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Chapter 14

Insurance Premiums an Claims

TermDefinition
Loading An additional cost on your tax
Compensation The money your are paid by the insurance company to help repair/replace the damaged items
Claim Form The form you fill out if you have suffered a loss and wish to receive compensation
Average Clause The formula you use when you are under-insured and a partial loss has occurred
Actuary The person who calculates the premium for the insurance company
Assesssor The person who calculate the amount of compensation the person who suffered a loss will be paid
Created by: juniorcertskeane
Popular Insurance sets

 

 



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