: a contract by which someone guarantees for a fee to pay someone else for the value of property if it is lost or damaged (as through theft or fire) or to pay usually a specified amount for injury or death.

INSURANCE definition: the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in …

Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk …

Aug 7, 2025 · What Is Insurance? Insurance is purchased to provide financial protection or reimbursement against losses resulting from accidents, injury, or property damage.

INSURANCE meaning: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more.

insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain …

Definition of insurance noun from the Oxford Advanced Learner's Dictionary. [uncountable, countable] an arrangement with a company in which you pay them regular amounts of money and they agree to …