American English

Definition of insurance noun from the Oxford Advanced American Dictionary

      

    insurance

     noun
    noun
    NAmE//ɪnˈʃʊrəns//
     
     
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  1. 1 [uncountable, countable] an arrangement with a company in which you pay them regular amounts of money and they agree to pay the costs, for example, if you die or are sick, or if you lose or damage something health/life/car/travel, etc. insurance to have adequate insurance coverage insurance (against something) to take out insurance against fire and theft insurance premiums (= the regular payments made for insurance) Can you claim for the loss on your insurance?
  2. 2[uncountable] the business of providing people with insurance an insurance broker/company He works in insurance.
  3. 3 [uncountable] money paid by or to an insurance company to pay insurance on your house When her husband died, she received $50,000 in insurance.
  4. 4[uncountable, countable] insurance (against something) something you do to protect yourself against something bad happening in the future At that time people had large families as an insurance against some children dying.
See the Oxford Advanced Learner's Dictionary entry: insurance