- insurance */*/*/
- UK [ɪnˈʃʊərəns] / US [ɪnˈʃʊrəns]
noun
1)a) [uncountable] an arrangement in which you regularly pay an insurance company an amount of money so that they will give you money if something you own is damaged, lost, or stolen, or if you die or are ill or injuredtake out insurance:
health/life/house/car insurance
insurance against:You have to take out building and contents insurance as a condition of the mortgage.
have insurance for/on something:They provide free insurance against loss or damage up to £5,000.
claim (for) something/make a claim for something on your insurance:Do you have insurance for the house yet?
Can you claim the repairs on your insurance?
b) [uncountable] the business of selling insurance to peopleHe's in insurance.
2)a) [uncountable] money that you pay regularly to an insurance companyHave you paid your car insurance?
b) money that an insurance company agrees to pay you if something that you own is damaged, lost, or stolen, or if you die or are ill or injuredAfter the fire, they were able to rebuild their house with the insurance.
3) [singular/uncountable] a situation or action intended to prevent something bad from happening or to prevent you from being affected by it if it does happeninsurance against:The hostages were being held as insurance against further bombing raids.
•See:
English dictionary. 2014.