English · Daily Life
insurance
/ɪnˈʃʊə.rəns/
[/ɪnˈʃʊə.rəns/]
financial protection
Intermediatenoun
Definition
An arrangement where you pay a company that agrees to cover certain future losses.
Example
After the flood, their home insurance covered the cost of repairing the ruined ground floor.
After the flood, their home insurance covered the cost of repairing the ruined ground floor.
Etymology
From Old French 'enseurance', from 'assurer' (to make sure).
How & Where It’s Used
Covers cars, homes, health, and life against unexpected costs.