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Want to find out what does the word insurance mean? We gathered all the possible definitions of the word insurance on our website. Our definition dictionary is updated all the time with new definitions and is ready to help you.


Part of speech: Noun

The act or system of securing against loss or damage; a contract whereby in consideration of a certain payment called premium, one party agrees to guarantee or indemnify another against certain risks such as fire, death, accident, etc., by the payment of money; the sum paid in settlement of such a contract.

Usage examples "insurance":