insuring
Protecting against loss
Insuring is the act of obtaining or providing insurance coverage against loss, damage, or risk: We're insuring the house for its full replacement value.
More broadly, insuring means making certain or guaranteeing an outcome: Taking notes is a way of insuring you remember the details.
In this second sense, insuring overlaps with ensuring, though careful writers sometimes distinguish them—insuring for financial protection, ensuring for general certainty.
Preventing harm or loss
- securingMaking firmly fixed
- shieldingProtecting from harm
- guardingActively protecting something
- coverageExtent of inclusion
indemnification · guaranteeing · hedging · backstopping · risk mitigation · loss prevention · financial security · peace of mind
Adopted principle of action
- premiumAdded cost for better
- deductibleOut-of-pocket threshold amount
- underwritingRisk evaluation and acceptance
- actuaryFinancial risk analyst
claims · beneficiary · liability · indemnity · exclusions · endorsement · riders · adjuster
Risk evaluation and acceptance
- actuarialOf risk calculation
- probabilityQuantified chance of occurrence
- exposureState of being unprotected
- hazardSource of potential harm
peril · assessment · pooling · diversification · liability · catastrophe · uncertainty · moral hazard
safeguarding
Preventing harm or loss
coverage · indemnification · guaranteeing · hedging · backstopping · risk mitigation · loss prevention · financial security · peace of mind · asset protection
policy
Adopted principle of action
- premiumAdded cost for better
- deductibleOut-of-pocket threshold amount
- underwritingRisk evaluation and acceptance
actuary · claims · beneficiary · liability · indemnity · exclusions · endorsement · riders · adjuster · annuity
underwriting
Risk evaluation and acceptance
- actuarialOf risk calculation
- probabilityQuantified chance of occurrence
- exposureState of being unprotected
hazard · peril · assessment · pooling · diversification · liability · catastrophe · uncertainty · moral hazard
- car experiencesdriving, parking, commuting, car wash, road trip
- commercetrade, banking, merchant, imports, sales
- defensedefense, defending, protecting, protection, security
- logisticsshipping, delivery, warehouses, warehousing, shipment
- home activitiescleaning, cooking, sleeping, bathing, eating
- preparationprepare, preparing, ready, readies, readiness
insuringgambling
Betting on uncertain results
risking · betting · speculating · wagering · hazarding
insuringexposing
Making something known
endangering · neglecting · abandoning · imperiling · jeopardizing
ensure, insure, insurance, assurance, assure, ensured, insured, reassuring, assuredly