: 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 …

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, …

Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a …

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

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 …

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 …

Insurance is an arrangement in which you pay money to a company, and they provide financial protection for your property, life, or health, paying you in case of death, loss, or damage.

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 …

Aug 14, 2023 · Insurance is a contract between you (or a business) and an insurance company to help protect you and your loved ones from financial loss due to an unexpected event, like an …