Insurance Terms

What is in this deck

With this deck you learn insurance vocabulary across the lines: insurable interest and indemnity, the parts of a policy, property and liability cover, auto, life, health and the claims process.

Insurable interest is what separates insurance from a wager, and indemnity is what stops it becoming a profit. Almost every rule in the field follows from those two.

100 cards. The four parts of a policy, and why the exclusions decide more disputes than the insuring agreement does. Then property, where actual cash value and replacement cost are the source of most arguments, and coinsurance quietly cuts a partial claim in half. Then liability, auto, life, health and the commercial lines, each with the gap that most often surprises the buyer.

Licensing and much of this law are set by state, under the McCarran-Ferguson Act. The vocabulary is common; the thresholds and the forms are not.

The categories decide what comes up: start with “Auto” alone and add the rest when you are ready.

What you learn

• Insurable interest, indemnity and adverse selection
• The four parts of a policy, and where disputes go
• Actual cash value, replacement cost and coinsurance
• Liability, umbrella cover and claims-made policies
• Life, health and the claims process end to end

The categories

11 categories sort the 100 cards. You can filter by category and take on what is due right now.

1. Auto
2. Business
3. Claims
4. Commercial
5. Foundations
6. Health
7. Liability
8. Life
9. Property
10. Regulation
11. Structure

Learning with Qardbox

You see a card, you think, you turn it over and say whether you knew it. A round asks nothing more of you, and how the app works out the next date from that is on the page about FSRS-6.

What sits comes back less often, what wobbles comes back soon. You set a daily goal, and when nothing is due the app tells you exactly that instead of inventing work for you. How a round goes is shown on the learning page.

Everything stays on your device. No account, no sign-up, no ads. After the purchase the deck sits in your library like any other subject and can be studied, reordered and extended just like your own.

What it costs, and what it doesn’t

Qardbox itself costs nothing, and it stays that way. Every function is there from the start, with no subscription, no ads and no tiers; what that rests on is on the page about what it costs.

Your own cards stay unlimited, and decks from friends or from the family you read in without a limit, from a file as well. You do not need this deck in order to learn with Qardbox.

It is a shortcut: 100 checked cards for €1.29, once, with Family Sharing. The work you would otherwise do is already done. The App Store shows the price in your currency.