2. The premium paid for insuring property or life.
3. The sum for which life or property is insured.
4. A guaranty, security, or pledge; assurance. [Obs.] The most acceptable insurance of the divine protection. Mickle. Accident insurance, insurance against pecuniary loss by reason of accident to the person. — Endowment insurance or assurance, a combination of life insurance and investment such that if the person upon whose life a risk is taken dies before a certain specified time the insurance becomes due at once, and if he survives, it becomes due at the time specified. — Fire insurance. See under Fire. — Insurance broker, a broker or agent who effects insurance. — Insurance company, a company or corporation whose business it is to insure against loss, damage, or death. — Insurance policy, a certificate of insurance; the document containing the contract made by an insurance company with a person whose property or life is insured. — Life insurance. See under Life.
INSURANCER
In*sur"an*cer, n.
Defn: One who effects insurance; an insurer; an underwriter. [Obs.] Dryden. hose bold insurancers of deathless fame. Blair.
INSURANT
In*sur"ant, n.
Defn: The person insured. Champness.
INSURE
In"sure, v. t. [imp. & p. p. Insured; p. pr. & vb. n. Insuring.]
Etym: [OE. ensuren, prob. for assuren, by a change of prefix. See 1st
In-, and Sure, and cf. Assure, Ensure.] [Written also ensure.]
1. To make sure or secure; as, to insure safety to any one.
2. Specifically, to secure against a loss by a contingent event, on certain stipulated conditions, or at a given rate or premium; to give or to take an insurance on or for; as, a merchant insures his ship or its cargo, or both, against the dangers of the sea; goods and buildings are insured against fire or water; persons are insured against sickness, accident, or death; and sometimes hazardous debts are insured.