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in·sur·ance

insurance

 
 
pronunciation:
ihn shu rns [or] ihn shuh rns
part of speech: noun
definition: Insurance is a kind of protection against bad things happening to you. The protection comes from a promise of an "insurance company" to pay money to you if certain bad things happen. In order to have this protection, you pay the company some amount of money regularly. People have insurance to help them in case something happens like a fire, flood, car accident, or theft. There are many kinds of insurance.
After the fire, they got enough money from their insurance to buy a new house.