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lesson 5/6
100
what is risk
chance of loss from an event that cant be controoled
100
how do you determine the total cost
add up all expenses
100
what does 25/50/10 mean?
per person bodily limit, per-accident bodily injury limit, per-accident property damage liability limit
100
what is a risk
property loss or damage
100
find 15% of 3,350
22.33
200
what is an insurance policy
contract between you and insurrer
200
how do find your deductable
amount paid before insurance will cover you
200
medical insurance covers who and pays for what?
it pays for costs after you are hurt, and it covers injuries sustained by the driver of the insured vehicle or any passenger regardless of fault
200
an HMO puts together a network of what
health coverage
200
find 5.8 of 864
14896
300
what is a premium
money paid to purchas policy
300
what is premium
monthly/ yearly cost of insurance
300
what is a risk
uncertainty about a situations income, unpredictable events which can lead to loss or damage
300
over what percent of bankrupts in the US are the result of medical bills
20%
300
what are the liability limits for 50/80,24
50thousand 80thousand 24thousand
400
what is coverage
risk that covered and ammount paid
400
what is risk assumption
is a defense in the law of torts which bars or reduces a plaintiff's right to recovery against a neglect tortfeaser
400
what is automobile insurance
protects you from finical loss if you have an accident
400
does medical care provide higher or lower income for individuals and families
higher
400
what is 10% of 4,050
40500
500
what is emergency savings
6 months of expenses set to cover cost
500
what is risk shifting
taking and sharing a risk
500
what is liability insurance
protects insured if he/she is sued within the policy
500
what is medical coverage
pays for car accident regaurdless of who is at fault
500
what is 7.5% of 678
9040