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in·sure

insure

 
 
pronunciation:
ihn shur [or] ihn shuhr
part of speech: verb
inflections: insures, insuring, insured
definition: If you insure your house or some other big thing that you own, you pay money for a certain type of protection for that house or other thing. You do this by making an agreement with an "insurance company" that promises to pay you money to fix or replace these things if they get damaged. The amount you pay to the company for their service is small compared to the money that that company pays you if your things gets damaged, BUT, your things might never get damaged, so you may be paying only for the good feeling that your things are protected.
Matt's parents insured their house against fire damage.