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Consumer Business2

Cool

QuestionAnswer
A policyholder's request for payment for a loss that is covered by the insurance policy Claim
The sharing of expenses by the policyholder and the insurance company Coinsurance
The amount you must pay before the insurance company pays a claim Deductible
The possibility of incurring a loss related to property liability and one's own personal well being Economic risk
The planned protection provided by sharing economic losses Insurance
A person who sells insurance Insurance Agent
Businesses that provide planned protection against economic loss Insurance Companies
The person for whom risk is assumed by an insurance company Insured or Policyholder
Potential losses to others that occur as a result of injury or damage that you may have caused Liability Risk
Risks associated with illness, disability, loss of income, unemployment, old age, and premature death Personal Risk
A contract that states the conditions Policy
Premium
Property Risk
Risk
Self-insured
Created by: aumoll
 

 



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