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INSURANCE

Pronunciation (US): 

 Dictionary entry overview: What does insurance mean? 

INSURANCE (noun)
  The noun INSURANCE has 3 senses:

1. promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company
2. written contract or certificate of insurance
3. protection against future loss

  Familiarity information: INSURANCE used as a noun is uncommon.


 Dictionary entry details 


INSURANCE (noun)


Sense 1insurance [BACK TO TOP]

Meaning:

Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("insurance" is a kind of...):

protection; security (defense against financial failure; financial independence)

Hyponyms (each of the following is a kind of "insurance"):

self-insurance (insuring yourself by setting aside money to cover possible losses rather than by purchasing an insurance policy)

reinsurance (sharing the risk by insurance companies; part or all of the insurer's risk is assumed by other companies in return for part of the premium paid by the insured)

malpractice insurance (insurance purchased by physicians and hospitals to cover the cost of being sued for malpractice)

life assurance; life insurance (insurance paid to named beneficiaries when the insured person dies)

liability insurance (insurance that provides protection from claims arising from injuries or damage to other people or property)

health insurance (insurance against loss due to ill health)

hazard insurance (insurance that provides protection against certain risks such as storms or fires)

group insurance (insurance that is purchased by a group (such as the employees of a company) usually at a reduced rate to individual members of the group)

fire insurance (insurance against loss due to fire)

coinsurance (insurance issued jointly by two or more underwriters)

business interruption insurance (insurance that provides protection for the loss of profits and continuing fixed expenses resulting from a break in commercial activities due to the occurrence of a peril)

automobile insurance; car insurance (insurance against loss due to theft or traffic accidents)

assurance (a British term for some kinds of insurance)

term insurance (low-cost insurance that is valid only for a stated period of time and has no cash surrender value or loan value)


Sense 2insurance [BACK TO TOP]

Meaning:

Written contract or certificate of insurance

Classified under:

Nouns denoting communicative processes and contents

Synonyms:

insurance policy; insurance; policy

Context example:

you should have read the small print on your policy

Hypernyms ("insurance" is a kind of...):

contract (a binding agreement between two or more persons that is enforceable by law)

Hyponyms (each of the following is a kind of "insurance"):

floater; floating policy (an insurance policy covering loss of movable property (e.g. jewelry) regardless of its location)


Sense 3insurance [BACK TO TOP]

Meaning:

Protection against future loss

Classified under:

Nouns denoting stable states of affairs

Synonyms:

indemnity; insurance

Hypernyms ("insurance" is a kind of...):

protection; shelter (the condition of being protected)


 Learn English with... Proverbs of the week 
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 INSURANCE: related words searches 

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