underwriter: an underwriter is basically a company that supplies insurance to a normal person like you or me
Actuary: is basically a person who sees if your a low enough risk for the company to provide you with insurance.
Agent: basically the person who you talk to when you want to buy insurance.
Assets: the things that you own that you can put up as collateral
Collateral: the things that the insurance will take if you are not able to pay your bill
Actual Cash Value: how much it would cost to replace an item that lost and that must be given to you from the insurance company.
Insurance Claim: A request to the insurance company for money to cover something that was damaged
Write off: when it is cheaper to replace something than to try to fix it
types of instances, Car insurance, Life insurance, Commercial Vehicle insurance, Health Insurance
No comments:
Post a Comment