Definition, Meaning & Synonyms
insurance
noun
/ɪnˈʃʊərəns/
Definition
A contract that protects against financial loss or damage.
Examples
- Health insurance helps cover medical expenses.
- He took out insurance to protect his new car.
- Travel insurance can provide peace of mind during trips.
Meaning
Insurance is a financial agreement in which an individual or entity pays a premium to receive compensation for specific losses or risks.
Synonyms
- protection
- coverage
- security
- assurance
