Insurance

Pronunciation: /ɪnˈʃʊr.əns/

Definitions of insurance

noun a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium

Example Sentences

A1 I bought insurance for my new car.

A2 Health insurance is important to cover medical expenses.

B1 Travel insurance can protect you in case of trip cancellations.

B2 Life insurance provides financial security for your loved ones.

C1 Insurance companies offer a range of policies to suit different needs.

C2 Understanding the terms and conditions of your insurance policy is crucial for making a claim.

Examples of insurance in a Sentence

formal It is important to have insurance coverage for your home in case of any unexpected events.

informal I just got a great deal on car insurance for my new vehicle.

slang I can't believe how much I had to pay for insurance on my phone.

figurative Having a good support system is like having insurance for life's challenges.

Grammatical Forms of insurance

• plural: insurances
• comparative: more insurance
• superlative: most insurance
• present tense: insure
• future tense: will insure
• perfect tense: has insured
• continuous tense: is insuring
• singular: insurance
• positive degree: insurance
• infinitive: to insure
• gerund: insuring
• participle: insured

Origin and Evolution of insurance

First Known Use: 1601 year

Language of Origin: French and Latin

Story behind the word: The word 'insurance' is derived from the French word 'ensurer' and the Latin word 'securus', meaning 'safe' or 'secure'.

Evolution of the word: Originally used in the 17th century to refer to a practice of guaranteeing compensation for specified loss, injury, illness, or death in exchange for payment, the meaning of 'insurance' has evolved to encompass a wide range of risk management strategies and financial protection services.