Meaning of insurance In English

• 0 an agreement in which you pay a company money and they pay your costs if you have an accident, injury, etc.:

  • life/health/car/travel insurance

  • I'll need to take out extra car insurance for another driver.

  • The insurance doesn't cover you for (= include) household items.

• 1 the agreement in which you pay a company money and the company pays the cost if you have an accident, injury, or loss:

  • fire/health/life insurance

• 2 an agreement in which you pay a company money, either in one payment or in regular payments, and they pay your costs, for example, if you lose or damage something, or have an accident, injury, etc.:

  • car/holiday/home/health, etc. insurance

  • an insurance plan/policy

  • to buy/sell insurance

  • insurance contributions/payments/premiums

  • insurance against sth You can take out insurance against employee injury.

  • offer/provide/refuse insurance Have you ever been refused car insurance in the past?

  • arrange/obtain/take out insurance You must make sure you take out insurance on the contents of your house.

  • have insurance Ensure you have sufficient insurance to cover the cost of replacing your valuables.

  • be covered by (the) insurance Unfortunately, stolen personal belongings are not covered by the insurance.

  • claim on the/your insurance I claimed on the insurance for the damage to the furniture.

  • insurance pays for sth/covers sb/sth This insurance covers the cost of their mortgage but they are considering more life cover.

  • Most insurances won't cover you if you take part in any dangerous sporting activities.

• 3 the business of selling insurance:

  • He's worked in insurance for over 20 years.

  • the insurance industry

  • an insurance company

• 4 money that is paid to an insurance company:

  • They ask for 8% extra from customers who pay insurance by direct debit instead of as a lump sum.

• 5 money that is paid by an insurance company:

  • I had to cancel the trip, but I got back nearly $1000 in insurance.

• 6 shares in insurance companies:

  • Insurances were given a new lease of life as the market's strength helped to allay solvency margin fears.