Insurance

Insurance is _______________

• Product that is used to make money in the stock market.

• Financial product purchase by people to protect against larger losses.

• Financial losses that can be be filed for taxes

• A financial way to make a lot of money.

Policy is _______________

• Contract between you and the person who hits your car.

• Contract between you and your parents to make sure you get paid a good allowance.

• Contract between insurance company and

       the insurer to state exact terms of the policy.

• Contract between two random people in order to make more money on a pyramid scheme.

Premium _______________

• is a bill paid to keep the policy active.

• is a bill that you pay when something happens afterwards.

• a status on the kind of policy you want.

• is a contract between you and the insurance company.

Deductible _______________

• out of pocket money you pay when you file a claim

• out of pocket money you pay every month with your premium

• a status on your insurance policy

• is a contract between you and the insurance company.

Claim _______________

• An informal request to your company to help you out on a situation

• A formal request to the insurance company

  after an accident, illness or injury.

• a status on your insurance policy

• is a contract between you and the insurance company.

Beneficiary is _______________

• A person or people who receives money after you pass away

• A person or people who pay you after you pass away

• a status on your insurance policy

• is a contract between you and the insurance company.

Kansas is one of 12 states that falls under the __________________ auto insurance.

• No Fault State

• Your Fault State

• Independent

• Legion of Insured

No Fault State insurance means that______________

• Individual is all at fault

• Individual deals with their own medical portion of the auto accident

• Individual deals with their own property damage of the auto accident

• Everyone takes care of their own vehicle, no matter who is at fault.

A person has their car broken into at the supermarket.

• Pet Insurance

• Auto Insurance

• Health Insurance

• Homeowner's Insurance

A person gets hurt at work because they slipped on water and there was no "Caution: Wet Floor Sign" displayed.

• Disability

• Auto Insurance

• Health Insurance

• Homeowner's Insurance