Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk …

Mar 31, 2023 · To explain what insurance is in simple terms: it's a way to protect your loved ones, property, business and lifestyle from financial losses and unexpected costs. By paying an insurance …

The meaning of INSURANCE is coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.

Dec 29, 2025 · Insurance provides financial protection by covering risks like accidents, health issues, or property loss, helping individuals and businesses manage uncertainty.

insurance, a system under which the insurer, for a consideration usually agreed upon in advance, promises to reimburse the insured or to render services to the insured in the event that certain …

INSURANCE definition: the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in …

Insurance is an arrangement in which you pay money to a company, and they provide financial protection for your property, life, or health, paying you in case of death, loss, or damage.

INSURANCE definition: 1. an agreement in which you pay a company money and they pay your costs if you have an accident…. Learn more.

Definition of insurance noun from the Oxford Advanced Learner's Dictionary. [uncountable, countable] an arrangement with a company in which you pay them regular amounts of money and they agree to …

1. the act, system, or business of insuring property, life, one's person, etc., against loss or harm arising in specified contingencies, in return for payment. 2. coverage by contract in which one party agrees …