Read and translate the text.

2. Translate the following words and learn their pronunciation:

indemnity; burglary; threat; premium; coverage; average; pilferage; vibration; hazards; adventure; financial; particular; towing; warehoused; accidentally; extraordinary; repair; lighten; neglect

3. Answer the following questions:

• 1) What is the general idea of insurance?
• 2) What kind of hazards can arise while goods are being stored or are in transit?
• 3) How are goods normally insured?
• 4) How is insurance value calculated?
• 5) What types of insurance coverage can you mention?
• 6) What do W.A. and P.P.A. clauses mean?
• 7) What’s the difference between a particular average and a general average?
• 8) What kind of documents are issued by insurers?

4. Explain the meanings of the following terms in English:

insurance premium; insurance policy; insurance certificate; a floating policy; a cover note; particular average; general average; W.A. clause insurance; P.P.A. clause insuarance; burglary; pilferage