Faculty Publications

Episode 21: Insurance Guy Steve Talks Terms

Document Type

Podcast

Journal/Book/Conference Title

The Next Step Podcast: Adulting 101

Issue

21

Abstract

Episode 21 of the Next Step podcast begins a three-part series on insurance basics with guest Steve, an “insurance guy” with nearly 20 years in the industry. The discussion explains why insurance feels like a “necessary evil” and traces its origins to ancient merchants spreading cargo risk, defining insurance as transferring risk to a larger pool. Key terms are clarified: premium, term, policy, claim/loss, and adjuster/adjustment. They stress the value of talking to an agent, gap insurance, rental/roadside coverage, and storm-related claims.

Department

Department of Communication and Media

Original Publication Date

5-14-2026

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