CORE VOCABULARY

insurance broker -> agent who arranges insurance; middleman between insurer & policyholder liability -> when you are legally responsible for something loss -> death, injury, damage etc that is the basis for a claim loss adjuster -> a person who assesses the amount of compensation arising from a claim policy -> a contract of insurance waiting period -> a period of time set forth in a policy which must pass before some or all coverages begin solicitor -> a licensed employee of a fire and casualty agent or broker who may act for the agent or broker in some circumstances quote -> an estimate of the cost of insurance, based on information supplied to the insurance company by the applicant mortgage insurance -> life insurance that pays the balance of a mortgage if the mortgagor (insured) dies homeowner insurance -> an elective combination of coverages for the risks of owning a home; can include losses due to fire, burglary, vandalism or earthquake cancellation -> the termination of insurance coverage during the policy period. actuary -> a person who calculates the probability of accidents, such as fire, flood or loss of property, and informs insurance companies how much they should charge their customers assessor -> a person who calculates the value of something claim -> an application for payment under an insurance policy comprehensive -> (of an insurance policy) all-inclusive; providing complete protection cover -> the protection given by an insurance policy so that you get money if something bad happens employers liability -> liability or responsibility of a firm for damage caused to one of its employees

policyholder -> the person to whom an insurance policy is issued premium -> a payment, usually monthly, yearly etc, for an insurance policy comprehensive insurance -> insurance which financially protects any other vehicles and people that are involved in a car accident with you, in addition to yourself health insurance -> when you make regular payments to an insurance company in exchange for that company paying most or all of your medical expenses life insurance -> a system in which you make regular payments to an insurance company in exchange for a fixed amount of money which will be paid to someone you have named, usually a member of your family, when you die third-party insurance -> insurance that will pay money to a person or group damaged in some way by the person or group who have this insurance unemployment insurance -> money that the government pays to unemployed people who are looking for a job; US: jobseeker's allowance

Insurance - Core Vocabulary

.................... -> the person to whom an insurance policy is issued Your answer: policyholder Insurance - Core Vocabulary ...................... -> a payment, usually monthly, yearly etc, for an insurance policy Your answer: premium Insurance - Core Vocabulary ................... -> insurance which financially protects any other vehicles and people that are involved in a car accident with you, in addition to yourself Your answer: comprehensive insurance

Insurance - Core Vocabulary ........... -> when you make regular payments to an insurance company in exchange for that company paying most or all of your medical expenses Your answer: health insurance Insurance - Core Vocabulary .................. -> a system in which you make regular payments to an insurance company in exchange for a fixed amount of money which will be paid to someone you have named, usually a member of your family, when you die Your answer: life insurance