: a contract by which someone guarantees for a fee to pay someone else for the value of property if it is lost or damaged (as through theft or fire) or to pay usually a specified amount for injury or death.

Aug 7, 2025 · What Is Insurance? Insurance is purchased to provide financial protection or reimbursement against losses resulting from accidents, injury, or property damage.

Insurance definition: the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in …

insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain …

INSURANCE meaning: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more.

Definition of insurance noun from the Oxford Advanced Learner's Dictionary. [uncountable, countable] an arrangement with a company in which you pay them regular amounts of money and they agree to …

Feb 26, 2025 · Insurance is a financial arrangement that provides protection against potential losses. It functions as a contract between an individual or business and an insurer, ensuring compensation for …

Jan 8, 2025 · Insurance is a financial agreement providing compensation for specific risks or losses. The benefits of insurance extend beyond financial security. It provides peace of mind and risk mitigation. …

May 9, 2024 · Insurance provides assistance to policyholders and aids in lowering the uncertainties in a company or people's lives. The insured party is protected against future dangers, vulnerabilities, and …

1. the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, in return for payment. 2. coverage by contract in which one party agrees …