Insurance basics
A sum of money the insured pays to the insurance company regularly.
What is a premium?
After a hailstorm dents your car’s roof, your insurance pays for repairs even though no one else was involved.
What is comprehensive coverage?
A fixed amount of money you pay at every doctor visit.
What is a copay?
This part of renters insurance protects your belongings if they are stolen or damaged.
What is personal property coverage?
Your car gets damaged in a flood. This type of auto insurance covers it.
What is comprehensive coverage?
A request made to an insurance company for payment after a loss or accident.
What is a claim?
A Florida driver gets into a minor crash and their insurance pays for their own medical bills automatically.
What is Personal Injury Protection (PIP)?
If someone gets injured in your apartment and sues you, this coverage helps pay.
What is renters liability coverage?
A request made to an insurance company for payment after a loss or accident.
What is a claim?
Two drivers have the same car model, but one pays more because they received three speeding tickets.
What is driving record?
The program that assists lower income individuals who seek for medical help.
What is Medicaid?
If your apartment becomes unlivable after a fire and you need a hotel, this part of renters insurance covers those costs.
What is loss of use?
In Florida, if you crash into the car in front of you while texting, this minimum required coverage pays for THEIR car repairs.
What is Property Damage Liability?
The program for older individuals who struggle with disabilities.
What is Medicare?
The person that assists insurance companies in calculating risks.
What is an actuary?
The type of insurance covers you when you damage another person’s vehicle.
What is a liability coverage?
Set of federal laws that influenced the healthcare system.
What is ACA (Affordable Care Act)?