Insurance Basics
This is the amount of money an insurance company will pay for a covered claim.
What is a Limit.
This type of insurance pays for the other driver’s injuries and damages when you are at fault in an accident.
What is liability insurance?
This is a government health insurance plan for people 65+ and some disabled people
What is Medicare
This type of insurance protects your belongings in an apartment from things like fire or theft.
What is Renters Insurance.
This is the amount of money you pay for an insurance policy
What is Premium.
This kind of contract is where you pay a regular fee to an insurance company
What is Insurance
This coverage helps pay to repair your own car after hitting another vehicle or object, no matter who caused the crash.
What is collision insurance?
This is the fixed amount you pay for a doctor visit or medicine
What is Co payment.
This term means the stuff you own, like clothes, electronics, and furniture.
What is Personal Property
This is a person who checks risks and decides if a company should approve and price an insurance or loan
What is an Underwriter.
This is the possibility of a loss
What is risk.
This insurance pays for your medical bills and sometimes lost wages after a crash, even if you caused the accident.
What is PIP (Personal Injury Protection) ?
This is the most you have to pay in a year before insurance covers everything.
What is the Out of Pocket Maximum
This part of renters insurance pays if you accidentally hurt someone or damage their things.
What is Liability Coverage
This is a plan where you must use in network doctors and get referrals
What is HMO
This is a person who buys and sells goods or assets for others.
What is a Broker
This auto insurance cover the damages outside of your influence or control
What is Comprehensive Insurance.
This is a government health insurance plan for low income people.
What is Medicaid
This is the amount of money you pay first before the insurance company pays the rest.
What is a Deductible
This is a law that makes insurance more affordable and protecs patients
What is ACA
This is a profesional who uses mathematics and statistics to access and manage risk for insurance and financial companies
What is an actuary
This auto insurance covers the damages for your car
What is Collision Insurance
These are the groups of doctors and hospitals your insurance works with.
What is the Health Plan Network
This coverage helps pay for a hotel or food if your apartment becomes unlivable after a covered event.
What is loss of use
This is a plan that lets you see any doctor, even out of network, usually costs more.
What is PPO