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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



... to make of the scattered settlements a united and independent people, to safeguard their future by such measures as the establishment of a Seamen's Institute at St. John's, Newfoundland, and the insurance of communication with the outside world, and to raise, by personal solicitation, the money needed for these enterprises, requires an unusual personality. Faith, courage, insight, foresight, the power to win, and ...
— Adrift on an Ice-Pan • Wilfred T. Grenfell

... that no business, commercial or otherwise, can be transacted without a code of morals. Our merchants of the feudal period had one among themselves, without which they could never have developed, as they did, such fundamental mercantile institutions as the guild, the bank, the bourse, insurance, checks, bills of exchange, etc.; but in their relations with people outside their vocation, the tradesmen lived too true to the reputation of ...
— Bushido, the Soul of Japan • Inazo Nitobe

... so to heart, and look on nothing but the dark side. Of course, it is dreadful to be burned out of house and home, but it might have been lots worse. All the down-stairs furniture was saved, and the insurance company is going to put us up a nice little cottage as soon as possible. We were not without a roof over our heads for one single hour. Before the old one fell in, Mrs. Sears offered these rooms, and already things ...
— Flip's "Islands of Providence" • Annie Fellows Johnston

... you mean to tell me in this day and age you go around from door to door peddling soap? Great guns, boy, you'd do better on unemployment insurance. ...
— Subversive • Dallas McCord Reynolds

... dull and mean. Men creep, Not walk; with blood too pale and tame To pay the debt they owe to shame; Buy cheap, sell dear; eat, drink, and sleep Down-pillowed, deaf to moaning want; Pay tithes for soul-insurance; keep Six days to ...
— The Complete Works of Whittier - The Standard Library Edition with a linked Index • John Greenleaf Whittier


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