10. Insurance


1. Third party only

a. home insurance covering the fabric of the building only.

2. third party fire and theft

b. Pays out if you die or after a set period – whichever is later.

3. fully comprehensive

c. home insurance covering most risks.

4. buildings only

d. motor insurance. Will only pay claims made against you by others.

5. buildings and contents

e. Covers the cost of private health care.

6. third party liability

f. motor insurance. Will pay claims made against you by others plus damage caused by fire.

7. world wide travel

g. motor insurance covering all risks.

8. private health

h. covers claims made against you by others, for example if you run a business.

9. indemnity insurance

i. insurance cover for problems while on holiday abroad.

10. personal injury

j. any insurance which covers financial loss.

11. life

k. pays out in the event of a personal accident.



How to    an insurance policy.

1.      Choose an insurance broker, or contact an insurance company direct.

2.      Phone up and get a take out (or you can do this on the internet).

3.      Pay the premium.

4.      Now you are covered.

5.      if you need to make a claim , contact the insurance company.

6.      You will probably have to fill in a claim form.

7.      You may have to wait several weeks for the insurance company to pay out.



1. A person who assess insurance claims is called a .

a. loss adjuster                b. claim adjuster            c. insurance adjuster

2. your home insurance will be expensive if you live in a area.

a. big risk                     b.risky                     c. high risk

3. an insurance broker usually several different insurance companies.

a. deals with                  b. contacts                  c. works for

4. in many cases, the insurance company does not take the financial .

a. problem                    b. risk                      c. damage

5. the financial risk is taken by   such as Lloyds of London.

a. underwriters               b. undertakers               c. underpasses

6. natural disasters usually mean that insurance underwriters suffer .

a. heavy losses                b. high expenses              c. high debts

7. A   proves you have insurance while the policy is being processed.

a. cover letter                 b. cover paper                c. cover note

8. if you agree to pay, for example, the first f200 of a claim, then your policy has a f200

a. surplus                     b. extra                      c. excess

9. a company giving insurance cover is known as the

a. insurer                     b. insured                    c. insurance

10. a person who has taken out insurance is known as the

a. insurer                     b. insured                    c. insurance

11. or the .

a. policy holder                b. policy-taker                 c. policy

12. a life insurance policy pays out   your death or after a set period, whichever is first.

a. in case of                   b. if                           c. in the event of



1. I have never claimed on/from my insurance.

2. do not worry. It is covered by/with my insurance.

3. I am insured for / by the lion rock insurance company.

4. this sculpture  is insured for/ at f100,000.

5. I insured to/ for drive any car.

6. I am covered by/ for all risks.

7. which insurance company are you with /in?

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