1. Pair the halves of sentences: 1. It is important to keep the value of your policy 2. Make sure you get insured 3. When you say what you want your insurance to cover, 4. If an accident does happen, 5. If the company agrees to your claim, a) you make a claim to the insurance company. b) against accidents. c) you receive compensation. d) then the broker will tell you which policy you could take out. e) closely linked to the value of your property.

2. 1. It is important to keep the value of your policy closely linked to the value of your property. 2. Make sure you get insured against accidents. 3. When you say what you want your insurance to cover, then the broker will tell you which policy you could take out. 4. If an accident does happen, you make a claim to the insurance company. 5. If the company agrees to your claim, you receive compensation.

3. Insurance, cont. HW check: RB, p 68 The remaining types of insurance...

4. face (all kinds of ) ____ face a risk ___ fire insure _______ risk to be c______ against loss to _______ a loss to file/submit a _____ / to _____ compensation to ________ a claim risk of against overed suffer claim submit insure against burglary / theft / injury Revision

5. Avoiding the financial consequences of fire, theft, earthquake... Put in the right order: PAIRWORK: M contact an insurance agent or broker G file/submit a claim if you suffer a loss Dconsider the risks you face A decide to insure against an accident/ theft or damage (or: seek insurance cover) S receive compensation / indemnity A contract an insurance policy and pay a premium for the insurance cover E the insurance company settles a claim Write the letters in the right order...

6. Dconsider the risks you face A decide to insure against an accident/ theft or damage (or: seek insurance cover) M contact an insurance agent or broker A contract an insurance policy and pay a premium for the insurance cover G file/submit a claim if you suffer a loss E the insurance company settles a claim S receive compensation / indemnity DAMAGES or compensation or indemnity Avoiding the financial consequences of fire, theft, earthquake... Put in the right order:

7. Dconsider the risks you face A decide to insure against an accident/ theft or damage (or: seek insurance cover) M contact an insurance agent or broker A contract an insurance policy and pay a premium for the insurance cover G file/submit a claim if you suffer a loss E the insurance company settles a claim S receive compensation / indemnity DAMAGES or compensation or indemnity CAREFUL!!! Harm or injury to property or a person. = damage Money paid as compensation for injury or loss. = damages Avoiding the financial consequences of fire, theft, earthquake... Put in the right order:

8. Damage or damages? The houses sustained heavy ________ during the war. He was ordered to pay ________ by the end of the week. They intend to sue for ________. The disease is known to cause permanent brain ______. Please leave before you do any more ________. Ann was awarded £ 6,000 (in) _________. damage damages damage damages damage damages

9. Pairwork: Practice describing how insurance works from the perspective of the insured. Dconsider the risks you face A decide to insure against an accident/ theft or damage (or: seek insurance cover) M contact an insurance agent or broker A contract an insurance policy and pay a premium for the insurance cover G file/submit a claim if you suffer a loss E the insurance company settles a claim S receive compensation / indemnity DAMAGES or compensation or indemnity

10. Where does your premium go?

11. pool of premiums claims overheads investments industry government individuals profits

12. Describe the diagram! Please, copy the text and fill the gaps. As can be seen from the graph, thousands of people pay _________ to insurance companies, which use the money to pay ______ and __________. The rest of the _____of premiums can be ________ in the form of lending to _______, ___________, or _________ in order to earn _____. In this way insurance companies become large institutional investors that place great sums of money in various securities. premiums claims overheads invested industrygovernmentindividuals profit pool

13. PAIRWORK: Practice describing the diagram. pool of premiums claims overheads investments industry government individuals profits

14. HW: RB, p 68 Read: Lloyd’s tsunami exposure limited Prepare to explain the heading and following expressions (from the text) in simple terms: - unscathed- property claims - limited/minimal exposure- reinsurers -penetration of insurance - insured losses -insurance spent per head - exclusions for “acts of God” - the worst on record in terms of... -softening of premium rates How do disasters affect a) insurers and b) the insured?

15. HW: fill in the missing prepositions (To be found in Lloyd’s tsunami exposure limited) face risk / face a risk ____ fire insure ______ risk / burglary / theft / injury to be covered _______ loss two parties ____ an insurance contract receive money ____ premiums pay money ____ compensation penetration ___ insurance worst year ___ record big number ___ insurance terms compared ____ $ 2000 ___ head exclusions ____ “acts ___ God” an analyst ___ Numis Securities / PBZ / CNB

16. Break