Advertisement Upgrade to remove ads

insurance

protection against possible financial loss

insurance company

a risk sharing business that agrees to pay for losses that may happen to someone it insures

policy

a persons joins the risk sharing group by purchasing a contract

policyholder

the purchaser of the policy

premium

a fee that the policyholder pays the company

coverage

the protection provided by the terms of an insurance policy

insured

people protected by the policy

risk

the chance of loss or injury

peril

anything that may possibly cause a loss

hazard

anything that increases the likelihood of loss through some peril

negligence

the failure to take ordinary or reasonable care to prevent accidents from happening

deductible

the set amount that the policyholder must pay per loss on an insurance policy

claims

or requests for payment to cover financial losses

liability

legal responsibility for the financial cost of another persons losses or injuries

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions above and try again

Example:

Reload the page to try again!

Reload

Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

NEW! Voice Recording

Create Set