What is another word for insurance?
Pronunciation: [ɪnʃˈʊ͡əɹəns] (IPA) 
Insurance is an important aspect of financial planning. It provides protection against potential financial loss due to unexpected events like accidents, illnesses, or damage to property. There are various synonyms for the word insurance that are commonly used in the insurance industry. Some of the common synonyms are coverage, assurance, protection, security, indemnity, and guarantee. These terms convey the same idea of safeguarding against unexpected financial losses. Insurance companies use these terms interchangeably in their marketing and advertising efforts to help clients understand the importance of having insurance coverage. It is essential to have adequate insurance coverage to protect oneself from unexpected financial losses and ensure peace of mind.
