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   insurance

   /ɪnˈʃʊərəns/

   noun

   • 1. an arrangement by which a company or the state undertakes to provide a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a specified premium: "many new borrowers take out insurance against unemployment or sickness" Similar indemnityindemnification(financial) protectionsecuritysuretycoverassurance
   • ▪ the business of providing insurance: "Howard is in insurance"
   • ▪ money paid for insurance: "my insurance has gone up"
   • ▪ money paid out as compensation under an insurance policy: "when will I be able to collect the insurance?"
   • 2. a thing providing protection against a possible eventuality: "jackets were hung on the back of their chairs, insurance against an encounter with air-conditioning" Similar protectiondefencesafeguardsafety measuresheltersecurityprecautionprovisionpreventive measureimmunityguaranteewarrantyinformal:backstop

   Word Origin late Middle English (originally as ensurance in the sense ‘ensuring, assurance, a guarantee’): from Old French enseurance, from enseurer (see ensure). insurance (sense 1) dates from the mid 17th century.

   Scrabble Points: 11

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