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100
A policy holder's formal request to the insurance company for payment of losses.
What is Claim
100
The person who owns the insurance policy
What is Policyholder
100
Payments for covered losses
What is Benefits
100
A percentage of your income withheld by the employer and deposited into a professionally managed investment account
What is 401K Plan
100
Company will pay the cost of the damage to the other person's car/property up to the amount of coverage you have.
What is Property Damage Liability
200
Covers services not provided by the basic plan
What is Major Medical
200
A regular payment required to buy insurance
What is Premium
200
Are the specific agreements spelled out in the insurance contract
What is Provisions
200
Guidelines and what rate the person will pay depends on this
What is Insurance scores
200
Pays for repairs for damages to your car only.
What is Collision Coverage
300
An insurance contract
What is Policy
300
Pays medical expenses for people 65 and over
What is Medicare
300
Employer-paid insurance that covers expenses for job-related injuries, illness, or death.
What is Workers Compensation
300
A person may be held legally responsible for any damages that occur in an accident they cause
What is Liability
300
Protects tenants in a house or apartment
What is Renters Insurance
400
Pays medical expenses for people who are unable to pay because of their low income or disabilities, regardless of age.
What is Medicaid
400
A federal law allowing employees who leave their jobs to continue coverage under their company's group health plan for up to 18 months.
What is COBRA
400
The amount of money policyholders must pay towards their own covered expenses before the insurance company pays any of the costs.
What is Deductible
400
Includes physical structures covered in the insurance
What is Real Property
400
Pays for damage to your car caused by something other than collision
What is Comprehensive Physical Damage Coverage
500
The time limit before you have to pay another deductible to receive payments for losses.
What is Benefit Period
500
The specific losses for which an insurance policy pays
What is Coverage
500
Portion of covered expenses that the policyholder must pay after meeting the deductible
What is Co-Insurance
500
Your insurance company pays for bodily injuries to your and your passengers no matter who caused the accident.
What is No Fault Insurance
500
Company will pay the amount needed to replace property destroyed
What is Replacement cost coverage
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