Home insurance
covers losses and damages to an individual's house.
What is homeowners insurance?
replaces about 60% of your income for a set period of time if you’re unable to work
What is Disability Insurance?
What is the amount you may have to pay out of pocket before insurance covers a covered loss?
What is A deductible.
covers the loss of a tenant's personal property as a result of damage or theft
What is Renter Insurance?
two types of whole life insurances
Whole life and Term
the amount of money you pay for an insurance policy
What is an Insurance Premium
What is the maximum amount you may have to pay for covered services during a plan year before your insurance pays 100% of covered in-network costs?
What is The out-of-pocket maximum.
What are 3 factors that may impact the cost of your auto insurance premium?
Deductible amount
The vehicle you are insuring
Your credit score
When you don't have enough insurance to cover you for what has happened
What is being Underinsured?
Which type of life insurance provides coverage for a specific period of time?
What is Term life insurance.
True or False: Homeowners insurance automatically covers every type of damage that can happen to your home.
what is False.
What do you call doctors and hospitals that have contracted with your insurance company?
What is In-network providers.
What coverage can help protect your vehicle from things like theft, hail, falling objects, or vandalism?
What is Comprehensive coverage.
an agreed upon amount, between you and your insurer, that you will pay before the insurance company pays anything.
what is a deductible
What is one expense life insurance can help a family pay after someone's death?
What is Funeral or burial expenses.
What is one reason you should keep an updated inventory of your home's belongings?
It can help document what you own if you need to file a claim.
established to pay the medical cost and lost wages associated with work related injuries
What is Worker compensation?
covers car of the insured person and pays for repairs after an accident or cash compensation if the car can't be repaired.
What is Collision insurance coverage?
Your laptop is stolen from your apartment. Which part of renters insurance may help replace it?
What is Personal property coverage.
Which is generally more expensive: term life insurance or permanent life insurance?
What is Permanent life insurance.
Why is it important to know your policy's exclusions?
They tell you what types of damage or losses your policy does not cover.
What is the difference between a deductible and an out-of-pocket maximum?
The deductible is what you pay before the plan begins sharing certain costs; the out-of-pocket maximum is the most you pay for covered services subject to the plan's rules during the plan year.
What coverage can help if you're hit by a driver who doesn't have enough insurance to cover your damages?
What is Uninsured/underinsured motorist coverage.
What are some examples of personal property that renters insurance may cover?
What is Furniture, clothing, electronics, and other personal belongings.
A person wants to make sure their family can continue paying bills, cover funeral expenses, and maintain financial stability if they die unexpectedly. What financial product could help provide this protection?
What is Life insurance.