Group 5- class 05
Members:
Doan Thuy Mai
Tran Khanh Son
Nguyen Do Quynh Anh
Le Ngoc Duong
Ngo Thu Phuong
Unit 11
Insurance
Table of contents
01
02
Insurance
Take out
03
04
Policy
Premium
05
06
07
Cover against
Compensation
Claim
01
Insurance
Insurance
·Definition
an agreement in which you pay a company money and they pay your
costs if you have an accident, injury, etc...
Example:
Your father took out insurance to cover the
mortgage.
·Collocations
ADJ. (fully) comprehensive | adequate | additional | long-term, shortterm | national, social, state | personal, private | commercial |
compulsory | voluntary | life | health, medical | animal, car, home,
house, household, marine, motor | travel | accident, fire, legal
expenses, unemployment | civil liability, liability, professional
indemnity, public liability, third party | general | special
VERB + INSURANCE have, maintain apply for | arrange, buy, get,
obtain, purchase
INSURANCE + VERB cover sb/sth, pay for sth
Idioms
-insure (someone or something) with (something): To buy insurance for
someone or something from a particular company (named after "with").
Ex: I insured my new car with Smith Insurance after my parents suggested
it.
-insure against (something): To protect someone or something against
something.
Ex:One policy can't insure against every issue you'll encounter with your
business, you know.
02
Take out
Take out
·Definition
-to remove something from a pocket, bag etc
-to take off clothing
-to get rid of a problem, difficulty, or something that annoys you
Example:
We can probably claim the damage on our insurance.
Idioms
the act or fact of taking out.
something made to be taken out, especially food prepared in a store or restaurant to be
carried out for consumption elsewhere.
Informal. a store, restaurant, or counter specializing in preparing food meant to be
carried out for consumption elsewhere.
a section, as of a magazine, that may be removed intact, usually consisting of a story,
article, or set of illustrations.
adjective
pertaining to or supplying food and drink to be taken out and consumed elsewhere:
the takeout window of a restaurant.
Also takedown. of, relating to, or providing a takeout mortgage:
The high-rise developer has found a take out commitment from a large insurance
company.
03
Policy
Policy
·Definition
a set of ideas or a plan of what to do in particular situations that has been
agreed to officially by a group of people, a business organization, a
government, or a political party
Example:
The company has adopted a strict no-smoking policy.
Collocation
ADJ. clear, coherent | conscious, deliberate
VERB + POLICY develop, formulate, frame, shape | establish, implement,
introduce | adopt, carry out, follow, pursue
POLICY + NOUN decision, making | change, review | document, statement
Idioms
-(noun) policy (of government, party...) foreign policy foreign policy to adopt
fresh policies in a new way what's your policy on domestic investment
encouragement ?
What is your policy to encourage domestic investment? how to behave, how to
solve (problem...) way of action it is the best policy
That's the best course, that's the best course of action the terms (of the
insurance contract); contract, contract insurance policy an insurance contract
a policy document document about insurance contract a policy holder
policyholder wisdom, shrewdness, confidence, insight, sharpness (about
(politics), direction of work)
04
Premium
Premium
·Definition
an amount of money paid to get insurance
Example:
Some insurance companies offer small sum policies, with monthly
or annual premiums. Single premium life insurance policies
Collocation
ADJ. high | additional, extra | price
VERB + PREMIUM pay Electricity companies pay a premium for
renewable energy. | charge | place, put
PREMIUM + NOUN price
Idioms
- at a premium: For an expensive price (typically because the item in
question is hard to find).
If you don't go Christmas shopping early, you'll only get the most popular
toys at a premium later.
- place a premium on (something): To greatly increase the cost or scarcity
of something.
Because the city is so densely populated, landlords are able to place a
premium on rented accommodation.
05
Cover against
Cover against
·Definition
1. To protect someone or something.
Be sure to cover the flowers against the thunderstorm that's coming.
2. To grant one insurance for a particular problem or scenario.
06
Compensation
Compensation
·Definition
money that is paid to someone in exchange for something that has been
lost or damaged or for some problem
Example:
Annual compensation for our executives includes salary, bonus, and other
benefits.
Collocation
ADJ. full | partial, small | adequate, appropriate, sufficient | financial,
monetary
VERB + COMPENSATION award (sb), give (sb), grant (sb), offer (sb),
pay (sb), provide (sb with) | accept, gain, get, obtain
COMPENSATION + NOUN claim | fund | order | payment | scheme
07
Claim
Claim
·Definition
a request to an insurance company for payment relating to an accident,
illness, damage to property, etc...
Example:
pay/refuse/settle a claim An insurance adjuster will work with the injured
party to settle the claim.
file/make/submit a claim Do not submit a claim if the doctor or hospital is
also filing a claim for the same service.
Collocation
ADJ. false, unfounded, unsubstantiated | conflicting
VERB + CLAIM make | accept| deny, dismiss, dispute,
reject
ADJ. large, small | excessive| legal, legitimate | bogus,
fraudulent
Idioms
-claim to fame: The reason why someone or something is
famous or well-known.
-lodge a/(one's) claim: To formally submit a request for something that
one is entitled to, often payment related to an insurance policy.
+After I lodged my claim, my insurance company reimbursed me for that
big charge I had to pay out of pocket.
+You'll have to lodge a claim with payroll for any overtime you've accrued.
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