Insurance
Pronunciation: /ˌɪnˈʃʊrəns/
Insurance (noun)
- a contract where you pay money to get help if something bad happens, like an accident or theft.
- a method of reducing financial risk by sharing it with an insurance company.
- an action taken to protect against possible problems or danger.
Examples
- She bought insurance to cover her car damages.
- Insurance can help with unexpected medical expenses.
Common collocations: buy insurance, insurance policy, insurance premium, risk management strategy, insurance coverage