Insurance English: Are You a Risky Person
| This is an entry in the “Insurance English” series.
This entry is available as a Adobe Acrobat file for printing or use in a class. This entry includes a listening exercises. You can dowload the MP3 or play it using the button below. (MP3) |
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I have pretty cheap health insurance. . . because I have never been to a hospital. So, my insurance company thinks that they won’t need to pay much money for me. Other people, like my wife, pay much more for heath insurance, because the insurance company expects to pay a lot more for them. Today, we’re going to learn some vocabulary to discuss why your insurance premiums are as high—or as low—as they are.
Before You Start the Recording
Think about the kind of insurance you use most. In the recording, I’ll talk about car insurance, because a lot of people have and use car insurance. Do you know what your premiums are? Do you know what your friends are paying for the same insurance? Can you explain why the prices are different?
Start the recording now.
After You’ve Listened to the Recording
Do you think you’re a risky person? Does your insurance company think you’re a risking person? Have you ever filed a claim with your insurance company? Is car insurance mandatory in your country? Health insurance?
Vocabulary
Claim: You buy an insurance policy in case something bad happens and you need money. Of course, most of us hope that nothing bad ever happens, but, when it does, you want the money from your insurance company. You ‘file a claim‘ with the insurance company, that means, you tell them what happened and how much money you’ll need.
Risk /Risky: Risk is the probability or chance of something bad happening. When we talk about insurance, the risk is normally the probability of you filing a claim with your insurance company. The higher the company thinks the risk is, the higher your premiums will be.
Mandatory: Do you have to buy car insurance in your country? If you do, car insurance is ‘mandatory.’ Mandatory means that you are required to have or buy something. In fact, you can use it the same way you can use the word ‘required.’
December 31st, 2009 at 19:51
What a good website for people how want to learn English. Thank you