Top 10 important words and phrases for Insurance Claims Clerks

Top 10 important words and phrases for Insurance Claims Clerks 1. Policyholder A policyholder is an individual or entity who owns an insurance policy. They are entitled to the benefits and coverage outlined in the policy. 2. Deductible The deductible is the amount the policyholder must pay out of pocket before the insurance company starts covering the remaining costs. 3. Premium The premium is the amount the policyholder pays, usually on a monthly or annual basis, to maintain the insurance coverage. 4. Coverage Limit The coverage limit is the maximum amount an insurance policy will pay for a covered loss or claim. It's essential to understand these limits to avoid under or over-insuring. 5. Claim