Definition Definition

insurance - Meaning and Examples

Meaning of 'insurance' (Webster Dictionary)

1 . Insurance [ n.]
- 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.

Meaning of 'insurance' (Princeton's WordNet)

1 . insurance [ n]
Meaning (1):
- written contract or certificate of insurance
Example in sentence:
  • you should have read the small print on your policy