INSURANCE • DICTIONARY ONE.COM • Definition of Insurance

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/ɪnʃˈʊrəns/ Listen

Insurance

noun

Promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company.

Written contract or certificate of insurance. Synonyms: insurance policy, policy.

Protection against future loss. Synonym: indemnity.

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"Insurance" Quotes from Famous Books

... nothing strikes the traveller in his approach to the rock of Gibraltar so much as its resemblance to the trade-mark of the Prudential Insurance Company. He cannot help feeling that the famous stronghold is pictorially a plagiarism from the advertisements of that institution. As the lines change with the ship's course, the resemblance is less remarkable; but it is always remarkable, ...

— Roman Holidays and Others • W. D. Howells

... loser, fully insured, has only made what is sometimes called "a good sale" to the companies holding his risk, this is only a way of apportioning the loss whereby the community at large become the sufferers. Thus it is that we find all ably-managed insurance companies earnestly endeavoring to make it plain to the public how fires should be guarded against, or most effectually localized and controlled when ...

— Scientific American, Volume XLIII., No. 25, December 18, 1880 • Various

... like the following of insurance offices; but they were principally for marine risks, as not many fire risks were taken before the beginning ...

— The Olden Time Series: Vol. 2: The Days of the Spinning-Wheel in New England • Various

... register proved that the brig had been built as far back as the last English war, as a private cruiser, but recent and extensive repairs had made her "better than new," as her owner insisted, and there was no question as to her sea-worthiness. It is true the insurance offices blew upon her, and would have nothing to do with a craft that had seen her two score years and ten; but this gave none who belonged to her any concern, inasmuch as they could scarcely have been underwritten ...

— Jack Tier or The Florida Reef • James Fenimore Cooper

... these gloomy views. There are plenty of facts on the other side. The suits of old armour still preserved in our museums prove that, as a rule, we have slightly gained in weight and size. Tables of life insurance companies and reports of statistics show that the average length of human life is greater than it ever was. Dr. Charles D. Meigs used to state in his lectures that the size of the head of American infants at birth is somewhat greater ...

— The Physical Life of Woman: - Advice to the Maiden, Wife and Mother • Dr. George H Napheys

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