Unit 9 ESP231

Front

The company will ______ the policyholder against loss of or damage to the insured vehicle.

Back

indemnify

Front

Ships’ cargoes are covered by ___________ insurance policies.

Back

marine

Front

 A flexible type of insurance, for 12 months, at agreed rates, is ________

Back

open cover

Front

The most complete insurance is against _________

Back

all risks

Front

__________ is a standard form contract between the insured and the insurer, which determines the claims that the insurer is legally required to pay.

Back

insurance policy

Front

__________ is payments to the insurance company to buy a policy and to keep it in force.

Back

Premium

Front

__________ is the losses/ damages caused by special expenses and sacrifices that intentionally and reasonably conducted to save the vessel, cargo and freight from a threat in the common ocean voyage.

Back

General average

Front

The party to an insurance arrangement who undertakes to indemnity for losses is the __________

Back

Insurer/ underwriter

Front

 __________ is the person or entity buying the insurance and receiving indemnity on happening of unforeseen events.

Back

The insured/policyholder

Front

The person, group, or property for which an insurance policy is issued is______

Back

the subject-matter insured