insurance meaning and definition

INSURANCE noun

Definition of insurance (noun)

1. 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
2. written contract or certificate of insurance
   • "you should have read the small print on your policy"
   • synonyms: insurance policy, policy
3. protection against future loss
   • synonyms: indemnity