What Type?
What insurance provides money to pay for healthcare?
What is Health Insurance
Its possible to control risks
False
Coach Dewitt was driving on the highway and hit a deer what coverage would that be under?
Comprehensive Coverage
Chance of loss from an uncontrolled event.
Risk
Out of pocket money paid before company pays reaming amount
Deductible
What insurance pays money to the insured person for damaged property?
What is Property Insurance
You have to provide every type of insurance independently
False
Coach Dewitt passes away in a car accident what insurance would pay Mrs, Dewitt for being a benificiary.
Life Insurance
At least six months of expenses set aside.
Emergency savings
Money paid to purchase policy
What is a premium
What insurance pays the benificiaries when a person passes away?
What is Life Insurance
The driver/car owner is held legally responsible for others property damage
Colton breaks his ankle on Coach Dewitt's property what insurance would cover Coltons medical fees
Liability Insurance
A product to prevent larger losses from occuring.
Insurance
The person who owns the insurance policy
What is a policyholder
What insurance pays to replace earnings during times when workers cannot work due to illness or injury?
What is Disability Insurance
The policy limit an insurance company will provide for property damage under liability insurance is $50,000
False
Rylen is at work getting a product off a high shelf for a customer and falls. He is then out for a few weeks on paid leave what insurance is covering him?
Disability Insurance
Product or service that add extra value for wages.
Employee benefit
Insurance pays fixed % of loss after deducatble
Co-insurance
What insurance pays others if a member of insured persons family or friends gets harmed on thier property?
What is Liability Insurance
Is Health insurance provided individually, by employer/government, or both.
Both
His parents personal health insurance.
Donation of product income.
In-Kind Income
A formal request to insurance company for payment for a loss/accident that occured.
What is a claim