In this lesson, you will Introduction Insurance: a form of 2 management; protection that guarantees you are paid in the event of financial Carric Insurance (carrier): insures your things for you Premium: an amount of money charged for insurance, based on the SURED the insured item a document that notes the specifics of insurance cover the policy for which the item, property, or person is insure for compensation for her loss. Insurance Policyholder: ​