Types Of Insurance Vocabulary List

Types of fire insurance.

Types of insurance vocabulary list. It has a wide coverage and includes damages due to fire. 1 the state of being liable 2 anything for which a person is liable. 7 types of insurance are. Life insurance or personal insurance property insurance marine insurance fire insurance liability insurance guarantee insurance.

This is known as an all in one policy. Types of insurance. Middleman between insurer and policyholder. Agent who arranges insurance.

Protection shelter the condition of being protected n promise of reimbursement in the case of loss. Motorbike and scooter insurance. Insurance is categoriezed based on risk type and hazards. 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.

The insurer firsts value the property and then undertakes to pay compensation up to that value in the case of loss or damage. Good insurance brokers find the best deals for their clients and bad ones find the highest commissions. 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. The insurance vocabulary list accident insurance covers the medical expenses as the result of a bodily injury or death.

1 n protection against future loss synonyms. 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. This does not cover self inflicted injury intentional harm from another person homicide sickness or death from natural causes. The company did all it could to avoid liability for the damage it caused.

Types of insurance vocabulary list grm dgrturror t ii. Paid to people or companies so concerned about hazards that they have made prepayments to an insurance company types.