Insurance

_ is money the insured receives when they make a claim. Premium Excess clause Insurance Compensation Insurance terms Match the term with the definition. Assurance Protection against a loss that you know will happen Insurance Protection against a loss you hope won’t happen Premium Money you pay to be insured Compensation Money you receive when you make a claim Policy excess The insured person must pay the first 100 euro of the compensation first. Exclusion clause These are situations that cannot be insured. What is the difference between insurance and assurance? Write down one thing I can do to help you.