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What does insurance mean?

Looking for the meaning or definition of the word insurance? Here's what it means.

Noun
  1. A means of indemnity against a future occurrence of an uncertain event.
  2. The business of providing insurance.
  3. Metaphoric: Any attempt to anticipate an unfavorable event.
  4. Blackjack: A bet made after the deal, which pays off if the dealer has blackjack.
  5. (countable) An insurance policy
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Last year in Parliament, Labor's Craig Emerson accused insurance companies of abusing their market power over small smash repairers.
He reviewed bank statements, life insurance policies, and retirement benefits.
The insurance companies in their standard policies exclude damage resulting from water, even if that water is driven by wind.
The report points out that many doctors are engaging in such practices despite a well-publicized crackdown on insurance fraud and abuse.
He hastily recited his life insurance policies and employee bonus programmes.
She absconded with the jewellery and the question was whether the loss was covered by the insurance policy or fell within its exclusion clause.

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