insurance

Definition

The adult version of 'just in case,' where you pay someone monthly to maybe help you later when disaster strikes. It's essentially a bet where you're hoping to lose: you give them money, and if nothing bad happens, they keep it and everyone's happy. The entire industry runs on actuarial tables, fine print, and the mathematical certainty that most people will pay more than they'll ever claim.

Example Usage

She finally got renters insurance after her neighbor's apartment flooded and destroyed everything she owned.

Source: Financial services terminology

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