insurance
8 ENTRIES FOUND:
Britannica Dictionary definition of INSURANCE
[noncount]
1
:
an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen
—
see also national insurance
-
life insurance
-
insurance against theft or damage
-
health/medical insurance
-
auto insurance
-
He was very glad that he had taken out insurance on the boat. [=that he had insured the boat]
2
a
:
the amount of money a person regularly pays an insurance company as part of an insurance agreement
-
What's the monthly insurance on your car? [=how much money do you pay each month for insurance for your car?]
b
:
the amount of money that a person receives from an insurance company
-
After the fire, we used the insurance (money) to buy a new house.
3
:
the business of providing insurance
-
She has a job in insurance.
-
I work for an insurance company.
4
:
protection from bad things that may happen in the future
— usually + against
-
Education provides insurance against instability in the job market.
-
The contract provides insurance against future price changes.
