1

insurance

noun in·sur·ance \ in-ˈshu̇r-ən(t)s , -ˈshər- also ˈin-ˌshu̇r- , -ˌshər- \
Updated on: 19 Nov 2017

Definition of insurance

1 a :the business of insuring persons or property
b :coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril
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.

Examples of insurance in a Sentence

  1. insurance against theft or damage

  2. She has a job in insurance.

  3. I work for an insurance company.

Recent Examples of insurance from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'insurance.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of insurance

1651


2

insurance

adjective

Definition of insurance

: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

First Known Use of insurance

1954



INSURANCE Defined for English Language Learners

insurance

noun

Definition of insurance for English Language Learners

  • : an agreement in which a person makes regular payments to a company and the company promises to pay money if the person is injured or dies, or to pay money equal to the value of something (such as a house or car) if it is damaged, lost, or stolen

  • : the amount of money a person regularly pays an insurance company as part of an insurance agreement

  • : the amount of money that a person receives from an insurance company


INSURANCE Defined for Kids

insurance

noun in·sur·ance \ in-ˈshu̇r-əns \

Definition of insurance for Students

1 :an agreement by which a person pays a company and the company promises to pay money if the person becomes injured or dies or to pay for the value of property lost or damaged
2 :the amount for which something is insured
3 :the business of insuring persons or property

Law Dictionary

insurance

noun in·sur·ance \ in-ˈshu̇r-əns, ˈin-ˌshu̇r- \

legal Definition of insurance

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


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