Types Of Insurance Vocabulary List

7 types of insurance are.

Types of insurance vocabulary list. 1 n protection against future loss synonyms. Agent who arranges insurance. T automobile insurance provides pavments for both liabilitv and property insurance on a vehicle 1 l beneficia ry someone who receives insurance monev if the insured person dies 5 claim the paperwork describing the accident illness or injury that is submitted to the insurance oreanization a co insu ra nce an amount of money. 1 the state of being liable 2 anything for which a person is liable.

Life insurance or personal insurance property insurance marine insurance fire insurance liability insurance guarantee insurance. Middleman between insurer and policyholder. Types of insurance vocabulary list grm dgrturror t ii. It has a wide coverage and includes damages due to fire.

Types of insurance. Landlord and renters insurance. A financial product called an insurance contract or policy purchased by many people facing a similar risk to protect against the risk of larger losses. Types of fire insurance.

It covers the damages to properties lying at different places. Protection shelter the condition of being protected n promise of reimbursement in the case of loss. The company did all it could to avoid liability for the damage it caused. Here you will find the essential insurance vocabulary and the meaning of words such as continuous insurance consequential loss cover insurer insurance broker liability coverage limits of insurance reinsurance and more.

Insurance is categoriezed based on risk type and hazards. Motorbike and scooter insurance. Good insurance brokers find the best deals for their clients and bad ones find the highest commissions. This is known as an all in one policy.

Some of the common types are. Paid to people or companies so concerned about hazards that they have made prepayments to an insurance company types.