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Definition of Insurance
1. Noun. 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.
Generic synonyms: Protection, Security
Specialized synonyms: Assurance, Automobile Insurance, Car Insurance, Business Interruption Insurance, Coinsurance, Fire Insurance, Group Insurance, Hazard Insurance, Health Insurance, Liability Insurance, Life Assurance, Life Insurance, Malpractice Insurance, Reinsurance, Self-insurance, Term Insurance
Derivative terms: Insure
Specialized synonyms: Assurance, Automobile Insurance, Car Insurance, Business Interruption Insurance, Coinsurance, Fire Insurance, Group Insurance, Hazard Insurance, Health Insurance, Liability Insurance, Life Assurance, Life Insurance, Malpractice Insurance, Reinsurance, Self-insurance, Term Insurance
Derivative terms: Insure
2. Noun. Written contract or certificate of insurance. "You should have read the small print on your policy"
Exact synonyms: Insurance Policy, Policy
Generic synonyms: Contract
Specialized synonyms: Floater, Floating Policy
Generic synonyms: Contract
Specialized synonyms: Floater, Floating Policy
3. Noun. Protection against future loss.
Definition of Insurance
1. n. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance,
Definition of Insurance
1. [n -S]
Medical Definition of Insurance
1. Coverage by contract whereby one part indemnifies or guarantees another against loss by a specified contingency. (12 Dec 1998)