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Beginner Insurance Terms

Horizontales
Part of an insurance policy outlining key details such as policyholder and coverage limits.
A change or addition to an existing insurance policy.
Out-of-pocket cost before insurance kicks in
Transfer of risk between insurers
Type of insurance covering damage to others
Amount paid for insurance coverage
Verticales
A person who investigates and settles insurance claims.
Evaluation of risk to determine premiums
An event that may cause a loss
Specific risks not covered by a policy
Request made by insured for compensation