Automobile Insurance
Insurance Coverage
Life Insurance
Vocab
Calculations

100

What you have to pay first to get the rest of the money!
What is a deductible?

100

What the automobile is currently worth!
What is actual cash Value?

100

Permanent life insurance. Fixed premium for an unlimited time.Benefit can increase as you pay.
What is Whole life insurance?

100

all $650
What is You go off the road and hit the neighbors pool which doesn’t have any water in it yet from draining it for the winter. The pool cost $650 to fix you have property damage up to $1,500. How much does the insurance company have to pay?

100

Collision
Bailea Is driving home from school and falls asleep at the wheel. She hit’s the Telephone Pole and causes $5,000 worth of damage to the car. What Insurance pays for the damage to her car?

200

The cost to get a policy!
What is The Premium?

200

How much an insurance company pays when the claim is filed!
What is Benefit?

200

pays medical expenses for injuries to somebody else!
What is bodily injury liability?

200

we pay 800 and the insurance pays 2,000
We were at the family reunion and decided to pay a family game of football. The “quarterback “ Throws the ball a little too far and it goes through the windshield of the new truck. It causes $3,000 worth of damage. The insurance company will pay the rest of the cost after you pay your $800 deductible. How much are you going to have to pay? How much is your insurance company going to have to pay?

200

All $200
You and your friend are coming home from a party and were drinking and get in an accident. You hit 2 mailboxes each cost $100 to fix. You have property damage liability up to $2,000. How much does the insurance company have to pay?

300

The insurance company makes it off of the premium!
What is the differences between the ways in which the insurance company and a individual looks at the insurance policy?

300

This covers damage to your car when you hit something!
What is Collision?

300

A policy holder submits a bill to the insurance company to help pay for covered expenses!
What is claim?

300

bodily injury liability, collision , $1,000
Mikayla Hit’s an elephant and 3 people in the car get hurt. They each need $10,000 in medical care. There is $30,000 worth in damage on the vehicle. They have to pay a $1,000 deductible. What kind of insurance covers the medical care? What kind of insurance covers the vehicle? How much is Mikayla going to have to pay out of pocket?

300

I pay $1,500 and the insurance pays $1,000
I go to the town meeting in Newbury and park across the street from the baseball game. They hit the ball and foul it off, they dent my car. The damage is worth $2,500 and the insurance company will pay the rest after I pay a deductible of $1,500. How much is the insurance company gonna have to pay? How much and I going to have to pay?

400

It decreases the monthly payment!
What is the advantage of having a deductible in insurance company?

400

Certain events where the insurance company doesn't pay anything!
What is Exclusions?

400

A shirt originally is selling for $40.00 and was on sale for 15% off. how much did the dress cost if it was purchased on sale?
What is 100-45 /100 X 40 = 34

400

$0
What is Leah Hits Cassie’s parked car that was in Mini Marts parking lot while Cassie was getting ice cream. She causes $3,000 worth of damage to Cassie’s car. Leah has 25/50/10 liability coverage. How much does Leah have to pay?

400

Collision, $5,200
Katie and her boyfriend are on the way to prom and she hits another parked car. She causes $3,000 worth of damage to the other car. Katie got $6,000 worth of damage to her car, the insurance company will pay all the rest after Katie pays a $800 deductible. What kind of insurance covers the other car? How much is Katie going to have to pay?

500

Temporary Life insurance. Lower cost for a fixed benefit and time span. Premium increases if time is expanded.
What is term life insurance?

500

It shows that somebody has liability insurance!
What is SR-22

500

Hills marks up all merchandise by 30% over cost. If a jacket costs them $189, what is hills going to sell it for?
What is 189 X 1.3= 245.7

500

she has to pay $1,500 insurance has to pay $5,500
What is Katie was driving home in bad conditions and speeds and crashes into a tree. She does $7,000 worth of damage to her car. Her deductible is $ 1,500 on collision coverage. How much do you have to pay to fix your car? How much does the insurance company pay?

500

All of it because it’s her fault
Mikayla is going home and runs over a cat on the way.The owner sue’s Mikayla for $1,000,000 after she blows out the front tire in the car. The tire and rim together cost $750 to fix. How much is Mikayla going to have to pay?