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Insurance   /ɪnʃˈʊrəns/   Listen
noun
Insurance  n.  
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. Note: The person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy.
2.
The premium paid for insuring property or life.
3.
The sum for which life or property is insured.
4.
A guaranty, security, or pledge; assurance. (Obs.) "The most acceptable insurance of the divine protection."
5.
Hence: Any means of assuring against loss; a precaution; as, we always use our seat belts as insurance against injury.
Accident insurance, insurance against pecuniary loss by reason of accident to the person.
Endowment insurance or Endowment assurance, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. Also called whole life insurance.
Fire insurance. See under Fire.
Insurance broker, a broker or agent who effects insurance.
Insurance company, a company or corporation whose business it is to insure against loss, damage, or death.
Insurance policy, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured.
Life insurance. See under Life.





Collaborative International Dictionary of English 0.48


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"Insurance" Quotes from Famous Books



... But the men who advanced the four thousand dollars demanded an insurance-policy on the life of the German chemist. This appealed to our David Harum as an excellent plan: if the man who held the secret should die, all would be lost save honor. They insured the life of the chemist for twenty thousand dollars. In a month after, he was ...
— Little Journeys to the Homes of the Great - Volume 12 - Little Journeys to the Homes of Great Scientists • Elbert Hubbard
... welfare case. canvasser, bagman &c.758; salesman. % Section III. CONDITIONAL INTERSOCIAL VOLITION % 768. Promise.— N. promise, undertaking, word, troth, plight, pledge, parole, word of honor, vow; oath &c. (affirmation) 535; profession, assurance, warranty, guarantee, insurance, obligation; contract &c. 769; stipulation. engagement, preengagement; affiance; betroth, betrothal, betrothment. V. promise; give a promise &c. n.; undertake, engage; make an engagement, form an engagement; enter into an engagement, enter on an engagement; bind oneself, ...
— Roget's Thesaurus
... had a position in an insurance agent's office with wages upon which she could live with fair decency. As it had rained all day and her employer wanted her to begin the next morning, she had the best possible excuse for renting a room in Fallon and asking Bill to ride in horseback with some things which she would ask ...
— Dust • Mr. and Mrs. Haldeman-Julius
... the willing mind," said Weeks with a smile, "Go, then! Some one must go. Get the boat tackle ready, forward. Here, Willie, put your life-belt on. You, too, Duncan, though God knows life-belts won't be of no manner of use; but they'll save your insurance. Steady with the punt there! If it slips inboard off the rail there will be a broken back! And, Willie, don't get under the cutter's counter. She'll come atop of you and smash you like an egg. I'll drop you as close as I can ...
— Ensign Knightley and Other Stories • A. E. W. Mason
... wiped me out slick and clean as I did not have a dollar's worth of insurance on the property. Any business man would have known enough at least to have a few thousand dollars of insurance on that amount of property, but I had never seen a fire before in a city and thought it folly ...
— Thirty-One Years on the Plains and In the Mountains • William F. Drannan


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