Types of Insurance
This type of insurance covers damages to your car in the event of a collision.
What is auto insurance?
The amount you pay out-of-pocket before your insurance company covers the rest.
What is a deductible?
This government program provides health insurance to individuals 65 and older or those with certain disabilities.
What is Medicare?
This type of auto coverage pays for damages to your vehicle caused by events like theft or natural disasters.
What is comprehensive coverage?
This ancient civilization is credited with developing the first known form of insurance, where merchants pooled money to protect against losses.
What is ancient Babylon?
This insurance protects your home and belongings against risks like fire, theft, and natural disasters.
What is homeowners insurance?
The regular payment you make to maintain your insurance coverage.
What is a premium?
This federal and state program helps provide health coverage for low-income individuals and families.
What is Medicaid?
This type of auto insurance covers injuries or damages you cause to others in an accident.
What is liability coverage?
This is the name of the famous insurance market based in London, known for insuring unusual risks.
What is Lloyd’s of London?
This type of insurance provides coverage for medical expenses and preventative care.
What is life insurance?
The maximum amount your insurance company will pay for a covered loss.
What is the policy limit?
This type of health plan requires you to use a network of doctors and hospitals for lower costs.
What is an HMO (Health Maintenance Organization)?
This type of coverage pays for medical expenses for you and your passengers after an accident, regardless of fault.
What is personal injury protection (PIP)?
This type of insurance is often purchased by celebrities to protect their body parts, such as hands or legs.
What is specialty insurance?
This type of insurance protects businesses from financial losses due to lawsuits or property damage.
What is business insurance?
This clause excludes coverage for certain risks or events.
What is an exclusion?
This account allows individuals to save for medical expenses on a tax-advantaged basis.
What is an HSA (Health Savings Account)?
This term refers to drivers who don’t have insurance or don’t have enough insurance to cover damages.
What is uninsured/underinsured motorist coverage?
This insurance company is known for its "No Jingles or Mascots" campaign.
What is NJM New Jersey Mutual
This insurance provides financial support to your loved ones after your death.
What is business insurance?
The process of assessing the risk of insuring someone and determining their premium.
What is underwriting?
This term refers to the percentage of medical costs a patient must pay after meeting their deductible.
What is coinsurance?
This is the minimum amount of liability coverage required by most states.
What is state minimum liability insurance?
This type of insurance helps cover the cost of care for individuals who are unable to perform daily living activities, such as bathing or dressing.
What is long-term care insurance?