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WordNet-Online
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Definitions from the WebTerm: InsuranceDescription:Insurance is a contract between an individual or an entity and an insurance company, where the policyholder pays a premium in exchange for financial protection against potential losses or damages. It provides security and coverage for various aspects of life, including health, property, vehicle, and more. Sample Sentences:1. I need to purchase insurance for my new car to protect it from any potential accidents or damages. 2. John's health insurance covered the majority of his medical expenses, relieving him of a significant financial burden. 3. The insurance company compensates policyholders in case of unexpected events, such as natural disasters or theft. 4. Mary realized the importance of life insurance when she witnessed the financial struggles of a family without any coverage after the sudden death of their breadwinner. Possible Related Products: | ||||
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