Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “insurance”

insurance

noun
 
 
/ɪnˈʃʊərəns/
[C or U] INSURANCE an agreement in which you pay a company money, either in one payment or in regular payments, and they pay your costs, for example, if you lose or damage something, or have an accident, injury, etc.: car/holiday/home/health, etc. insurance an insurance plan/policy to buy/sell insurance insurance contributions/payments/premiums insurance against sth You can take out insurance against employee injury.offer/provide/refuse insurance Have you ever been refused car insurance in the past? arrange/obtain/take out insurance You must make sure you take out insurance on the contents of your house.have insurance Ensure you have sufficient insurance to cover the cost of replacing your valuables.be covered by (the) insurance Unfortunately, stolen personal belongings are not covered by the insurance.claim on the/your insurance I claimed on the insurance for the damage to the furniture.insurance pays for sth/covers sb/sth This insurance covers the cost of their mortgage but they are considering more life cover. Most insurances won't cover you if you take part in any dangerous sporting activities.
[U] INSURANCE the business of selling insurance: He's worked in insurance for over 20 years. the insurance industry an insurance company
[U] INSURANCE money that is paid to an insurance company: They ask for 8% extra from customers who pay insurance by direct debit instead of as a lump sum.
[U] INSURANCE money that is paid by an insurance company: I had to cancel the trip, but I got back nearly $1000 in insurance.
(Definition of insurance from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of insurance?
Add Cambridge dictionaries to your browser to your website

Definitions of “insurance” in other dictionaries

Word of the Day

hello stranger

said to a person that you know but have not seen for a long time

Word of the Day

Come on – you can do it! Phrasal verbs with ‘come’.

by Liz Walter​,
November 19, 2014
As part of an occasional series on the tricky subject of phrasal verbs, this blog looks at ones formed with the verb ‘come’. If you are reading this blog, I’m sure you already know come from, as it is one of the first things you learn in class: I come from Scotland/Spain.

Read More 

silver splicer noun

November 17, 2014
informal a person who marries in later life Newly retired and now newlywed – rise of the ‘silver splicers’ Reaching pension age becomes a trigger to tie the knot as baby-boomers begin to redefine retirement

Read More