insurance

Reading level: hard

Estimated CEFR level: C1 — Advanced

Estimated from word frequency; not an official CEFR classification.

Definition

noun 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
noun written contract or certificate of insurance
noun protection against future loss

From the older form ensurance, see also assurance. By surface analysis, insure + -ance.

Now insurance companies are powerful corporations. — By Advice of Counsel, Arthur Cheney Train
An insurance calendar on the wall. — The best short stories of 1917, and the yearbook of the American short story, Unknown
He was an insurance patrolman then. — Children of the Tenements, Jacob A. (Jacob August) Riis

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