Word forms: (present) takes ouut insurance, (past) took out insurance, (perfect) taken out insurance, (progressive) taking out insurance
(Insurance: General) If you take out insurance, you purchase coverage from an insurance company. ▶ insurance1, insurance2, insurance3
⇒ In some countries buyers must use domestic insurers for compulsory coverages, but
are free to take out insurance from foreign insurers when coverage is not available from domestic insurers. ⇒ If the life insured commences smoking after taking out insurance at non-smoker rates, they may have an obligation to inform the insurance company
who will then apply the applicable smoker rates. ⇒ If you take out insurance, you purchase coverage from an insurance company.
Collins English Dictionary. Copyright © HarperCollins Publishers