Types Of Insurance Vocabulary List

1 n protection against future loss synonyms.

Types of insurance vocabulary list. 1 the state of being liable 2 anything for which a person is liable. 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. Good insurance brokers find the best deals for their clients and bad ones find the highest commissions. The insurer firsts value the property and then undertakes to pay compensation up to that value in the case of loss or damage.

This does not cover self inflicted injury intentional harm from another person homicide sickness or death from natural causes. 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. Motorbike and scooter insurance. 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.

Landlord and renters insurance. Middleman between insurer and policyholder. Life insurance or personal insurance property insurance marine insurance fire insurance liability insurance guarantee insurance. Types of insurance vocabulary list grm dgrturror t ii.

The insurance vocabulary list accident insurance covers the medical expenses as the result of a bodily injury or death. This is known as an all in one policy. Types of fire insurance. It has a wide coverage and includes damages due to fire.

7 types of insurance are. The company did all it could to avoid liability for the damage it caused. Agent who arranges insurance. Paid to people or companies so concerned about hazards that they have made prepayments to an insurance company types.

It covers the damages to properties lying at different places. Types of insurance.