Okuzeka
Insurance vocabulary · Policies & Contracts

Insure

Meaning in insurance, with examples

/ɪnˈʃʊr/verbCore term

In insurance, insure means: To protect someone or something with an insurance policy, either as the company selling the policy or as the customer buying it.

In Turkish: sigortalamak, sigorta etmek, sigortalatmak

How it is used

Both sides use it: the company insures its customers, and a customer insures a car or a house. You insure something against a risk ('insure against fire') and for an amount ('insure it for 2 million').

Example sentences

  1. We insure more than 40,000 homes in the Aegean region.

  2. The gallery insured the paintings for their full market value.

Common collocations

  • insure against
  • insure for
  • fully insured
  • insure a vehicle
  • insuranceAn arrangement in which a company agrees to pay for certain losses or damage in exchange for regular payments, so that one person's risk is shared by many.
  • coverTo include a risk, person or cost in an insurance policy, so that the insurance company will pay if a loss happens.
  • take out insuranceTo buy an insurance policy and start a contract with an insurance company.
  • insuredThe person or organisation whose life, health, property or legal responsibility is protected by a policy. It is usually written 'the insured'.

More terms: Policies & Contracts

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This page explains English vocabulary for learners. It is not financial advice.