Meaning of the word insure in English

What does insure mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

insure

US /ɪnˈʃʊr/
UK /ɪnˈʃɔːr/

Verb

to arrange for compensation in the event of damage to or loss of (property), or injury to or the death of (someone), in exchange for regular payments to a company or to the state

Example:
You should insure your car against theft.
Many people insure their homes against fire and natural disasters.