Insurance

/ɪnʃˈɔːɹəns/

/ˌɪnˈʃʊɹəns/

Insurance

the arrangement with an institute or agency according to which they guarantee to make up for the damages in the event of an accident or loss

written contract or certificate of insurance

protection against future loss

synonyms : indemnity

Examples

1. He compared the cost of various insurance plans.

2. I called the insurance company about this claim, but they kept giving me the runaround.

3. Too many companies reckon without the pitfalls that make insurance like this an absolute necessity.

4. John was a reckless driver when he was young, and now he has a criminal record and a hard time getting insurance.