verb
insure
in-SHOOR/ɪnˈʃʊr/
Provide financial protection against loss through an insurance policy.
This company insures homes against damage from fires and storms.
Etymology
To insure originally meant to give assurance or make safe. The financial meaning specializes that promise of security: providing protection against loss in return for premiums.
In context
Office boys came forth from the various houses laden with letters, and middle aged clerks carried in black bags packets of precious stones in order to insure them for transmission by post.
More examples
- We insure our car through a local insurance company.
- The museum insures each painting for its full value.
- Our policy does not insure the house against flood damage.
Forms
insure · insures · insured · insuring
insurance noun — Financial protection against losses under a policy.
insurer noun — A company that provides insurance coverage.
Similar words
- cover
- Emphasizes the particular risks or losses a policy includes.
- underwrite
- Emphasizes accepting financial responsibility for an insurance risk.