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Definition of Insurance
Insurance
The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6.

The premium paid for insuring property or life.

The sum for which life or property is insured.

A guaranty, security, or pledge; assurance.

Related Definitions:
Act, Against, Another, Assurance, Assuring, By, Called, Certain, Consideration, Contingent, Contract, Damage, Event, For, Guarantee, Guaranty, Indemnify, Insured, Insuring, Is, Life, Loss, Of, One, Or, Paid, Party, Pledge, Premium, Property, Security, Specified, Stipulated, Sum, The, To, Whereby, Which






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Insurance Quotations
Unemployment insurance is a pre-paid vacation for freeloaders.
Ronald Reagan

It was the labor movement that helped secure so much of what we take for granted today. The 40-hour work week, the minimum wage, family leave, health insurance, Social Security, Medicare, retirement plans. The cornerstones of the middle-class security all bear the union label.
Barack Obama

There are worse things in life than death. Have you ever spent an evening with an insurance salesman?
Woody Allen

Insurance - an ingenious modern game of chance in which the player is permitted to enjoy the comfortable conviction that he is beating the man who keeps the table.
Ambrose Bierce

I don't want to tell you how much insurance I carry with the Prudential, but all I can say is: when I go, they go too.
Jack Benny

Justice is the insurance which we have on our lives and property. Obedience is the premium which we pay for it.
William Penn

Actually lowering the cost of insurance would be accomplished by such things as making it harder for lawyers to win frivolous lawsuits against insurance companies.
Thomas Sowell

In the old days we used to get more referrals, because people had insurance that paid for therapy. Now they belong to HMOs, and we can only be affiliated with a few HMOs.
Albert Ellis

I think first and foremost everybody should understand that Canadians are strongly committed to the system of universal health insurance, to the principle that your ability to pay does not determine your access to critical medical service.
Stephen Harper

Just because your ad looks good is no insurance that it will get looked at. How many people do you know who are impeccably groomed... but dull?
William Bernbach



Insurance Translations
insurance in Afrikaans is versekering
insurance in Danish is forsikring
insurance in Dutch is verzekering, assurantie
insurance in German is Versicherung
insurance in Italian is assicurazione
insurance in Norwegian is forsikring
insurance in Portuguese is seguro
insurance in Spanish is aseguramiento, seguro


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