Probability Vocab Insurance Personal Finance

100

What is 1 out of 6
If one die is rolled, what is the probability of rolling a 2

100

What is A legal term that describes circumstances when someone is deemed legally responsible for injury.
Tort

100

What are Other peoples property
Property Damage Liability covers this.

100

What is Debit is cant charge, comes out of your account, Credit, Charge, come from the banks money.
The difference between a Debit card and a Credit Card?

200

What is 3 out of 6
One die is rolled what is the probability of rolling an odd number.

200

What is A document that shows proof of financial responsibility.
SR-22 covers what type of insurance

200

What is When you ask insurance company for money.
Deff of a claim

200

What is Money you pay to the state from your pa check for funding state government expenses.
State Tax is what?

300

What is 5 out of 3
A single die is rolled what is the probability of rolling a number less then 5.

300

What is A maximum amount of money our insurance company will pay out for your losses.
Limits

300

What is No
Does Liability insurance ever have a deductible?

300

What is A form that lets you state how much dependents you have. This helps to determine how much income tax is withheld.
W-4 forms are what?

400

What is 3 out of 6
A single die is rolled what is the probability of rolling a number greater then 3

400

What is A predetermined sum paid for a covered loss.
Indemnity

400

What is Comprehensive
What Insurance covers the damage to a building

400

What is Retirement savings. This is usally deducted before tax is calculated.
what is a 401k saving

500

What is 13 out of 52
A card is drawn from a well-shuffled deck of 52 cards, what is the probability of drawing a heart

500

What is These are changes to the original insurance contract, such as a different deductible of an additional car or driver.
Endorsments

500

What is Collision
What insurance covers damage to your car?

500

What is A year end summary of what you earned and what was withheld from your pay.
What is a W-2 form

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