Insurance Basics
This is the amount you pay every month to keep your insurance active
What is a premium ?
This part of auto insurance pays for damage you cause to another driver's car.
What is liability coverage?
This fixed amount you pay at each doctor visit is called what?
What is co-pay?
This insurance protects your belongings when you rent an apartment.
What is renters insurance?
This insurance is for low-income individuals and families
What is Medicaid?
This is the amount you pay out of pocket before your insurance starts paying
What is a deductible ?
This covers damage to your own car if you crash into another vehicle or object.
What is collision coverage?
This plan gives you more doctor choice and doesn’t require referrals, but costs more
What is a PPO?
This pays if your things are damaged by fire, theft, or vandalism.
What is personal property coverage?
Most Americans get their health insurance from this place.
What is their employer?
This is the maximum amount your insurance will pay for a covered loss.
What is a limit?
This factor affects your insurance rates and gets worse if you get speeding tickets
What is your driving record?
Under the ACA, this is the age you can stay on your parents’ insurance until.
What is 26?
This type of coverage pays you the full cost to buy a new item at today's price.
What is replacement value?
This auto-insurance factor increases your rates if you drive a sports car.
What is the type of vehicle you drive?
This person sells insurance and helps you choose the right coverage.
What is a broker?
Florida requires $10,000 of this type of coverage, which pays for your own medical costs, no matter who was at fault.
What is PIP (Personal Injury Protection)?
Before insurance pays anything for her surgery, Ana must first pay $1,200 herself. That $1,200 requirement is called what?
What is a deductible?
After a break-in, Mia’s laptop is stolen. Her insurance pays her the current value of the used laptop instead of what it would cost to buy a new one. This type of coverage is called what?
What is actual cash value?
After losing his job, Daniel qualifies for a government program that provides free or low-cost health coverage because his income is low. Which program is he using?
What is Medicaid?
Maria files paperwork with her insurance company after her laptop is stolen so she can get money back. She is submitting what?
What is a claim?
A storm knocks a tree onto Zack’s parked car. The repair is covered by this part of his auto insurance.
What is comprehensive coverage?
Chris has already spent enough this year on medical bills that now his insurance covers every doctor visit and prescription for free. What limit did he reach?
What is the out-of-pocket maximum?
A pipe bursts in Brandon’s apartment while he’s at school. His clothes and furniture are ruined. The part of his renters insurance that covers replacing all those items at today’s full price is called what?
What is replacement value coverage?
Sara is hit by a driver who doesn’t have insurance. Her own policy still pays for her injuries because she purchased this optional type of coverage.
What is uninsured motorist coverage?