insurance

1 of 2

noun

in·​sur·​ance in-ˈshu̇r-ən(t)s 

-ˈshər-,

also

ˈin-ˌshu̇r- 

-ˌshər-

1

a

: coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril

b

: the business of insuring persons or property

c

: the sum for which something is insured

2

: a means of guaranteeing protection or safety

The contract is your insurance against price changes.

Frequent hand washing is good insurance against the common cold.

3

gambling : a side bet that a player in blackjack may place when the dealer's first faceup card is an ace

Note: An insurance bet can be up to half of a player's original bet. It wins at 2 to 1 odds if the dealer's cards add up to 21.

insurance

2 of 2

adjective

: being a score that adds to a team's lead and makes it impossible for the opposing team to tie the game with its next score

an insurance run

Examples of insurance in a Sentence

Noun

insurance against theft or damage

She has a job in insurance.

I work for an insurance company.

Recent Examples on the Web

Noun

Booking early in summer is essential to secure inventory and avoid young-driver or insurance surcharges. —Alexandra Emanuelli, Travel + Leisure, 7 Sep. 2025

For any online account that supports it, especially banking, insurance, and email, turn on multi-factor authentication. —Kurt Knutsson, FOXNews.com, 6 Sep. 2025

Adjective

Greg Abel, who oversees all of Berkshire's non-insurance operations, bought roughly 168 Berkshire Class A shares worth about $68 million last week, SEC filings released late Monday show. —Akane Otani, WSJ, 4 Oct. 2022

But the company has already announced that Greg Abel, the 60-year old vice chairman of all of Berkshire's energy and other non-insurance units, will eventually take over for Buffett. —Paul R. La Monica, CNN, 8 Aug. 2022

Word History

First Known Use

Noun

1651, in the meaning defined at sense 1b

Adjective

1954, in the meaning defined above

Phrases Containing insurance

• accident insurance
• health insurance
• homeowner's insurance
• insurance adjuster
• insurance agent
• insurance broker
• insurance policy
• life insurance
• property damage insurance
• self-insurance
• social insurance
• take out insurance on
• term insurance
• title insurance
• unemployment insurance
• whole life insurance
• workmen's compensation insurance

Rhymes for insurance

• assurance
• durance
• reassurance
• reinsurance

Kids Definition

insurance

noun

in·​sur·​ance

in-ˈshu̇r-ən(t)s

1

a

: the business of insuring persons or property

b

: 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 or death

c

: the amount for which something is insured

2

: a means of guaranteeing protection

take an umbrella as insurance against rain

Legal Definition

insurance

noun

in·​sur·​ance in-ˈshu̇r-əns, ˈin-ˌshu̇r- 

1

: the action, process, or means of insuring or the state of being insured usually against loss or damage by a contingent event (as death, fire, accident, or sickness)

2

a

: the business of insuring persons or property

b

: coverage by contract whereby for an agreed payment one party agrees to indemnify or guarantee another against loss by a specified contingency or peril

c

: the principles and practice of the business of insuring

3

: the sum for which something is insured