insurance

Meanings

1. 1
   noun

   An agreement in which you pay a company money so that they will pay you if something bad happens, such as an accident or illness.

   My car was wrecked, but luckily I had insurance.

2. 2
   noun

   The business of providing such agreements.

   After years in banking, she switched to insurance.

3. 3
   noun

   Something you do to protect yourself against a possible problem in the future.

   I took an umbrella as insurance against the rain.

From the older form ensurance, see also assurance. By surface analysis, insure + -ance.

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