insurance

/ɪnˈʃʊrəns/
noun
  1. An arrangement in which you pay a company money regularly, and the company agrees to pay you a large sum if something bad happens, such as an accident, illness, or theft.
    • I need to buy health insurance before my trip abroad.
    • After the storm, she filed a claim with her home insurance.
    • Car insurance is required by law in most states.
  2. The business of providing insurance policies.
    • He decided to pursue a career in insurance after college.
    • She works in the insurance industry as an underwriter.
    • The insurance sector has grown rapidly in recent years.
  3. Something that protects you against a possible future problem or loss.
    • Having a backup plan is your best insurance for a successful event.
    • Regular exercise is insurance for long-term health.
    • Learning a second language is good insurance against job loss.
What does "insurance" mean? | whatsthatwordmean | whatsthatwordmean