Insurance — Meaning, Definition & Synonyms

noun adjective /in-ˈshu̇r-ən(t)s/ in·sur·ance

Meaning & Definition of Insurance

Insurance (noun)

  1. coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril
  2. the business of insuring persons or property
  3. the sum for which something is insured

Insurance (adjective)

  1. being a score that adds to a team's lead and makes it impossible for the opposing team to tie the game with its next score

Insurance (noun) — Senses, Synonyms & Antonyms

  1. something providing certainty that a specified outcome will or will not occur

    "Having two people do this job serves as insurance against accidents."

    similar: caution, fail-safe, palladium, precaution, preventative, preventive, safeguard, lock, defense, shield, armor, cover, guard, protection, screen, wall, ward, aegis, guardianship, asylum, harbor, haven, refuge, retreat, shelter, impregnability, impregnableness, invincibility, invincibleness, inviolability, inviolableness, invulnerability, invulnerableness
    opposite: hazard, risk, threat, instability, precariousness, harm's way, exposure, liability, openness, violability, vulnerability, vulnerableness, susceptibility, susceptibleness

  2. a formal contract promising payment if injury, damage, or loss occurs

    "They purchased their home and car insurance through the same company."

    similar: assurance (chiefly British), seal, bond, contract, covenant, deal, guarantee, guaranty, surety, warranty, oath, pledge, troth, vow, word, accord, bargain, compact, concordat, convention, pact, treaty, bail, deposit, pawn, security, compensation, damages, indemnification, indemnity, quittance, recompense, recoupment, redress, remuneration, reparation, reprisal(s), requital, restitution, satisfaction, punitive damages, solatium, amends, atonement, expiation, refund, reimbursement, repayment, adjustment, settlement, punishment, retaliation

Synonyms, Thesaurus & Another Word for Insurance

The most common words with a similar meaning to Insurance:

Chiefly British: assurance
caution, fail-safe, palladium, precaution, preventative, preventive, safeguard, lock, defense, shield, armor, cover, guard, protection, screen, wall, ward, aegis, guardianship, asylum, harbor, haven, refuge, retreat, shelter, impregnability, impregnableness, invincibility, invincibleness, inviolability, inviolableness, invulnerability, invulnerableness, seal, bond, contract, covenant, deal, guarantee, guaranty

Antonyms & Opposite Words for Insurance

Words with the opposite meaning of Insurance:

hazard, risk, threat, instability, precariousness, harm's way, exposure, liability, openness, violability, vulnerability, vulnerableness, susceptibility, susceptibleness

Origin & Etymology of Insurance

First known use: 1651

Vocabulary Lists & Topics for Insurance

Words & Phrases Containing Insurance

insurance adjuster, insurance agent, insurance broker, insurance policy, accident insurance, health insurance, life insurance, property damage insurance

Frequently Asked Questions about Insurance

What does "Insurance" mean?

"Insurance" means coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. As an a noun and an adjective, it is defined as: coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril. It has 2 distinct senses.

What is another word for "Insurance"?

Other words for "Insurance" include caution, fail-safe, palladium, precaution, preventative, preventive, safeguard and lock. The best synonym depends on which meaning of "Insurance" you intend.

What are different ways to say "Insurance"?

There are 85 words and phrases with a similar meaning to "Insurance". Common alternatives include caution, fail-safe, palladium, precaution, preventative, preventive, safeguard, lock, defense and shield.

What is the opposite of "Insurance"?

Antonyms of "Insurance" include hazard, risk, threat, instability, precariousness, harm's way, exposure and liability.

How do you use "Insurance" in a sentence?

Examples of "Insurance" in a sentence: "Having two people do this job serves as insurance against accidents."; "They purchased their home and car insurance through the same company.".

Is "Insurance" a noun, verb, or adjective?

"Insurance" can be used as a noun and an adjective, depending on the context.

Is "Insurance" useful for IELTS, TOEFL, and other English exams?

As a B2-level word, "Insurance" is typical of Cambridge B2 First (FCE), IELTS band 5.5–6.5, TOEFL iBT 72–94, PTE Academic 59–75, TOEIC Listening & Reading 785+.

How do you pronounce "Insurance"?

"Insurance" is pronounced /in-ˈshu̇r-ən(t)s/ and divided into syllables as in·sur·ance.