Insurance Terms Vocabulary Quizlet
Terms in this set 20 insurance.
Insurance terms vocabulary quizlet. An anti theft device is one that you use to deter someone from stealing your car. Insurance a formal social device for reducing risk by transferring the risks of several individual entities to an insurer. Policy documents contain a number of insurance terms because they typically define the limitations of risk and liability on the insured and any exclusions of coverage. These car insurance terms will help to educate you and help you to get the best deals on car insurance.
Do not accept your insurance carrier s underpayment or wrongful denial of your residential foundation damage claimmany insurance companies have changed their policies and coverage related to residential foundation and water damage claims. A form of risk protection that exchanges the uncertainty of a possible large financial loss for a certain smaller payment. A vocabulary list featuring insurance claim. Quizlet makes simple learning tools that let you study anything.
Practice and master them all with a quizlet study set. French vocabulary lesson insurance assurance. Start studying insurance vocab. The insurer agrees for a consideration to assume to a specified extent the losses suffered by the insured.
Good insurance brokers find the best deals for their clients and bad ones find the highest commissions. Continuous insurance policyholder has been insured by one or more insurance companies without any lapse in coverage for a specified period of time. Consequential loss a loss that happens as a consequence of or as a result of another. Use this informative property and casualty insurance glossary to better understand basic insurance terms and definitions.
It can be anything from an electronic car alarm that goes off if your vehicle gets tampered with to a bar that you lock across your. Cover the protection given by an insurance policy. The company did all it could to avoid liability for the damage. One of the most common insurance vocabulary words.
Here is a list of basic french vocabulary you will find very useful when you need to take out an insurance policy in france. 1 the state of being liable 2 anything for which a person is liable. Learn insurance industry vocabulary that will help you better understand your insurance policies. Learn vocabulary terms and more with flashcards games and other study tools.
Agent who arranges insurance.
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