What is insure in insurance?
Asked by: Ms. Mylene Bogisich | Last update: December 25, 2025Score: 4.6/5 (55 votes)
What does "insure" mean?
To insure is to guarantee or protect the monetary value of something with, as you might imagine, insurance. We insure, or protect, our homes and cars and other valuables against loss or damage from accidents by taking out insurance policies.
What does "insured" mean in insurance?
An insured is someone protected under an insurance contract. A named insured is just another term for the policyholder — the person or entity who owns and can modify the policy.
What is an example of insure?
Examples of insure in a Sentence
We insured our house against fire and flood damage. I found a company that will insure my car for less than I've been paying. This policy will insure your car against theft. She had difficulty finding a company that would insure her.
What's the difference between insure and ensure?
"To ensure" means to make certain. "To insure" means to protect against risk by regularly paying an insurance company. Example: I assure you that she is a skilled technician.
What is Insured , insurer , Policy , premium ? Insurance Awareness for LIC AAO , ADO 2023
When to use Ensure?
To assure someone is to remove someone's doubts. To ensure something is to make sure it happens—to guarantee it. To insure something or someone is to cover it with an insurance policy.
Is Insure.com legit?
Insure.com has been in business since 1999. The company is owned by the online marketing company Quinstreet. Both Insure.com and Quinstreet are based in San Mateo, California. Quinstreet maintains an A+ rating with the Better Business Bureau, though the company isn't accredited.
What is a better word for insure?
Some common synonyms of insure are assure, ensure, and secure. While all these words mean "to make a thing or person sure," insure sometimes stresses the taking of necessary measures beforehand.
Who is insured in an insurance policy?
Insured is a person or legal entity whose financial losses are covered by the insurance policy. Under general and health insurance policies the insured is entitled to receive the benefit amount from the insurer for the covered financial loss.
Is Insure a good car insurance?
Ninety-four Insure.com customers provided feedback, with 80 percent of those giving the company a positive rating.
Is it good to be insured?
Insurance is an important financial tool. It can help you live life with fewer worries knowing you'll receive financial assistance after a disaster or accident, helping you recover faster.
What happens if your car is insured?
Car insurance covers damage to your vehicle and protects you financially if you're liable for someone else's injuries or damages. Auto insurance can also pay for medical bills if you or your passengers are injured in an accident or if you're hit by a driver who is uninsured or underinsured.
What happens if you are under insured?
In the event of a claim, being underinsured may result in economic losses for the policyholder, since the claim could exceed the maximum amount that could be paid out by the insurance policy.
What is an example of ensure?
The book ensured his success. We must take steps now to ensure the survival of these animals. ensure somebody something Victory ensured them a place in the final. The system ensures all children equal access to education.
Am I insured or is the car?
Contrary to popular belief, car insurance typically follows the car — not the driver. If you let someone else drive your car and they get in an accident, your insurance company would likely be responsible for paying the claim, depending on the coverages in your policy.
How do you insure something?
There are several options for insuring your valuable items. First, you can add a rider to your homeowners' insurance policy, which increases the coverage limit for a specific category, such as jewelry. The other option within your existing homeowners' insurance is a floater policy, which covers a specific item.
Is the insured the owner?
In most cases, a life insured and a policy owner are the same individuals, but they can be different individuals as well.
What are the top 3 types of insurance?
Life insurance will help provide financially for your survivors. Health insurance protects you from catastrophic bills in case of a serious accident or illness. Long-term disability protects you from an unexpected loss of income. Auto insurance prevents you from bearing the financial burden of an expensive accident.
Who is the insured in an insurance claim?
As mentioned earlier, the 'insurer' is the one calculating risks, providing insurance policies, and paying out claims. The 'insured,' on the other hand, is the person (or people) covered under the insurance policy.
What does it mean to get insured?
to protect yourself against risk by regularly paying a special company that will provide a fixed amount of money if you are killed or injured or if your home or possessions are damaged, destroyed, or stolen: be insured for The house is insured for two million dollars.
What do you call people who are insured?
So, insured party, the policyholder and insured party. If you pay for someone's insurance, the person is the policyholder, not you. Your daughter is the policyholder and you are the wallet man. [
What does the word insure stand for?
to guarantee against loss or harm. 2. to secure indemnity to or on, in case of loss, damage, or death. 3. to issue or procure an insurance policy on or for.
Who typically has the cheapest insurance?
Geico, Nationwide and Travelers are among the least expensive for car insurance. Americans are paying a lot for car insurance these days: Average annual rates for a full coverage policy are up to $2,638 per year, while minimum coverage averages $767 per year.
Who is the most trusted insurance company?
- Travelers: Best car insurance company overall.
- Auto-Owners: Best for affordability.
- State Farm: Best mobile app ratings.
- American Family: Best for customer satisfaction.
- USAA: Best for military members.
Should I trust my insurance agent?
In times of need, such as when filing a claim, having an agent you trust makes the process smoother, ensuring that your concerns are addressed promptly and effectively. In conclusion, trusting your insurance agent is crucial in securing the right coverage and achieving peace of mind.