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Meaning & Definition of Insurance in English

English

Insurance

/ɪnʃʊrəns/

noun

1. 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
    synonym:
  • insurance

2. Written contract or certificate of insurance

  • "You should have read the small print on your policy"
    synonym:
  • policy
  • ,
  • insurance policy
  • ,
  • insurance

3. Protection against future loss

    synonym:
  • indemnity
  • ,
  • insurance

Examples of using

If you can't afford travel insurance, then you can't afford to travel.
Does Tom have insurance?
How much insurance do you carry on your house?