insurance
1 of 1noun/ɪnˈʃʊrəns/
1
the arrangement with an institute or agency according to which they guarantee to make up for the damages in the event of an accident or loss
B2Learn more on Wikipedia- He decided to purchase car insurance to protect himself against potential accidents.
- The insurance policy covers damages to the property caused by natural disasters.
- She filed a claim with her health insurance after receiving medical treatment.
- Insurance can provide financial support in the event of an unexpected loss.
- The company’s insurance policy includes coverage for employee injuries on the job.
2
a formal written document or certificate that verifies coverage under an insurance policy
- He showed his insurance before the car rental.
- The hospital requested proof of insurance prior to treatment.
- The insurance specifies the terms and limits of coverage.
- She misplaced her insurance but retrieved a copy from the office.
- The bank requires insurance documentation before approving a mortgage.
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3
protection or financial security against potential future loss or damage
- The company invests in insurance against market fluctuations.
- Life insurance ensures protection for the family after death.
- Insurance against theft gave them confidence to open the store.
- They bought insurance to hedge against unforeseen events.
- He viewed his pension as a form of retirement insurance.
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