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Definition insurance in British English

insurance noun

noun
/ɪnˈʃʊərəns/
1

an arrangement in which you regularly pay an insurance company an amount of money so that they will give you money if something you own is damaged, lost, or stolen, or if you die or are ill or injured

Example

health/life/house/car insurance

Example

You have to take out building and contents insurance as a condition of the mortgage.

Example

They provide free insurance against loss or damage up to £5,000.

Example

Do you have insurance for the house yet?

Example

Can you claim the repairs on your insurance?

Synonyms and related words
1.1

the business of selling insurance to people

Example

He's in insurance.

Synonyms and related words
2

money that you pay regularly to an insurance company

Example

Have you paid your car insurance?

Synonyms and related words
2.1

money that an insurance company agrees to pay you if something that you own is damaged, lost, or stolen, or if you die or are ill or injured

Example

After the fire, they were able to rebuild their house with the insurance.

Synonyms and related words
3

a situation or action intended to prevent something bad from happening or to prevent you from being affected by it if it does happen

Example

The hostages were being held as insurance against further bombing raids.

Synonyms and related words
Definition insurance in British English