Health Insurance
This is the name for the cost of your health insurance (or any insurance) The higher one of these you have the lower the deductible.
Premium
What covers bodily injury and property damage of the other driver?
Liability
What insurance takes care of those who depend on your income if something happens?
Life Insurance
What is the contract between you and your insurance company?
Policy
If you have to go to a doctor, what will help cover the cost?
Health Insurance
The maximum amount you will have to pay for medical costs in the year.
What does Comprehensive car insurance cover?
Covers the damage to your car NOT caused by an accident.
Term life is _____ times your ______ _____?
10-12 Times your Yearly Income
What do you had to pay before insurance can “kick in” and cover the expense?
Deductible
You rear-end another car at a stoplight, and your insurance pays for the damage to their car...
Liability Insurance
The fixed out of pocket amount you pay for medical care.
Co-pay
In an auto policy, what are the limits to each section?
There are three numbers, two being the same. All multiples of 5.
Bodily Injury Per Person....
Bodily Injury Per Per Accident....
Property Damage Per Accident....
$25,000
$50,000
$25,000
What policy replaces a portion of your income if you are unable to work for an extended period of time due to injury?
Long-Term Disability Insurance
In health insurance, who is the person receiving the overall pay out?
Beneficiary
A storm blows the roof off your house and take all of your belongings with it. What would you need to have in order to fix the damage?
Homeowners Insurance
The percentage of medical bills you pay after you reach your deductible.
What covers your direct and indirect medical expenses after an accident?
Personal Injury Protection
What are the two types of insurance you don’t need?
Life Insurance for Kids, Accidental Death Insurance
What term is used to describe a condition or situation that has the potential to cause injury?
Hazard
You didn’t look both ways when crossing the street on your bike, and ended up crashing into several people. Your insurance sends you a split limit policy plan, aka #/#/#. In insurance numbers, what does the 2nd number represent?
The amount your insurance will pay out towards all injuries in the accident.
Health insurance costs depend on .... (2 answers)
how much coverage you need
What your employer offers
What covers expenses from other drivers without enough coverage?
Up to the original value
The specific cause of damage or injury for insurance to kick in is considered a
Peril
You have multiple doctor visits early in the year and you paid large amounts out of pocket. Later, all covered medical costs are fully paid by insurance for the rest of the year. Why were you able to do this?
You reached the out of pocket deductible.