Insurance meaning

What does “insurance” mean? Definitions, examples, synonyms and opposites.

“insurance” is a noun with 3 meanings. Its most common meaning is: promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.

insurance

noun

  1. promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

  2. written contract or certificate of insurance

    “you should have read the small print on your policy”

  3. protection against future loss

    Synonymsindemnity

Source: WordNet 3.1, Princeton University