Insurance

usgb/ɪnˈʃʊrəns/
noun

A system in which you make regular payments to a company and they pay you money if something bad happens, such as an accident or theft.

I need to renew my car insurance.
Visual representation of "insurance" - A system in which you make regular payments to a company and they pay you money if something bad happens, such as an accident or theft.

Often appears as...

  • life insurance
  • health insurance
Definition 1 of 2
Visual representation of "insurance"
LampPro Tip 1/3

Regular Payments

Understanding insurance involves recognizing the need for regular premium payments to maintain the coverage.

Illustration for Regular Payments
He set up automatic monthly payments for his health insurance.
LampPro Tip 2/3

Protection Value

Insurance is valued for mitigating financial loss when unplanned events, like accidents, occur.

Illustration for Protection Value
Her travel insurance covered the lost luggage costs.
LampPro Tip 3/3

Policy Conditions

Insurance agreements have terms and conditions dictating when payouts happen; awareness of these is crucial.

Illustration for Policy Conditions
Read your car insurance policy to understand what's covered.
Word comparison image

Compare with

assurancecoverageguaranteeindemnificationprotectionreassurancesafeguardsecuritywarranty
Visual representation of the word "Insurance"

Never forget "Insurance"

Humans forget easily. That's why you should download WordUp: Smart reminders, word games, AI practice, and much more!

Download on the App StoreGet it on Google PlayGet it from MicrosoftGet it on AppGallery
Chrome

WordUp Chrome Extension

As you browse the web instantly look up words you don’t know.

Get Chrome Extension