meaning of insurance

1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n. , 6.
The premium paid for insuring property or life.
The sum for which life or property is insured.
A guaranty, security, or pledge; assurance.
written contract or certificate of insurance; "you should have read the small print on your ">policy"

Related Words

insurance | insurance agent | insurance broker | insurance claim | insurance company | insurance coverage | insurance firm | insurance policy | insurance premium | insurance underwriter | insurancer |

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