Which insurance policies are needed worksheet answers
What is the small print of an insurance policy?
Another name for the 'small print' of an insurance policy, is the (noun) Basically, the 'terms and conditions' or 'small print' contains details of the insurance policy agreement between the the customer and the insurance company. It details what is covered and what isn't and in what situations.
What does it mean when an insurance policy'finishes'?
The date when an insurance policy 'finishes', is called the (noun) This basically means the day an insurance policy expires/stops covering you. This normally means that the insurance policy won’t cover you anymore from that day on.
Who is the policyholder of an insurance policy?
Most of the time, the 'policyholder' is the same person as is insured by the policy. But some in cases, the 'policyholder' is a different person/people to who is actually insured (e.g. when a football club have an insurance policy for one of their players).
The most common types of insurance policies are life, health, auto, and homeowners. Life insurance policies provide coverage in the event of the policyholder's death. Health insurance policies provide coverage for the policyholder's medical expenses. Auto insurance policies provide coverage for the policyholder's car in the event of an accident.