insurance
A means of indemnity against a future occurrence of an uncertain event.
Example
“The car was totalled, but fortunately I had insurance.”
Other meanings
The business of providing insurance.
“After five years in banking, I switched to insurance.”
Any attempt to forestall an unfavorable event.
“The sky was clear, but I took my umbrella for insurance.”
Related words
- coinsurance
- insurancelike
- insurancer
- insurtech
- interinsurance
- microinsurance
- noninsurance
- overinsurance
- underinsurance
- uninsurance
- accident insurance
- auto insurance
Where this comes from
This definition is adapted from “insurance” on Wiktionary, by its contributors, published under CC BY-SA 4.0. This page is published under the same licence.