ɪnˈdɛmnɪti ɪn.ˈʃʊɹ.əns ɪn.ˈʃʊə.ɹəns written contract or certificate of insurance you should have read the small print on your policy promise of reimbursement in the case of loss; paid to people or companies so concerned about hazards that they have made prepayments to an insurance company protection against future loss