Take out insurance

How it is used

The most natural way to say 'buy insurance' in English. You take out insurance, take out a policy or take out cover, often followed by 'on' or 'for'. Common in advice from agents, banks and travel companies.

Example sentences

1. Most of our customers take out insurance on the same day they collect the car.

2. You should take out travel insurance as soon as you book the trip.

Common collocations

• take out a policy
• take out cover
• take out life insurance
• take out insurance on

Related terms

• insureTo protect someone or something with an insurance policy, either as the company selling the policy or as the customer buying it.
• policyThe written contract between an insurance company and a customer that sets out what is covered, for how long, for how much and on what conditions.
• quoteA statement of how much a policy will cost and on what main terms, given to a customer before they decide to buy.
• premiumThe amount of money a customer pays to an insurance company for a policy, usually once a year or in monthly instalments.

More terms: Policies & Contracts

• insurance
• policyholder
• insurer
• insured
• renewal
• cancellation
• endorsement
• policy schedule
• policy wording
• lapse
• cooling-off period
• insurable interest