Insurance FINAL FLASHCARD

Front

The amount paid to buy and keep insurance coverage is the

Back

premium

Front

Insurance that protects your family against financial loss due to your death is

Back

life insurance

Front

The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called

Back

comprehensive

Front

If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.

Back

disability

Front

This type of insurance protects against damage to the car OR injury to persons in the car caused by a driver who carries no insurance.

Back

uninsured motorists

Front

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury

Back

claim

Front

What does renters insurance cover?

Back

Personal items the tenant owns

Front

This type of insurance should pay for damages if a tree that goes through your roof.

Back

Homeowners

Front

This is the minimum required by law, only repairs the vehicle you hit, not your own

Back

Liability

Front

In which of the following scenarios will you obligated to pay the least amount of money out-of-pocket for medical expenses? You have no insurance. You have health insurance with a $500 deductible. You have auto insurance with a $700 deductible. You have health insurance with a $1,500 deductible.

Back

You have health insurance with a $500 deductible.