👉 In insurance terminology, "insure" means "to secure," which can be applied to a number of things including money and property. The phrase has become quite a buzzword in recent years.
Imagine you're looking up some policy details for your car insurance, but instead of reading the fine print and checking boxes, you decide to declare your "insurance declaration page." What would that mean? "It's time for the 'insurance declaration page,' where we take on the responsibility to explain everything about our policy so you know exactly what is covered and who pays," says a customer. "But wait! We don't have to do this. There's something in there called 'the premium reduction.' It means your insurance company will lower your rates if you file a claim that's not covered by the policy." So, when you're dealing with insurance declarations, you're really just asking for a refund of money you never paid in the first place!
