1. a contract that provides financial protection against loss, damage, illness, or death in exchange for regular payments
2. the business of providing insurance contracts
3. something that provides protection or security against possible problems
Usage: figurative

Examples

• She bought car insurance before driving her new vehicle.
• The insurance company paid for the repairs after the accident.
• Health insurance helps cover medical expenses.
• He works in the insurance industry as an agent.
• They kept extra food as insurance against bad weather.
• Life insurance provides financial security for families.
• The insurance policy covers theft and fire damage.