words insurance policy claim insure(r ) (full )coverage Policyholder Risk(assessment) Exemption Premiums Insurance period Life insurance Liability Damage Deductible(s) Medical insurance Travel insurance Settlement Payment Condition
Phrases Makeclaim Insure an item Take out insurance Have…valued at… Pay premiums Assessrisk Pay out insurance Readpolicy
Beginner A: I’ve just take out an insurance policy. Are you insured? B: yes,am.have life insurancemy homeits contents are also insured. A;took outlife insurance policymake my wife beneficiary. B: that’sgood idea. You arefireman andcan bedangerous job. A:needmake sure that my wife will be financially secure ifdie. B;can terminate my life insurance policy whenretireusemoney aspension. A; that’s onethe conditionsmy policy too. It covers you if you die before you retirewhen you retire. B; did you havetakemedical before you could take outpolicy? B: yes,did. It was onethe conditionsthe insurance policy. The insurance company needassessrisk.
Intermediate A: good morning. I’d likeask some questions about your insurance policies. B:course. Please sit down. How manyhelp you? A;boughthouse recentlywould likeinsureand its content. B:see. Here’spamphlet about our home insurance policy. We’ve named our policy ”umbrella”. Mayask how much you paidyour homewhere you live? These aretwo main thing that decide how much your premiums are. A:understand.livethe Oakfield areapaid ＄00,000my home. B: let me just check thatmy computer. Oaksfielda low risk area, so your premiums will probably be around ＄00month. The other thingtake into accountdeductibles. A:this pamphletsays thatminimum amountdeductibles＄2000. what does that mean exactly? B:means Thatfirst ＄2000any claim you make must be paid by you. The insurance policy covers any amount above that, upthe agreed limit. A: oh,see. That’s fine. Whatthe advantagehaving higher deductibles? B; If you have higher deductibles, your premium are lower, because you will pay morethe claimwe will pay less. A:seems thatshould do some calculations before deciding.presume thatinsurance period can beas long as we aggress. B: we initially sign one-year policies with our policyholders. These are renewable afterfirst year. A; ifhaveclaim, how long doestakemakesettlement? I’ve heard that with some insurance companies,can take monthes. B; thatof great concernout clients. We aimsatisfy all claims withinmonth, but we can’t guarantee that