Definition of Insurance

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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:

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Insurance Quotations

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

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

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

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

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

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

For almost seventy years the life insurance industry has been a smug sacred cow feeding the public a steady line of sacred bull.
Ralph Nader

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

Simply by not owning three medium-sized castles in Tuscany I have saved enough money in the last forty years on insurance premiums alone to buy a medium-sized castle in Tuscany.
Ludwig Mies van der Rohe

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

Quotes