Insurance | Mean of insurance in English Dictionary

/ɪnˈʃɚrəns/

• Noun
• 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
1. life insurance
2. insurance against theft or damage
3. health/medical insurance
4. auto insurance
5. He was very glad that he had taken out insurance on the boat. [=that he had insured the boat]
• the amount of money a person regularly pays an insurance company as part of an insurance agreement
1. What's the monthly insurance on your car? [=how much money do you pay each month for insurance for your car?]
• the amount of money that a person receives from an insurance company
1. After the fire, we used the insurance (money) to buy a new house.

• the business of providing insurance
1. She has a job in insurance.
2. I work for an insurance company.
• protection from bad things that may happen in the future
1. Education provides insurance against instability in the job market.
2. The contract provides insurance against future price changes.