Definify.com
Webster 1913 Edition
Insurance
1.
The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. , 6.
Assurance
, Noun.
☞ The person who undertakes to pay in case of loss is termed the insurer; the danger against which he undertakes, the risk; the person protected, the insured; the sum which he pays for the protection, the premium; and the contract itself, when reduced to form, the policy.
Johnson’s Cyc.
2.
The premium paid for insuring property or life.
3.
The sum for which life or property is insured.
4.
A guaranty, security, or pledge; assurance.
[Obs.]
The most acceptable
insurance
of the divine protection. Mickle.
Accident insurance
, insurance against pecuniary loss by reason of accident to the person.
– Endowment insurance
or Endowment assurance
a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. Also called
– whole life insurance
. Fire insurance
. See under
– Fire
. Insurance broker
, a broker or agent who effects insurance.
– Insurance company
, a company or corporation whose business it is to insure against loss, damage, or death.
– Insurance policy
, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured.
– Life insurance
. See under
Life
.Webster 1828 Edition
Insurance
INSU'RANCE
,Noun.
Insurance company, a company or corporation whose business is to insure against loss or damage.
Definition 2024
insurance
insurance
English
Noun
insurance (usually uncountable, plural insurances)
- A means of indemnity against a future occurrence of an uncertain event.
- 2012 January 1, Philip E. Mirowski, “Harms to Health from the Pursuit of Profits”, in American Scientist, volume 100, number 1, page 87:
- In an era when political leaders promise deliverance from decline through America’s purported preeminence in scientific research, the news that science is in deep trouble in the United States has been as unwelcome as a diagnosis of leukemia following the loss of health insurance.
- The car was totalled, but fortunately I had insurance.
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- The business of providing insurance.
- After five years in banking, I switched to insurance.
- Metaphoric: Any attempt to anticipate an unfavorable event.
- The sky was clear, but I took my umbrella for insurance.
- Blackjack: A bet made after the deal, which pays off if the dealer has blackjack.
- I only take insurance if the count is right.
- (countable) An insurance policy
Translations
indemnity
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business
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Derived terms
Terms derived from insurance
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