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Tooltip Tags: insurance

vehicle insurance

An insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury

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unemployment insurance

Payments made by the state or other authorised bodies to unemployed people. (source: http://en.wikipedia.org/wiki/Unemployment_benefits)

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sum insured

Maximum compensation paid by the insurer in accordance with the general and particular conditions of the policy.

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single-premium insurance

An insurance plan in which a lump sum of cash is paid up front to guarantee payment to beneficiaries. (source: http://www.investopedia.com/terms/s/single-premium-life-insurance.asp)

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policyholder

The owner of an insurance policy; usually, but not always, the insured. (source: http://www.investorwords.com/3729/policyholder.html#ixzz2j3B4PH1S)

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periodic premium

The specified amount of payment required periodically by an insurer to provide coverage under a given insurance plan for a defined period of time. (source:

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payment protection insurance

An insurance product that enables consumers to insure repayment of loans if the borrower dies, becomes ill or disabled, loses a job, or faces other

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notice of damage

A document sent to a insurance company to properly file a claim, in the event of suffering property damage or loss, detailing the losses and

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mutual benefit society

The term that applies to a non-profit organisation that is set up to benefit its members such as in times of sickness, life insurance benefits

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mutualist

Member or associate of a friendly society or benefit society. (source: http://www.wordreference.com/es/en/translation.asp?spen=mutualista)

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