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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


Insurance Quotations

Insurance is really based on looking at the past.
Don Griffin

Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.
John W. Snow

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

Everyone should have health insurance? I say everyone should have health care. I'm not selling insurance.
Dennis Kucinich

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

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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