An arrangement in which you pay money regularly to a company so that they will pay your costs if something bad happens, like an accident, illness, or damage.
From 'insure' + '-ance', from Old French 'enseurer' (to make sure), from 'seur' (sure), ultimately from Latin 'securus' (secure). It began as a way to make things ‘sure’ or guaranteed.
Insurance is a formal way of turning bad-luck disasters into manageable math by spreading risk across many people. You’re basically paying to move a possible future pain into a predictable present cost.
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