: a contract by which someone guarantees for a fee to pay someone else for the value of property if it is lost or damaged (as through theft or fire) or to pay usually a specified amount for injury …

Aug 7, 2025 · What Is Insurance? Insurance is purchased to provide financial protection or reimbursement against losses resulting from accidents, injury, or property damage.

INSURANCE definition: the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, …

Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a …

Definition of insurance noun from the Oxford Advanced Learner's Dictionary. [uncountable, countable] an arrangement with a company in which you pay them regular amounts of money …

INSURANCE meaning: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more.

Insurance is an arrangement in which you pay money to a company, and they provide financial protection for your property, life, or health, paying you in case of death, loss, or damage.

Feb 26, 2025 · Insurance is a financial arrangement that provides protection against potential losses. It functions as a contract between an individual or business and an insurer, ensuring …

Aug 14, 2023 · Insurance is a contract between you (or a business) and an insurance company to help protect you and your loved ones from financial loss due to an unexpected event, like an …

insurance /ɪn ˈ ʃɚrəns/ noun Britannica Dictionary definition of INSURANCE [noncount] 1 : an agreement in which a person makes regular payments to a company and the company …