3. Insurance

Insurance

Ubezpieczenie - a contract between an individual or entity and an insurance company that provide financial protection against potential losses or damages.

To insure against

Ubezpieczyć się przed

To take out insurance

Wykupić ubezpieczenie

Insured → Uninsured

Ubezpieczony → Nieubezpieczony

Insurer

Ubezpieczyciel - the insurance company or organization that provides insurance coverage and assumes the financial risks.

Insuree

Ubezpieczany - the individual or entity who is covered by an insurance policy and is entitled to receive benefits or compensation in case of a covered loss.

Policy holder

Posiadacz polisy - the person who purchases the insurance policy and is responsible for paying the premiums.

Premium

Składka - the amount of money paid by the policyholder to the insurance company in exchange for insurance coverage.

Coverage

Pokrycie - the maximum amount of money or benefits that an insurance policy will provide in case of a covered loss or event.

To claim

Zgłosić roszczenie - the process of requesting or demanding compensation or benefits from an insurance company for a covered loss or event.

Claimant

Osoba zgłaszająca roszczenie - the person who makes a claim to an insurance company for compensation or benefits due to a covered loss or event.

Compensation (damages)

Odszkodowanie - the money or benefits provided by an insurance company to the claimant as a result of a covered loss or event.

Write-off

Szkoda całkowita - when an insurance company determines that the damage to an insured item is too severe or costly to repair, and instead provides the claimant with the current value of the item.