Insurence vs. Insurance: Decoding the Right Spelling
Edited by Hifza Nasir || By Shumaila Saeed || Published on May 30, 2024
"Insurence" is a common misspelling, while "Insurance" is the correct form referring to a means of protection from financial loss.
Which is correct: Insurence or Insurance
How to spell Insurance?
Insurence is Incorrect
Insurance is Correct
How to remember correct spelling of Insurance?
Remember the correct spelling "Insurance" by thinking of the word "assurance", which is embedded in it and has a similar meaning.
Shumaila Saeed
May 30, 2024
How to use Insurance correctly in a sentence?
Incorrect: My parents just renewed our car insurence.
Correct: My parents just renewed our car insurance.
Shumaila Saeed
May 30, 2024
Incorrect: The company provides life insurence to all its employees.
Correct: The company provides life insurance to all its employees.
Hifza Nasir
May 30, 2024
Incorrect: Insurence helps to protect us from sudden financial loss.
Correct: Insurance helps to protect us from sudden financial loss.
Shumaila Saeed
May 30, 2024
Incorrect: I have health insurence through my school.
Correct: I have health insurance through my school.
Shumaila Saeed
May 30, 2024
Incorrect: The insurence company paid for the damages to our home after the flood.
Correct: The insurance company paid for the damages to our home after the flood.
Hifza Nasir
May 30, 2024
Incorrect: The bicycle was stolen, but thankfully, we had insurence.
Correct: The bicycle was stolen, but thankfully, we had insurance.
Shumaila Saeed
May 30, 2024
Incorrect: They are shopping around for better home insurence rates.
Correct: They are shopping around for better home insurance rates.
Shumaila Saeed
May 30, 2024
Insurance Definitions
The business of providing people with insurance.
He's been in the insurance industry for decades.
Shumaila Saeed
Aug 16, 2023
A means of protection from financial loss.
Health insurance can protect against high medical bills.
Shumaila Saeed
Aug 16, 2023
A thing providing protection against a possible eventuality.
Studying well in advance is good insurance against failing an exam.
Shumaila Saeed
Aug 16, 2023
A contract in which an individual or entity receives financial protection against losses from an insurer.
It's crucial to have car insurance before you drive.
Shumaila Saeed
Aug 16, 2023
A sum of money paid for a specified risk.
The insurance for the cargo was quite high due to its value.
Shumaila Saeed
Aug 16, 2023
Insurance Example Sentences
The insurance policy covers damage caused by natural disasters.
Shumaila Saeed
Aug 16, 2023
His dental insurance paid for the teeth cleaning.
Shumaila Saeed
Aug 16, 2023
The bank requires proof of insurance before giving out a mortgage.
Dua Fatima
Aug 16, 2023
Pet insurance helps cover the cost of veterinary care.
Dua Fatima
Aug 16, 2023
Some people get travel insurance before going on vacation.
Shumaila Saeed
Aug 16, 2023
If you have comprehensive car insurance, it includes theft coverage.
Shumaila Saeed
Aug 16, 2023
The cost of car insurance varies depending on the driver's age and experience.
Shumaila Saeed
Aug 16, 2023
She claimed for the damage on her insurance.
Shumaila Saeed
Aug 16, 2023
Disability insurance provides an income if a worker cannot perform their work due to disability.
Shumaila Saeed
Aug 16, 2023
Liability insurance covers legal costs if you're responsible for an accident.
Shumaila Saeed
Aug 16, 2023
Fire insurance provides compensation for damage caused by fire.
Hifza Nasir
Aug 16, 2023
The shop's insurance will cover the stolen goods.
Hifza Nasir
Aug 16, 2023
Many people consider life insurance as an essential part of financial planning.
Shumaila Saeed
Aug 16, 2023
Insurance Phrases
Life insurance
It is a contract between an insurer and a policyholder to pay a sum of money upon the death of the insured person.
She got life insurance to secure her family's future.
