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English to English noun 1. promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company  source: wordnet30
2. written contract or certificate of insurance you should have read the small print on your policy source: wordnet30
3. protection against future loss source: wordnet30
4. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or guarantee another against loss by certain specified risks. Cf. Assurance, n., 6. source: webster1913
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