| A | B |
|---|
| The cost of insurance | premium |
| A home burns to the ground. What homeowner's policy category does this fall under? | peril |
| This explains coverage limits, exclusions, deductible limits and other information about coverage. | insurance policy |
| When I call an insurance company to tell them of a loss, what am I doing? | Reporting a claim |
| A tree falls on Bill's house but he has to pay the first $1500 out of pocket, what is this called? | Deductible |
| When Bill's name is listed on his homeowner's policy, what insurance term is he referred to? | insured |
| What is Bill's insurance company referred to in his homeowner's policy? | insurer |
| A tree has fallen on Bill's garage, but because of the decline in value of the garage, what insurance term describes this situation? | loss |
| What is the insurance term that refers to a provision in an insurance policy that eliminates coverage for specific risks or provides only limited coverage? | exclusion |
| Uncertainty about the outcome is the main ingredient of insurance, what insurance term does this describe? | risk |
