explain all these below
insured
insure
premium
policy
claim
proposal
subject matter
Answers
1.Being "underinsured" means a person has insurance coverage, but the limits may not be high enough to cover the full expenses of a claim.
2.Insurance is a contract (policy) in which an insurer indemnifies another against losses from specific contingencies and/or perils. There many types of insurance policies. Life, health, homeowners, and auto are the most common forms of insurance.
3.Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.
4.Basic Policies: Policies which are followed by top management level are called as basic policies. ...
General Policies: ...
Department Policies:
5.A claim is when you express your right to something that belongs to you, like your medical records or the deed to your home. ... When you make a claim or claim something, you're demanding it or saying it's true. People claim dependents and deductions on their taxes.
6.an act of putting forward or stating something for consideration. 2a : something proposed : suggestion. b : offer specifically : an offer of marriage.
7.The subject matter of something such as a book, lecture, movie, or painting is the thing that is being written about, discussed, or shown. Then, attitudes changed and artists were given greater freedom in their choice of subject matter.