Definitions of insurance

  1. promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
  2. written contract or certificate of insurance; " you should have read the small print on your policy"
  3. The premium paid for insuring property or life.
  4. The sum for which life or property is insured.
  5. A guaranty, security, or pledge; assurance.
  6. The act or system of securing against loss or damage; a contract whereby in consideration of a certain payment called premium, one party agrees to guarantee or indemnify another against certain risks such as fire, death, accident, etc., by the payment of money; the sum paid in settlement of such a contract.
  7. The act of insuring, or a contract by which one party undertakes for a payment or premium to guarantee another against risk or loss: the premium so paid.
  8. Contract by which one party secures another against loss.
  9. An act or system of guaranteeing a stipulated payment in case of loss, accident, or death; any guaranty.
  10. The act of insuring against loss or damage; a contract by which one engages, for a stipulated premium, to make up a loss which another may sustain; the premium paid. Insurance company, a company whose business is to insure against loss or damage. Insurance broker, an intermediate agent between the marine insurance officers and the insurers, who effect policies upon ships, cargo, & c.
  11. A contract entered into to secure against loss arising from fire, & c., in consideration of a certain annual payment; the premium or money paid for insuring.