Provides payments for both liability and property insurance on a vehicle
What is automobile insurance
100
Provides money to pay for health care for illness, injury, or, in some cases, preventive care
What is health insurance
100
A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury
What is a claim
100
The donation of a product or service in place of case
What is an in-kind income
200
A legal responsibility for the financial cost of another person's lossess of injuries
What is liability
200
Provides payment to cover liability losses as well as damage and los of the home structure and its contents
What is homeowners insurance
200
Provides payment to beneficiaries who were named by the insured person
What is life insurance
200
Requires the insured individual to pay a fixed percentage of the loss after the deductible ha been paid
What is co-insurance
200
When the act of insuring an event increases the likelihood that the event will happen
What is moral hazard
300
The chance of loss from an event that cannot be entirely controlled
What is Risk
300
Doing something in the home without pay that takes raw materials along with a family member's skill, experience, knowledge, and household equipment, to produce a useful product or service
What is household production
300
Provides payment for extended nursing care due to accidents, illness, or old age
What is long term care
300
The risks covered and amount of money paid for losses under an insurance policy
What is coverage
300
A person who owns the insurance policy
What is a policyholder
400
A fee paid for insurance
What is a premium
400
Provides payment to the insured person if his or her property is damaged or destroyed by an accident covered by the insurance policy
What is property insurance
400
Provided payment to replace earnings during times when workers cannot work due to illness or injury
What is disability insurance
400
Someone who relies on someone else for income and care
What is a dependent
400
A person who owns the insurance policy
What is a policyholder
500
The set amount that the policyholder must pay per loss on an insurance policy
What is a deductible
500
Provides payment to renters to cover the damage and loss of property in a rental unit in addition to liability losses
What is renters insurance
500
Someone who receives money if an insured person dies
What is a beneficiary
500
Cash set aside that can be used to cover the costs of unexpected expenses