Shumaila Saeed
Aug 16, 2023
Homeowner's insurance
It is a form of property insurance that covers losses and damages to an individual's house.
The flood damage was covered by her homeowner's insurance.
Hifza Nasir
Aug 16, 2023
An insurance policy
It refers to the written contract of insurance.
He just bought an insurance policy for his new car.
Shumaila Saeed
Aug 16, 2023
Health insurance
It is a type of insurance coverage that pays for medical and surgical expenses.
I pay for health insurance every month.
Shumaila Saeed
Aug 16, 2023
Car insurance
It provides financial protection in case of an accident involving the insured vehicle.
I need to renew my car insurance.
Shumaila Saeed
Aug 16, 2023
Insurance premium
It is the amount of money charged by the insurance company for coverage.
The insurance premium for his car went up after the accident.
Dua Fatima
Aug 16, 2023
Travel insurance
It is an insurance product designed to cover the costs and reduce the risk associated with unexpected events during domestic or international travel.
Before going on vacation, they took out travel insurance.
Dua Fatima
Aug 16, 2023
Insurance broker
A professional who offers, negotiates, and sells policies.
I hired an insurance broker to find the best health insurance plan for me.
Shumaila Saeed
Aug 16, 2023
Insurance adjuster
They are insurance company representatives who handle claims from policyholders.
The insurance adjuster came to inspect the damage to my car.
Dua Fatima
Aug 16, 2023
Renter's insurance
Insurance that covers a policyholder's belongings against perils such as fire, theft, and vandalism.
When renting an apartment, it's a good idea to have renter's insurance.
Shumaila Saeed
Aug 16, 2023
Liability insurance
Insurance that provides the insured party with protection against claims resulting from injuries and damage to other people or property.
If you're a business owner, it's crucial to have liability insurance.
Shumaila Saeed
Aug 16, 2023
Insurance claim
It is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss.
He filed an insurance claim after the car accident.
Shumaila Saeed
Aug 16, 2023
Insurance underwriter
The person who evaluates and determines whether to accept or reject an insurance risk.
The insurance underwriter rejected the application due to high risk.
Shumaila Saeed
Aug 16, 2023
Repeatedly Asked Queries
What do you mean by insurance?
"Insurance" is a contract that provides compensation for specific losses in exchange for a periodic payment.
Shumaila Saeed
May 30, 2024
Who is insurance in short?
Insurance, in short, is a protective measure against financial loss due to unforeseen events.
Shumaila Saeed
May 30, 2024
What are the principles of insurance?
The principles of insurance include insurable interest, utmost good faith, indemnity, contribution, subrogation, and proximate cause.
Shumaila Saeed
May 30, 2024
What is the purpose of insurance?
The purpose of insurance is to provide financial protection against potential future losses or damages.
Shumaila Saeed
May 30, 2024
What are benefits of insurance?
The benefits of insurance include financial stability, peace of mind, risk sharing, increasing economic growth, and promoting financial security.
Shumaila Saeed
May 30, 2024
Who is the first insurance?
The concept of insurance has been traced back to ancient civilizations, including the Babylonians, who were known to have a system similar to insurance as early as 1750 BC.
Shumaila Saeed
May 30, 2024
What is insurance and its characteristics?
Insurance is a contract between the policyholder and the insurer, where the insurer agrees to compensate the policyholder for specific losses. Its characteristics include payment of premiums, risk pooling, and indemnification of losses.
Shumaila Saeed
May 30, 2024
What is one example of insurance?
One example of insurance is car insurance, which provides financial coverage in the event of an accident, theft, or damage to the vehicle.
Shumaila Saeed
May 30, 2024
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About Author
Written by
Shumaila SaeedShumaila Saeed, an expert content creator with 6 years of experience, specializes in distilling complex topics into easily digestible comparisons, shining a light on the nuances that both inform and educate readers with clarity and accuracy.
Edited by
Hifza Nasir
Dua Fatima
Shumaila Saeed
