2011-7-25 21:43:39 Lucy
A: I’ve just take out an insurance policy. Are you insured?
B: Yes, I am. I have life insurance and my home and its contents are also insured.
A: I took out a life insurance policy and make my wife beneficiary.
B: That’s a good idea. You are a fireman and it can be a dangerous job.
A: I need to make sure that my wife will be financially secure if I die.
B: I can terminate my life insurance policy when I retire and use the money as a pension.
A: That’s one of the conditions of my policy too. It covers you if you die before you retire and when you retire.
B: Did you have to take a medical before you could take out the policy?
A: Yes, I did. It was one of the conditions of the insurance policy. The insurance company need to assess the risk.
A: Good morning. I’d like to ask some questions about your insurance policies.
B: Of course. Please sit down. How may I help you?
A: I bought a house recently and would like to insure it and its content.
B: I see. Here’s a pamphlet about our home insurance policy. We’ve named our policy ”umbrella”. May I ask how much you paid for your home and where you live? These are the two main things that decide how much your premiums are.
A: I understand. I live in the Oakfield area and paid ＄100,000 for my home.
B: Let me just check that on my computer. Oakfield is a low risk area, so your premiums will probably be around ＄100 a month. The other thing to take into account is deductibles.
A: In this pamphlet it says that the minimum amount for deductibles is ＄2000. What does that mean exactly?
B: It means that the first ＄2000 of any claim you make must be paid by you. The insurance policy covers any amount above that, up to the agreed limit.
A: Oh, I see. That’s fine. What is the advantage of having higher deductibles?
B: If you have higher deductibles, your premium are lower, because you will pay more of the claim and we will pay less.
A: It seems that I should do some calculations before deciding. I presume that the insurance period can be for as long as we agree.
B: We initially sign one-year policies with our policyholders. These are renewable after the first year.
A: If I have a claim, how long does it take to make a settlement? I’ve heard that with some insurance companies, it can take months.
B: That is of great concern to out clients. We aim to satisfy all claims within a month, but we can’t guarantee that.