Definition of "insurance" in English

noun

1. A means of indemnity against a future occurrence of an uncertain event.

   • The car was totalled, but fortunately I had insurance.

2. The business of providing insurance.

   • After five years in banking, I switched to insurance.

3. (figurative) Any attempt to forestall an unfavorable event.

   • The sky was clear, but I took my umbrella for insurance.

4. (blackjack) A bet made after the deal, which pays off if the dealer has blackjack.

   • I only take insurance if the count is right.

5. (countable) An insurance policy.