INSURANCE & RISK MGMT
AUTO INSURANCE
PROPERTY INSURANCE
LIFE INSURANCE
HEALTH INSURANCE
100
Protection against possible financial loss
What is insurance
100
Insurance that covers damage to your vehicle when itis involved in an accident
What is collision insurance
100
Coverage that provides protection for your residence and its associated financial risks
What is homeowners insurance
100
A person named to receive the benefits from a life insurance policy
What is a beneficiary
100
A form of financial protection that eases the financial burden people may experience as a result of illness or injury
What is health insurance
200
A legal responsibility for the financial cost of another person's lossess of injuries
What is liability
200
Insurance that covers you and your family members if you are involved in an accident with an uninsured or hit-and-run driver
What is uninsured motorist's protection
200
Pays the cost of minor accidental injuries to visitors on your property
What is medical payments coverage
200
Insurance that provides protection against loss of life for only a specified term, or period of time
What is term insurance
200
The percentage of the medical expenses the policy holder must pay in addition to the deductible amount
What is coinsurance
300
What is the failure to take ordinary or reasonable care to prevent accidents
What is negligence
300
Insurance that covers physical injuries caused by a vehicle accident for which you are responsible
What is Bodily injury liability
300
Additional property insurance that covers the damage or loss of a specific item of high value
What is personal property floater
300
A permanent policy for which you pay a specified premium each year for th rest of your life
What is whole life insurance
400
A fee paid for insurance
What is a premium
400
Insurance that protects you if your vehicle is damaged in a non-accident situation
What is comprehensive physical damage
400
Payment based on the replacement cost of an item minus depreciation
What is actual cash value
400
The accumulated savings from a whole life insurance policy
What is cash value
400
A group of doctors and hospitals that agree to provide specified medical services to members at prearranged fees
What are preferred provider organization (PPO)
500
The set amount that the policyholder must pay per loss on an insurance policy
What is a deductible
500
A group of people who cannot get motor vehicle insurance who are assigned to each insurance company operating in the state
What is assigned risk poola
500
Receiving the full cost of repairing or replacing an item
What is replacement value
500
Insurance that is usually offered by employers, who pay part or all of the costs of their employees
What is group insurance
500
A federally funded health insurance program available mainly to people over 65 and to people with certain disabilities
What is medicare
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