Word list

A

Accidental damage cover

Some types of home contents insurance will also give you money if something is broken. For example, if you drop it. This is called accidental damage cover.

All risk cover

This is when you want to cover things which you take out and about with you.

B

Bank

This is a place where you can keep your money safe.

Bank account

You can put money in the bank and leave it there. Then when you need it you can take the money out to pay for things.

Benefits

Money that is paid to people by the government. There are lots of different types of benefits and some people get more than one type.

Bill

A piece of paper that says how much money you need to pay for something.

Buildings insurance

This is to help you pay for repairs if the building is damaged by a fire, a flood, a storm or an accident.

Building society

This is a place where you can keep your money safe.

C

Citizens Advice Bureau

They help people who have money worries. They also help people claim benefits they are entitled to.

Citizens Advice Bureau

They help people who have money worries. They also help people claim benefits they are entitled to.

Claim

When you need to ask an insurance company for some money, it is called making a claim.

Contents Insurance

This means that if one of your possessions is lost, damaged or stolen, the insurance company will give you the money to replace it.

Council

The council is responsible for making decisions that affect the local area.

Council office

This is where your local council is.

Credit union

They are like banks but owned by the people who use them. They offer some banking services like loans.

Cover

Cover is another word for insurance.

D

Dental plan

Dental insurance is sometimes called a dental plan. This helps you spread the cost of paying for your treatment.

Deposit

This is when you pay some money but not all the money for something.

Direct Debit

This is when money goes straight from your bank account to pay a company. It normally means the same amount each month which the company works out.

E

Energy supplier

This is the company that provides energy like gas or electricity to your home.

Excess

The excess is the amount you might have to pay when you make a claim

F

There are no words in the word list beginning with F

G

There are no words in the word list beginning with G

H

Health insurance

Health insurance is insurance so that you can pay for private treatment in hospital if you are ill.

Home buildings insurance

Home buildings insurance is to pay for repairs if your home is damaged. This might be if there is a fire, a flood, a storm or an accident.

Home contents insurance

Home contents insurance means that if something you own is lost, or stolen, or you have a fire in your home, the insurance company will give you money to replace it.

Home contents insurance policy

This is the agreement you make with an insurance company for them to insure your home contents.

Housing association

An organisation which owns houses and flats for people to rent. It makes sure everything is ok for the people who live there.

Housing benefit

You can get help to pay your rent. It is called either Housing Benefit or Local Housing Allowance. It is paid by the council.

I

Insurance

Insurance is a way of making sure that if something happens to your house or your possessions, like a fire, flood or accident, you can get money to replace things.

Insurance company

A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.

Insurance scheme

This says exactly what is covered by the insurance. Each insurance scheme is different - you need to choose the one that is right for you.

Insurer

This is the company or association that provides your insurance.

Interest

This is extra money you are charged when you borrow from a bank or building society.

J

There are no words in the word list beginning with J

K

There are no words in the word list beginning with K

L

Landlord

The person you pay rent to is the landlord.

Level of cover

The amount of insurance you have is called your level of cover or your sum insured.

Life insurance

If you have life insurance (or life assurance), then your insurance company will pay out some money if you die.

Loan

This is when a bank or building society lends you money which you then pay back. This is usually plus some interest as well.

M

Mortgage

A mortgage is a type of loan for buying houses. A loan means that you borrow money from the bank and then pay it back.

N

There are no words in the word list beginning with N

O

There are no words in the word list beginning with O

P

Policy document

This says what insurance you have bought and what it covers.

Policy number

This is the number that is given for just your policy. It is usually written on your policy document.

Post office

A place that is responsible for delivering letters, post or mail and selling stamps. You can also pay some bills here.

Premium

This is the amount you have to pay.

Q

There are no words in the word list beginning with Q

R

Rent

You can rent a flat or a house to be your home. This means that you are paying to stay there - you do not own it yourself.

S

Service contract

A service contract is a sort of insurance. You pay some money every month. Then if something goes wrong you won't be asked to pay anything to fix it.

State benefits

Money that is paid to people by the government. There are lots of different types of benefits and some people get more than one type.

T

Tenancy

This means you have the right to live in a house or flat, in return for paying rent. The person you pay rent to is called the landlord. The landlord may be a person or an organization, like a housing association.

Travel insurance

Travel insurance is for when you go on holiday. It will pay for things like if you need to cancel your holiday, if you lose things or if you are ill.

U

There are no words in the word list beginning with U

V

There are no words in the word list beginning with V

W

There are no words in the word list beginning with W

X

There are no words in the word list beginning with X

Y

There are no words in the word list beginning with Y

Z

There are no words in the word list beginning with Z