Insurance Terms and Pronunciation Wrap-up | Baamboozle - Baamboozle

English 18 Public

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Study Slideshow

What's the right way to pronounce this word? COVERAGE

/kaveridg/

25

What's the missing word in this phrase? "Insurance helps us maintain _______ of mind knowing that someone else will pay if something bad happens to us"

PEACE OF MIND

20

What's the right way to pronounce this word? GUARANTEE

/garanti/

25

What's the term for "A company that offers a guarantee for a certain risk that may or may not occur" (it's not insurance)?

INSURER

20

What's the term used to refer to the other party that pays a company in exchange for protection against certain risk.

INSURED

20

Name 5 types of insurance.

LIFE, HEALTH, CAR, PROPERTY, LIABILITY, TRAVEL, BUSINESS, etc

15

Give us an example of a "weird" type of insurance.

You got it!

10

What's the term to refer to this: "when an insurance company wants to buy insurance on their own insurance policies"

REINSURANCE

20

What's the missing word? "My father waited 2 years to receive the _______ from the insurance after the hurricane destroyed his house" (it's a synonym of PAYMENT)

PAYOUT

20

What term can you use when people fake an accident to receive "easy money"?

FRAUD

20

Which type of insurance protects a homeowner against financial losses from damage to their property or liability for injuries and damage caused to others on their property?

Home Insurance

20

What is the purpose of "life insurance"?

To provide financial protection to beneficiaries in the event of the insured person's death.

20

What type of insurance covers legal expenses in case you are sued for causing injury or property damage to others?

Liability Insurance

20

Which insurance policy covers damage or loss of items such as jewelry, artwork, or collectibles?

(Valuable) Personal Property Insurance

20

What does the term "premium" refer to in the context of insurance?

An insurance premium is the amount of money an individual or business pays for an insurance policy.

20

What is a "claim" in the context of insurance?

A formal request made by the insured to the insurance company to receive payment for a covered loss or event.

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