n.
Pronunciation: in- ' shu ̇ r- ə n(t)s also ' in- ˌ
Function: noun
Date: 1651
1 a : the business of insuring persons or property b : coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril c : the sum for which something is insured
2 : a means of guaranteeing protection or safety <the contract is your insurance against price changes>