Insurance Vocabulary Review

An unplanned and unexpected event which occurs suddenly and at a definite place.

• Theft

• Burglary

• Accident

• Robbery

Tags

CCSS.RI.11-12.4

CCSS.RI.3.10

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

The insurance company representative who sells policies on behalf of the insurer.

• Adjuster

• Insurer

• Policyholder

• Agent

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

Someone who has an insurance policy/The person who gets insurance.

• Agent

• Broker

• Policyholder

• Theft

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

The party that provides or render services, on the happening of specified events.

• Broker

• Insurer

• Adjuster

• Advisor

Estimation of the value of an item.

• Valuation

• Contract

• Assignor

• Adjuster

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Percentage of the expenses covered by the present insurance that the policyholder should pay/ The amount of a claim not covered by insurance policy which policyholder is responsible to pay.

• Coverage

• Coinsurance

• Premium

• Reimbursement

Tags

CCSS.6.RP.A.3C

The scope of the protection provided under a contract

• Coverage

• Expenses

• Coinsurance

• Copayment

Tags

CCSS.L.11-12.4C

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.9-10.4C

An agreement between two or more parties which is enforceable by law.

• Coinsurance

• Copayment

• Contract

• Law

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Fixed percentage indicated in the particular conditions that the policyholder should pay directly before receiving medical and hospital services covered by the policy.

• Coverage

• Coinsurance

• Premium

• Copayment

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

The amount of money the policyholder must pay on a loss.

• Discount

• Bonus

• Deductible

• Premium

Tags

CCSS.L.11-12.4C

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.8.4C

CCSS.L.9-10.4C