Similar to joke insurance, facebook insurance is the mutual agreement to like/ comment on a friend's facebook status regardless of what it is, it is usually used to lessen the embarassment of having a really unsuccessful/boring status.

A friend will like/comment on your status, and you return the favour when they post a status, regardless if you have any interest to it.
Sharon is sitting down

*John likes this*

Person 1: Whoa Sharon and John totally have facebook insurance...
Person 2: Totally
by Latem September 2, 2009
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a cookie you grab early in the morning before work or school because you know they will all be gone when you get home.
Fred: "John, come on! We're gonna be late for work!"
John: "Hold up, gotta grab me an insurance cookie."
by Arbag August 24, 2009
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When some one has mafia insurance they usually have some sort of deal with the mafia where they provided money and/or services in exchange for protection.
Hey Sean, don’t mess with that guy he has mafia insurance. If you mess with him, you’ll be in over your head with the mafia.
by Selmer September 5, 2009
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insurance that provides protection from claims arising from injuries or damage to other people or property.
I need Liability Insurance on muh Escalade
by Lkreyna2 June 15, 2012
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Where two parties to a criminal act keep evidence against the other ensuring both mouths stay shut. Because of their actions they are joined like Siamese twins.
For instance, a politician who takes a bribe keeps evidence, Siamese insurance, against the person who bribed him.
by SteveDScot October 9, 2013
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To cheat on your partner preemptively, in order to not feel quite as bad when they inevitably turn out to be capable of the same.
I've just split up from the missus after she slept with my brother. But it's fine, I insurance cheated with her cousin at her best friends wedding when we first met. And I didn't use anything either.
by dinnum2010 January 4, 2010
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To prevent an unwanted incident after evacuating the log tunnel, you should always make sure to do one final wipe of your entire anal crevice and surrounding area to ensure that there is no more shit on your ass.
"I've been feeling really dodgy mate, so I did a couple extra insurance wipes just to be sure.."
by El chicken January 4, 2015
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