insurance
/in'ʃuərəns/
Học thuậtThân thiện
Definition
- Noun:
- Protection against future loss: A financial arrangement that provides compensation for specific potential losses, damages, illness, or death in exchange for regular payments.
- A written contract or certificate of insurance: The formal policy document that details the terms, conditions, and coverage of the insurance agreement.
- A promise of reimbursement in the case of loss: The guarantee from an insurer to pay a sum of money to the policyholder or beneficiaries if a specified event occurs.
Examples of Usage
- Noun:
- Health insurance is essential for covering medical expenses.
- He filed a claim with his car insurance company after the accident.
- The small print in the insurance policy contained important exclusions.
Advanced Usage
- "to have insurance on/against something": to be covered by a policy for a specific risk.
- Do you have insurance against flood damage?
- "to take out insurance": to purchase an insurance policy.
- We took out life insurance when we had our first child.
Variants and Related Words
- Insure (verb): To arrange for compensation in the event of damage, loss, or injury; to take out insurance.
- It is wise to insure your valuable possessions.
- Insurer (noun): The company that provides insurance policies.
- The insurer processed the claim quickly.
- Insurable (adjective): Capable of being insured.
- The risk was deemed insurable by the company.
Synonyms
- Coverage: The extent of protection afforded by an insurance policy.
- Assurance: (Chiefly British) A specific type of insurance, especially life insurance.
- Indemnity: Protection or security against damage or loss, often used in legal and insurance contexts.
Related Phrases (Phrasal Verbs)
- Insure against: To protect oneself financially from a specific risk by purchasing insurance.
- The business insured itself against lawsuits.
Related Idioms
- A safety net: Something that provides security against misfortune (conceptually related to insurance).
- Savings can act as a financial safety net, similar to insurance.
- Better safe than sorry: It is wiser to be cautious and prepared (the principle behind buying insurance).
- I bought travel insurance—better safe than sorry.
Noun
- protection against future loss
- written contract or certificate of insurance
- you should have read the small print on your policy
- promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company