of insurance

First recorded in 1545–55; insure + -ance

Related Forms

  • noun : noninsurance
  • noun : preinsurance
  • adjective : proinsurance

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Examples from the News

  • His father, a writer, and his mother, who worked in insurance, were flawless.

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  • She freely admits that she was using both to self-medicate after she lost her insurance.

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  • Most of them have insurance, and only a small percentage face catastrophic illness.

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  • Does that mean that when the insurance company pays my doctor they also pay the same amount to me?

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  • Thankful that I made it this far without fearing dying of a treatable illness because I had no insurance.

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  • Examples

    • Thanks to that evening s performance I was able to pay the insurance company.

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  • This was the first insurance company with which he was ever connected.

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  • They might have deserted her for her insurance, suggested Madden tentatively.

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  • How was it that the insurance companies were so unconcerned?

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  • But disputes as to insurance and club money were the most numerous.



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