Insurance 2nd Year

Insurance is an agreement between the individual and the insurance company.

• True

• False

Assurance is protection against a certain loss that will happen in the future, in the case of ______ ______ the certainty is death.

• Pet Insurance

• Life Assurance

• Travel Insurance

• None of the above

A Business would need this insurance type to cover their fleet of delivery vans.

• House Insurance

• Pet Insurance

• Health Insurance

• Motor Insurance

We have a dog and feel this type of insurance would be best.

• House Insurance

• Pet Insurance

• Health Insurance

• Motor Insurance

You plan on doing a trip to Australia, which cover is best for you?

• House Insurance

• Pet Insurance

• Health Insurance

• Travel Insurance

The amount of money an individual or business pays for an insurance policy

• Premium

• Proposal Form

• Compensation

• Insurer

The amount that the insurance company has agreed to pay for covered losses that are stated in your policy.

• Premium

• Proposal Form

• Compensation

• Insurer

The form completed by the policyholder when applying for insurance.

• Premium

• Proposal Form

• Compensation

• Insurer

Is also known as the insurance company.

• Premium

• Proposal Form

• Compensation

• Insurer

Making a full declaration of all material facts in the insurance proposal form.

• Utmost Good Faith

• Indemnity

• Subrogation

• Contribution