There are many different types of insurance, each covering different types of risks. For example, auto insurance covers damage to a policyholder's car and provides liability protection in case the policyholder causes an accident. Home insurance covers damage to a policyholder's home, as well as personal belongings, and provides liability protection in case someone is injured on the property. Health insurance covers医疗费用for the policyholder and their dependents.
Most insurance policies have the following basic features:
* A policyholder, or insured, is the person who owns the insurance policy.
* An insurer, or insurance company, is the company that provides the insurance.
* A premium is the amount of money the policyholder pays to the insurer for coverage.
* A deductible is the amount of money the policyholder must pay out of pocket before the insurance coverage begins.
* A covered event is an event that is covered by the insurance policy.
When a policyholder files a claim, the insurance company will investigate the claim and decide whether it is eligible for coverage. If the claim is approved, the insurer will pay the policyholder the amount of coverage up to the policy's limits.
