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Key Words

BUsiness Key nWords

TermDefinition
insured the person that is insured
insurer the person that insures this insured
compensation the money you get to compensate for the damage
third party insurance you have to pay for the other persons damages
ins. broker the person that advises you an ins.
premium the tax you have to pay for ins.
loading if you have extra risk for extra premium
no claims bonus if you dont claim for a year you get a discount off of your premium
Created by: adzaee3
Popular Business sets

 

 



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