front 1 Deductable | back 1 The amount the insured must pay in a loss before any payment is due from the company. |
front 2 Liability | back 2 Responsibility to another person for ones own negligence |
front 3 Term life insurence | back 3 Replaces lost income during working years |
front 4 Premium | back 4 The amount paid by a policyholder to an insurance company to obtain or maintain an insurance policy |
front 5 Quote | back 5 The insurance company's estimate of what they can offer you, and at what cost to your pocketbook |
front 6 Policy | back 6 The contract issued by the insurance company to the policyholder |
front 7 Agent | back 7 A person who sells insurance policies |
front 8 Replacement Cost | back 8 The cost associated with replacing property property at current market prices |
front 9 Policy owner | back 9 The person or party who owns an individual insurance policy. Also called a policyholder |
front 10 Adjuster | back 10 A person who investigates and settles insurance claims |