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insurance - definition and synonyms

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noun     insurance pronunciation in British English
  1. 1
    [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 injured

    health/life/house/car insurance

    take out insurance:

    You have to take out building and contents insurance as a condition of the mortgage.

    insurance against:

    They provide free insurance against loss or damage up to £5,000.

    have insurance for/on something:

    Do you have insurance for the house yet?

    claim (for) something/make a claim for something on your insurance:

    Can you claim the repairs on your insurance?

    1. a.
      [uncountable] the business of selling insurance to people

      He’s in insurance.

  2. 2
    [uncountable] money that you pay regularly to an insurance company

    Have you paid your car insurance?

    1. a.
      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 injured

      After the fire, they were able to rebuild their house with the insurance.

  3. 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 happen
    insurance against:

    The hostages were being held as insurance against further bombing raids.

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