insurance ( insurances plural )
1 n-var Insurance is an arrangement in which you pay money to a company, and they pay money to you if something unpleasant happens to you, for example if your property is stolen or damaged, or if you get a serious illness.
oft N n
The insurance company paid out for the stolen jewellery and silver..., We recommend that you take out travel insurance on all holidays.
2 n-var If you do something as insuranceagainst something unpleasant happening, you do it to protect yourself in case the unpleasant thing happens. usu N against n The country needs a defence capability as insurance against the unexpected.
insurance adjuster ( insurance adjusters plural ) An insurance adjuster is the same as a claims adjuster.
(AM, BUSINESS) n-count
in BRIT, use loss adjuster
Life insurance is a form of insurance in which a person makes regular payments to an insurance company, in return for a sum of money to be paid to them after a period of time, or to their family if they die. n-uncount
I have also taken out a life insurance policy on him just in case.
In Britain, national insurance is the state system of paying money to people who are ill, unemployed, or retired. It is financed by money that the government collects from people who work, or from their employers. (BUSINESS) n-uncount