Insure

To insure means to provide a form of protection or financial compensation against loss, damage, illness, or death, typically through a contract with an insurance company. This process allows individuals or entities to transfer the risk of financial loss to the insurer, ensuring peace of mind and security for uncertain future events.

Insure meaning with examples

• When purchasing a new home, it's vital to insure the property against natural disasters such as floods or earthquakes. Homeowner’s insurance not only offers financial protection but also provides liability coverage should someone get injured on your property. Having this coverage gives homeowners peace of mind that their investment is secure against unforeseen events.
• Before embarking on an expensive international trip, many travelers choose to insure their trip in case of cancellations or health emergencies. Travel insurance can reimburse costs associated with flight cancellations, medical emergencies abroad, or lost luggage. This financial safety net helps travelers feel secure, allowing them to enjoy their adventures without worrying about potential mishaps.
• Business owners often decide to insure their operations against potential risks like cyber-attacks, property damage, or liability claims. Commercial insurance policies can help mitigate the financial impact of unexpected events, providing stability and reassurance. By securing adequate coverage, business owners can focus on growth and innovation without constant fear of financial loss.
• Parents often choose to insure their children’s health through comprehensive health insurance plans. Such policies can cover routine check-ups, vaccinations, and unforeseen medical emergencies. Ensuring children are covered allows parents to seek necessary medical care without the burden of overwhelming financial stress, thus prioritizing their children's health and well-being.