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Business and Finance Lesson 10: Insurance (Learn English)

We discuss insurance, Types of insurance:LiabilityHealth & DentalLifeDisabilityCropVehicleEarthquakeWhy get insurance?Insurance TerminologyPolicy: The contract / documentPremiums: The money you pay to the insurance companyCoverage: The amount of money the insurance company pays if the bad event happens.Deductible: The amount of money you must pay before the insurance company pays.Co-Payment: The amount of money PER VISIT (to the doctor) that you pay.Exclusions: What the insurance does NOTcoverHow to reduce the cost?
Length: 05:41

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