OR:
Enter Search Word
Insured A person who has taken out an insurance policy to protect themselves from unexpected events. ■ "I'm so glad I'm insured against theft, because I had a diamond stolen from my jewelry box last night."
insure To guarantee that something will happen, usually by purchasing a policy or insurance contract. ■ "I insured my car with the most comprehensive policy possible to avoid any unexpected damages."
insurance An agreement between a person or entity and an insurer to transfer the risk of loss from the insured party to the insurer, in exchange for a premium. ■ I bought insurance on my car to protect against theft, but I forgot to lock it and now I have to file a claim because my car was stolen. Ha!