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Some insurance terms you need to know
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[QUOTE="Augusta, post: 163963, member: 25283"] Insurance contract comes with it own terms and terminologies. So you need to familiarize yourself with them to know what they mean. Claim : This is the policy that an insured can be compensated for Amount covered; this is the total amount to be covered for a period of time until the next renewal notice Arson ; this is about unlawful setting fire on your property to make false claim Cancellation : this is the cancelling of the insurance policy before expiration date Certificate of insurance This is a proof or a document to show that there's a insurance policy contract Commission : this is money that is charged to the insurer premium which belongs to the broker Contract : this is an agreement between the insured and the insurer in insurance Add yours [/QUOTE]
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Some insurance terms you need to know
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