Insurance Vocabulary Beyond High School
Terms in this set (12)
A formal request made by the insurance policyholder to the insurance company for payment or services covered by the insurance policy.
An insurance policy that provides complete protection.
The risks covered and amount of money paid for the loss.
The deductible is the amount you must pay before the insurance company will pay.
A financial product (called an insurance contract or policy) that you buy from an insurance company or organization.
Licensed representative who handles the purchase of insurance between the customer and the insurance company.
Death, injury, or damage that is the basis for a claim.
A contract of insurance.
The person to whom an insurance policy is issued.
A payment made monthly, twice a year, or yearly for an insurance policy.
Three types: auto, home and renters.
Chance or possibility of injury, damage or loss.
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