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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.
02
a formal written document or certificate that verifies coverage under an insurance policy
Examples
He showed his insurance before the car rental.
03
protection or financial security against potential future loss or damage
Examples
The company invests in insurance against market fluctuations.
Lexical Tree
coinsurance
reinsurance
insurance
insure
