Personal Finance Chapter 9: Insurance

Front

The recipient of assets passed on

Back

Beneficiary

Front

Amount you pay in order to purchase insurance

Back

Premium

Front

Amount you must pay when filing a claim before receiving any benefits

Back

Deductible

Front

The amount of protection you have through an insurance policy

Back

Coverage

Front

Which type of insurance should you not need right after high school? Options: Renter's/Homeowner's, Life, Auto, Health

Back

Life

Front

The purpose of insurance is to

Back

Transfer risk

Front

Covers the damage to your own car if it is hit by another car

Back

Collision

Front

Covers the costs of damage to another driver when you cause an accident

Back

Liability

Front

Covers your costs if you are hit by a driver that doesn't have insurance or you are the victim of a hit and run

Back

Uninsured Motorist Protection

Front

Takes care of damage to your car not caused by a collision (fire damage, stolen vehicle, etc)

Back

Comprehensive