Annex: writing, adhered to the policy, which includes riders and special, as well as modifications to the contents of the policy.

Beneficiary: recipient of the payment or compensation insurance.

Bonus: discount for policyholders that cause little or no expense. It is a term linked to the concept of bonus-malus. Also, amount to be paid to the insurer for coverage of risks hired.

Bonus-malus: term used to designate penalties or bonuses, depending on the case, the insurer applies to the insured.

Cancellation: termination or breach of contract of insurance on both sides.

Clause: each of the terms of an insurance contract.

Coverage: risk with the insurer agreed in the contract of insurance.

Compensation insurance: amount that the insurer delivered as compensation when damage does occur.

Complaint by accident: document by which the insured to the insurer announced that it has suffered a loss in either of the subscribers in the policy. Also known as a party.

Dark: indeed covered and which is intended for taking out an insurance policy.

Deadline: duration of the contract of insurance.

Franchising: amount to be insured to cover the damages. When the damage caused by the incident amounted to a greater amount of the insured to be filled, the company pays the rest.

Isurable: person, animal or object that satisfies the conditions to be insured.

Insurance broker: intermediary between the contractor insurance and the insurer.

Insurance policyholder: individual contractual insurance for their own enjoyment or for a third party.

Insured: Someone who owns an insurance and is a beneficiary of it. In life insurance insured appointing a beneficiary who is who gets compensation insuracne.

Insurer: entity covered by the risk agreed in the contract of insurance.

Lack: period during which the insured pays the premium for the service but do not get hired. Usually occurs at the beginning to prevent fraud against the insurer.

Party: see sinister allegation.

Penalty: sanction imposed on the insured when it generates most of the expenses stipulated in the insurance policy. It is a term linked to the concept of bonus-malus.

Policy: written document which reflects in detail all economic conditions, toppings, and other data-term insurance.

Secured Capital: maximum amount that the insurance company is willing to pay in the event of accident. This amount is reflected in the policy.

Star losses: an assessment of the damage caused by an accident. That work is done by an expert assigned by the company. An insurance cover, at most, the amount stipulated in the policy.