insureɪnˈʃʊər, -ˈʃɜr
insure (v)
- present
- insures
- past
- insured
- past participle
- insured
- present participle
- insuring
English Definitions:
see, check, insure, see to it, ensure, control, ascertain, assure (verb)
be careful or certain to do something; make certain of something
"He verified that the valves were closed"; "See that the curtains are closed"; "control the quality of the product"
guarantee, ensure, insure, assure, secure (verb)
make certain of
"This nest egg will ensure a nice retirement for us"; "Preparation will guarantee success!"
cover, insure, underwrite (verb)
protect by insurance
"The insurance won't cover this"
insure (verb)
take out insurance for
insure (Verb)
To provide for compensation if some specified risk occurs. Often agreed by policy (contract) to offer financial compensation in case of an accident, theft or other undesirable event.
insure (Verb)
To deal in such contracts; subscribe to a policy of insurance
insure (Verb)
To make sure or certain of; guarantee.
insure (Verb)
To give confidence in the trustworthiness of.
insure
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier, or underwriter. A person or entity who buys insurance is known as a policyholder, while a person or entity covered under the policy is called an insured. The insurance transaction involves the policyholder assuming a guaranteed, known, and relatively small loss in the form of a payment to the insurer (a premium) in exchange for the insurer's promise to compensate the insured in the event of a covered loss. The loss may or may not be financial, but it must be reducible to financial terms. Furthermore, it usually involves something in which the insured has an insurable interest established by ownership, possession, or pre-existing relationship. The insured receives a contract, called the insurance policy, which details the conditions and circumstances under which the insurer will compensate the insured, or their designated beneficiary or assignee. The amount of money charged by the insurer to the policyholder for the coverage set forth in the insurance policy is called the premium. If the insured experiences a loss which is potentially covered by the insurance policy, the insured submits a claim to the insurer for processing by a claims adjuster. A mandatory out-of-pocket expense required by an insurance policy before an insurer will pay a claim is called a deductible (or if required by a health insurance policy, a copayment). The insurer may hedge its own risk by taking out reinsurance, whereby another insurance company agrees to carry some of the risks, especially if the primary insurer deems the risk too large for it to carry.
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"insure." Kamus.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.kamus.net/english/insure>.
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