Unit 8

Part 1 Multiple-choice cloze

Part 1
For questions 1 12, read the text below and decide which answer (A, B, C
or D) best fits each gap.
There is an example at the beginning (0).
Mark your answers on the separate answer sheet.
Example:
0 A travel B trip C journey D moving
So, the time has come for you to find a new insurance policy. It doesnt
matter if youre off on a trip and therefore need to find 0travel insurance or
if you are considering changing company in general because your policy is
up for 1renewal. All experts have their different opinions but most will agree
that its best to2 shop around before committing to anything.
Look at the policy carefully before you sign on the dotted line. Does the
company offer comprehensive 3after care? If so, what is included and what
will cost you extra? Should you go for an 4umbrella policy just in case?
Lets look at car insurance for a moment. How many claims did you make
last year? Did you have a visit from an 5adjuster? Are you the only person
who uses the car? Will you be the 6 sole policy holder? Have you got a 7 low
maintenance car or a top of the range vehicle? How does the company deal
with repairs? Most companies tend to 8 outsource repairs to one of their
affiliated garages but are there any near your home? You dont want to end
up travelling a long way just to get your car back. Another important point
to consider is emergency or 9 breakdown cover. Make sure you have the
right cover, to suit your needs. Do you drive to other countries? Do you stay
close to home?
In the case of other types of insurance such as life insurance there are other
important aspects to consider. What if you lose your job? Does the policy
include a 10 waiver of premium clause, or will you have to pay extra to get
that cover? You may also have to consider potential 11 perils or unexpected
acts of God and how they are dealt with by the insurer.
Whatever the type of insurance, if youre already with a company, we
recommend that you 12 touch base with them first, talk about any changes
to your needs and clarify any doubts you have before going any further.

revival

renewal

refreshing

revision

investigation

explore

look for

shop around

after care

feedback

serviced

looking after

umbrella

global

totally

tent

expert

broker

adjuster

claimant

alone

sole

dual

premium

old fashioned

high
maintenance

low
maintenance

luxury

in house

outsource

send away

external

breakdown

disaster

road

broker

10

lease

annuity

reserve

waiver

11

stipulations

perils

surprises

renewals

12

consult

touch base

ask

telephone

Unit 9

Part 2
For questions 13 27, read the text below and think of the word which best
fits each gap. Use only one word in each gap. There is an example at the
beginning (0).
Write your answers IN CAPITAL LETTERS on the separate answer
sheet.
In this weeks blog entry, we look 0 at risks. For most of you reading this,
risks are not something you think about 1too much but there are people,
usually working in insurance companies, whose job it is to 2 assess the
different types of risks that their clients face and also how 3 to calculate
premiums and word the policy clauses.
Lets consider large companies who frequently have to ship goods and
produce to different parts of the country or 4 even overseas to other
continents. How does an insurance company calculate the potential risks
that the freight 5 could encounter? If the cargo is sent by sea, does the
company take good care to shrink wrap the packages, will they need marine
insurance?
Insurance companies also have to protect themselves 6 against fraudulent
claims from 7 both corporate and private clients. When someone wants to
take out a life insurance policy, how do they calculate the level of risk for
each individual? They usually include things like suicide clauses as standard
these days so if a policy holder 8 commits suicide within, for example, two
years of taking 9 out the policy, there will be no pay out to his or her 10
nearest and dearest. In the case of large companies with health and dental
insurance, a common way of dealing 11 with excessive claims is something
12 called a stop loss.
If you want to find out more 13 about the ins and outs of the insurance
world, we have plenty of information on our web site as 14 well as
information on all our courses.

1 too / very
2 assess / calculate
3 to
4 even
5 could / might / may
6 against
7 both
8 commits
9 out
10 nearest
11 with

12 called
13 about / on / concerning
14 well
Unit 10
Part 3
For questions 28 37, read the text below. Use the word given in capitals at
the end of some of the lines to form a word that fits in the gap in the same
line. There is an example at the beginning (0).