124 Kew Gardens Road, London sw2 5hb

Tel: [phone] Fax: [phone]

Antonio Alessandro

Ristorante Colosseo

120 Riverside Road

London EC23 5TR

2 March 19..

Dear Mr Alessandro

Rat Policy number DR 239981 R, Claim Ref. DR4381

Thank you for you (1) … relating to the fire at your restaurant. We confirm that your policy is (2) … and therefore covers fire.

Our (3)…, Peter Carrow, will visit you on 7 March to see the damage.

You will receive (4)… for all damage to the building and equipment. You should supply an (5)… from two firms for the repairs. You will also receive (6)… for loss of business, though you will have to make a separate claim. In addition, your (7)… policy also provides (8)… for any (9)… which may arise.

Finally, we would like to inform you that your (10)… will rise by 10% as your (11)… will be affected by this incident.

Yours sincerely

Janina Piontek

Claims Manager

e ) Number the following words with their underlined equivalents in the text:

affluent catastrophes claims commission gilts huge indemnify insurance brokers

policy retires sums underwritten

Insurance is designed to provide a sum of money to compensate for any damage suffered as the result of a risk that has been insured against in a specific insurance (1) contract, such as fire, accident, theft, loss, damage, injury or death. Thousands of people pay premiums to insurance companies, which use the money to (2) compensate people who suffer loss or damage, etc. Some people also use insurance policies as a way of saving. Life assurance policies, for example, usually pay a certain sum on a specific date – for example, when a person (3) stops working at the age of 60 or 65 or whenever, or earlier if the person dies.

Insurance companies, like pension funds, are large institutional investors that place great (4) amounts of money in various securities: shares, bonds, (5) British government bonds, etc.

Insurance companies generally employ their own agents who sell insurance to customers, but there are also insurance brokers who work with several companies, selling insurance in return for a (7) percentage of the premium.

If a particular insurance company considers that the risk it has (8) assumed responsibility for is too big, it might share the business with other companies, by way of reinsurance. Lloyds of London underwrites a great many risks which are spread among lots of syndicates, made up of groups of (9) wealthy people known as “names”. In return for earning a percentage of the insurance premiums, the names have unlimited liability for losses. After a series of (10) demands for payment following lots of (11) natural disasters (shipwrecks, earthquakes, hurricanes, and so on) in the late 1980s, many Lloyds syndicates had to make (12) enormous pay-outs, and many names were bankrupted.

3. Collocations.

a) Choose the noun that collocates with the following verbs. Translate the expressions into Russian.

a) damage(s) b) loss(es) c) insurance d) a policy

1. o pursue, to subscribe to, to take out, to implement, to cancel, to amend, to reinstate, to issue;

2. to adjust, to incur, to set off, to repair, to sell at, to mitigate, to entail, to cover;

3. to inflict, to estimate, to subject to, to patch, to pay, to claim, to experience;

4. to undertake, to provide, to arrange, to suspend, to effect, to carry, to furnish, to place.