insurance

insurance
in‧sur‧ance S2 W2 /ɪnˈʃʊərəns $ -ˈʃʊr-/ noun
1. [uncountable] an arrangement with a company in which you pay them money, especially regularly, and they pay the costs if something bad happens, for example if you become ill or your car is damaged ⇨ assurance, third party insurance:
    Your father took out insurance to cover the mortgage.
    health/car/travel etc insurance
    insurance against
    insurance against loss of income due to unemployment
    insurance on/for
    Do you have insurance on your house and its contents?
    claim (for) something on your insurance (=get an insurance company to pay for something)
    We can probably claim the damage on our insurance. ⇨ life insurance
2. [uncountable] the business of providing insurance:
    My brother works in insurance.
    insurance company/group etc
    the insurance industry
3. [uncountable] British English the money that you pay regularly to an insurance company
   SYN  insurance premium
    insurance on
    How much is the insurance on your car?
4. [singular, uncountable] protection against something bad happening
    insurance against
    An extra lock on the door is an added insurance against burglars.
⇨ National Insurance
     

COLLOCATIONS

■ ADJECTIVES/NOUN + insurance
   ▪ health/medical insurance None of her family have private health insurance.
   ▪ travel insurance Most banks are also able to arrange travel insurance.
   ▪ car/motor insurance He was fined for driving without motor insurance.
   ▪ house/home insurance The damage may be covered by your house insurance.
   ▪ life insurance Surprisingly few families have adequate life insurance.
   ▪ accident insurance You also get free travel accident insurance if you pay for your tickets with a credit card.
   ▪ comprehensive insurance (=car insurance that pays for damage whether it is caused by you or by someone else) The cost of comprehensive insurance is likely to drop.
   ▪ third-party insurance (=insurance that pays money to someone who is hurt or whose property is damaged by something you have done) You are legally obliged to take out third-party insurance.
■ insurance + NOUN
   ▪ an insurance policy (=an insurance agreement) This insurance policy represents excellent value for money.
   ▪ an insurance claim She filed an insurance claim for the missing jewellery.
   ▪ an insurance company Rachel works for an insurance company.
   ▪ an insurance broker (=a company or person that arranges and sells insurance to people) Bellingham practised as an insurance broker.
   ▪ an insurance scheme The costs involved in private medical insurance schemes have risen steeply.
   ▪ an insurance premium (=money that you pay regularly to an insurance company) Your insurance premium is payable when you make your holiday booking.
   ▪ an insurance payment He'd fallen behind with his insurance payments.
   ▪ an insurance certificate/a certificate of insurance The courts recognize the insurance certificate as evidence of being insured.
   ▪ insurance cover The scheme provides full insurance cover for pre-existing medical conditions.
   ▪ insurance fraud Insurance fraud costs the industry millions of pounds each year.
   ▪ an insurance salesman He offered me a post as a life insurance salesman.
   ▪ the insurance industry The insurance industry is very competitive.
■ verbs
   ▪ have insurance (=have an insurance policy) Do you have insurance on your yacht?
   ▪ be covered by insurance (=be included in an insurance policy) Flood damage isn't covered by the insurance.
   ▪ take out insurance (=buy an insurance policy) We decided to take out insurance on the house and its contents.
   ▪ get insurance informal: I'm thinking of getting house insurance.
   ▪ buy insurance You can buy insurance against risks of all kinds.
   ▪ claim something on your insurance (=get an insurance company to pay for something) He claimed the money back on his travel insurance.
   ▪ arrange insurance A finance company will be able to arrange insurance for you.
   ▪ sell insurance The company sells insurance alongside its electrical products.
   ▪ insurance covers something The insurance covered the cost of rebuilding the house after the fire.
   ▪ insurance pays for something His insurance paid for the damage to the car.