Match the vocabulary word with the definition by writing the #.
1. Death, injury, or damage that is the basis for a claim.
2. A payment made monthly, twice a year, or yearly, for an insurance
policy.
3. An insurance policy that provides complete protection.
4. Chance or possibility of injury, damage, or loss.
5. A contract of insurance.
6. A formal request made by the insurance policyholder to the
insurance company for payment or services covered by the
insurance policy.
7. A financial product (called an insurance contract or policy) that you
buy from an insurance company or organization.
8. The risks covered and amount of money paid for the loss. 9. Three types: auto, home, and renters.
Claim Comprehensive Coverage Deductible Insurance Insurance Agent Loss
Policy Policyholder Premium Property Insurance10. Risk
11. 12.
Licensed representative who handles the purchase of insurance between the customer and the insurance company.
The person to whom an insurance policy is issued.
The amount you must pay before the insurance company will pay.