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Insurance
01
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
Examples
He decided to purchase car insurance to protect himself against potential accidents.
The insurance policy covers damages to the property caused by natural disasters.
02
written contract or certificate of insurance
Examples
He showed his insurance before the car rental.
The hospital requested proof of insurance prior to treatment.
03
protection against future loss
Examples
The company invests in insurance against market fluctuations.
Life insurance ensures protection for the family after death.
Lexical Tree
coinsurance
reinsurance
insurance
insure
