INSURANCE BASICS
the amount you pay every month to keep your insurance active.
What is a premium?
The type of car coverage pays for the damage it causes to another person
What is property damage liability?
type of plan requires you to stay in-network and usually needs referrals.
What is an HMO?
This coverage protects your belongings if they are stolen or damaged in your apartment.
What is personal property coverage?
type of insurance covers medical bills for animals like cats and dogs.
What is pet insurance?
the amount you must pay before your insurance starts covering costs.
What is a deductible?
pays for injuries you cause to others in a car accident.
What is bodily injury liability?
refers to the group of doctors and hospitals that accept your insurance.
What is a network?
part of renters insurance pays if someone gets hurt in your apartment.
What is liability coverage?
policy pays out money to your family when you die.
What is life insurance?
Describes how much of an invoice you pay after your deductible
What is co-insurance?
opcional coverage pays for damage to your car from non-crash events like theft or hail.
What is comprehensive insurance?
This federal program provides health coverage for adults.
What is Medicare?
protect you if you cannot live in your apartment due to fire or damage.
What is loss-of-use coverage?
type of coverage protects your phone from loss or damage.
What is device insurance?
the maximum amount you pay in a year before insurance covers 100%
What is an out-of-pocket maximum?
coverage helps pay for repairs to your own car after a collision.
What is collision coverage?
program provides health insurance for low-income individuals and families.
What is Medicaid?
Renters insurance does NOT cover damage to this part of the apartment.
What is the building/structure?
insurance helps pay a portion of your income if you become unable to work.
What is disability insurance?
the fixed amount you pay at each doctor visit. ($20)
What is a co-payment?
This pays for your injuries if the other driver has no insurance.
What is uninsured motorist coverage?
This is required by many landlords before they allow you to move in.
What is proof of renters insurance?
type of insurance is required by law if you drive a car.
What is auto liability insurance?