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WorksheetsInsurance Vocabulary
Total questions: 13
Worksheet time: 7mins
Agent
Property insurance that covers damage or loss to an individual’s residence, along with furnishings and other assets in the home.
A person who investigates and settles insurance claims.
A person who sells insurance policies.
A person who derives advantage from something, like a trust or life insurance policy.
Premium
The amount paid by a policyholder to an insurance company to obtain or maintain an insurance policy.
The cost associated with replacing property at current market prices.
The insurance company’s estimate of what they can offer you, and at what cost to your pocketbook in the event of an accident or disaster.
A contract that guarantees the insurance company pays a sum of money to named beneficiaries when the insured policyholder dies.
Liability
The insurance company’s estimate of what they can offer you, and at what cost to your pocketbook in the event of an accident or disaster.
The cost associated with replacing property at current market prices.
The amount the insured must pay for a loss before any payment is due from the company.
Responsibility to another person for one’s own negligence.
Replacement Cost
The cost associated with replacing property at current market prices.
The insurance company’s estimate of what they can offer you, and at what cost to your pocketbook in the event of an accident or disaster.
A contract that guarantees the insurance company pays a sum of money to named beneficiaries when the insured policyholder dies.
The contract issued by the insurance company to the policyholder.
Life Insurance
A contract that guarantees the insurance company pays a sum of money to named beneficiaries when the insured policyholder dies.
Homeowners insurance can also provide liability coverage against accidents in the home or on the property.
A person who derives advantage from something, like a trust or life insurance policy.
The person or party who owns an individual insurance policy. Also called a policyholder.
Adjuster
A person who derives advantage from something, like a trust or life insurance policy.
A person who investigates and settles insurance claims.
A person who sells insurance policies.
The person or party who owns an individual insurance policy. Also called a policyholder
Policy
Provides coverage for a policyholder’s belongings, liabilities, and possibly living expenses in the event of a loss.
The amount paid by a policyholder to an insurance company to obtain or maintain an insurance policy.
The contract issued by the insurance company to the policyholder.
A person who derives advantage from something, like a trust or life insurance policy.
Policy Owner
A person who derives advantage from something, like a trust or life insurance policy.
The person or party who owns an individual insurance policy. Also called a policyholder.
A person who investigates and settles insurance claims.
A person who sells insurance policies.
Deductible
The amount the insured must pay for a loss before any payment is due from the company.
The insurance company’s estimate of what they can offer you, and at what cost to your pocketbook in the event of an accident or disaster.
The cost associated with replacing property at current market prices.
Responsibility to another person for one’s own negligence.
Homeowner's Insurance
Property insurance that covers damage or loss to an individual’s residence, along with furnishings and other assets in the home.
A contract that guarantees the insurance company pays a sum of money to named beneficiaries when the insured policyholder dies.
Provides coverage for a policyholder’s belongings, liabilities, and possibly living expenses in the event of a loss.
The amount the insured must pay for a loss before any payment is due from the company.
Renter's Insurance
A contract that guarantees the insurance company pays a sum of money to named beneficiaries when the insured policyholder dies.
The insurance company’s estimate of what they can offer you, and at what cost to your pocketbook in the event of an accident or disaster.
Provides coverage for a policyholder’s belongings, liabilities, and possibly living expenses in the event of a loss.
The insurance company’s estimate of what they can offer you, and at what cost to your pocketbook in the event of an accident or disaster.
Beneficiary
A person who derives advantage from something, like a trust or life insurance policy.
A person who investigates and settles insurance claims.
A person who sells insurance policies.
The person or party who owns an individual insurance policy. Also called a policyholder.
Quote
The amount paid by a policyholder to an insurance company to obtain or maintain an insurance policy.
The amount the insured must pay for a loss before any payment is due from the company.
The insurance company’s estimate of what they can offer you, and at what cost to your pocketbook in the event of an accident or disaster.
The cost associated with replacing property at current market prices.
