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fin lit insurance
| Question | Answer |
|---|---|
| claim | a formal request made by the insurance policyholder to the insurance company for payment or services covered by the insurance policy |
| comprensive | an insurance policy that provides complete protection |
| coverage | the risks covered and amount of money paid for the loss |
| deductible | the deductible is the amount you must pay before the insurance company will pay |
| insurance | a financial product (called an insurance contract of policy) that you buy from an insurance company or organization |
| insurance agent | licensed representative who handles the purchase of insurance between the customer and the insurance company |
| loss | death, injury, or damage that is the basis for a claim |
| policy | a contract of insurance |
| policyholder | the person to whom an insurance policy is issued |
| premium | a payment made monthly, twice a year, or yearly, for an insurance policy |
| property insurance | three types; auto, home, and renters |
| risk | chance or possibility or injury, damage, or loss |
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user-1890652