Etymology:
Meaning:
To protect against financial loss or damage by obtaining a contract (insurance policy) from an insurance company.
Origin:
The word "insure" originates from the Latin phrase "ad securum", which means "to make secure". This phrase was used in Roman law to refer to the practice of providing a guarantee or security against loss or damage.
Over time, "ad securum" evolved into "assecurāre" in Late Latin and then "asseürer" in Old French. The word entered Middle English as "assurer", and eventually became "insure" in modern English.
The term "insurance" first appeared in the 13th century to describe a type of contract that protected against losses at sea. By the 16th century, insurance had expanded to cover other areas such as fire, theft, and accidents.
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