Insurance 101
The required payment by an insurer to be covered under a plan -- usually monthly.
What is a Premium?
This type of auto insurance is required so that you can pay for damage to other's property and body.
What is Liability?
This insurance covers medical costs.
What is Health?
Sometimes landlords require their tenants to have this type of insurance to cover potential injuries, theft, or loss.
What is Renter's Insurance?
This type of insurance includes personal liability coverage, which can help cover costs if a person is injured on the property you own
What is Homeowner's Insurance?
The amount of money you agree to pay towards your losses before your insurance coverage will begin paying.
What is a Deductible?
This type of auto insurance protects you against costs to your own vehicle.
What is Collision?
This is the amount you agree to pay each time you receive medical treatment.
What is a Copay?
Because of expected expenses, especially on medication, vaccines, and checkups, some people choose to get this for their non-human family members.
What is Pet Insurance?
This policy is only necessary if other people, such as your children, are relying on your income.
What is Life Insurance?
You must submit this if you want your insurance to cover something.
What is a Claim?
The maximum amount that an insurance company will pay for specific damages in an auto accident -- these are clearly outlined in the policy.
What are Limits?
By completing a form attesting that you do not use these products you can usually save up to 50% on your health insurance premium.
What is Tobacco/Nicotine?
This major weather event is not covered by most homeowner's insurance policies.
What is a flood?
If you live in a stormy, low-lying area, this type of insurance may be valuable to add.
What is Flood Insurance?
An actuary analyzes statistics, coming up with insurance rates and premiums by calculating this -- ultimately insurance is based on this term.
What is Risk?
This auto insurance option covers damages from non-accident events like theft, vandalism, or natural disasters.
What is Comprehensive?
This federal program covers over 67 million Americans, mostly people older than 65 and younger citizens with certain disabilities and conditions.
What is Medicare?
Term or whole are both options for this type of insurance.
What is Life Insurance?
This insurance could be valuable if you have tenants who rent from you.
What is Landlord Insurance?
The percentage of costs that are split between the policy owner and the insurance company.
What is Co-Insurance?
This particular discount may be offered by auto insurers for students.
What is a Good Grades Discount?
Doctors or medical providers that have a contract with you insurance provider are known as this.
What are In-Network Providers?
This insurance will cover either the entirety or a portion of a person's income if they are injured or unable to work for a certain period of time.
What is Disability Insurance?
This type of insurance could be valuable for workers in highly physical careers.
What is Disability Insurance?
The most expensive sporting insurance policy of all time belonged to this soccer player's legs.
Who is Lionel Messi?
This insurer has a $110 billion pool of money from which to pay claims.
What is State Farm?
This is the oldest age you can be to stay on your parent's health insurance.
May pay for individual care in a nursing home.
This is the type of insurance designed to make you wealthy.
What is none?