Auto
What is the name of the monthly payment you make to keep your insurance active?
Premium
What happens when you have reached your health care deductible and out-of-pocket maximum?
The insurance company pays all covered costs for the rest of the year, with no annual limit
What are 3 things that personal property coverage will cover for renters insurance
Electronics, clothes, furniture, valuables
Younger drivers pay more than older drivers for car insurance
true
What is the name of the amount you must pay out of pocket before insurance covers the rest?
Deductible
Who typically pays for health care expenses once you have met your deductible?
You and your insurance company share the cost of health care expenses
What is the coverage that pays for legal fees if someone slips and falls at your house?
liability protection
I'm young and healthy, I don't need health insurance
False
The more time you spend on the road the more likely you are to get into a car accident
How much does an average overnight hospital stay cost without insurance?
$10,000-$30,000
Why should you have homeowners insurance?
Most mortgage lenders require it
Protects homeowners from major financial losses
bodily injury liability doesn't cover legal fees
false
What type of coverage covers damages that are out of your control?
Comprehensive
The most you’ll pay in a year before insurance covers 100%
out-of-pocket maximum
For homeowners insurance what covers repairs/replacements to the house itself if damaged by fires, storms, or other disasters?
Dwelling Coverage
If you have a high deductible for car insurance than you have a higher monthly premium
false
What is part of your car insurance that helps pay for the medical expenses if you injure someone else during an accident that you are at fault for.
bodily injury liability
What are two things that health insurance typically covers?
Preventive care, Emergency services, Prescriptions, Mental Health Services, Maternity & newborn care
What doesn't renters insurance cover? (3 things)
the building, animals, mold, earthquakes & floods
Renters insurance doesn't include Earthquakes and Floods
True