Auto insurance
A type of coverage that pays for damages that were a result of an accident with another vehicle.
What is collision coverage
Coverage that provides protection for your house and its financial risks
What is homeowners insurance
A person named to receive the benefits from a life insurance policy
What is a beneficiary
Some plans have dollar limits on the claims they will pay for over the course of the year
What is annual coverage limit
The type of insurance that protects you if you get hurt at work later on putting you out of work
What is workers compensation
The fee of auto insurance
what is a premium
Receiving the full cost of repairs/replacing damaged items
what is replacement value
Insurance that provides protection against loss of life for a specific term/ a period of time
What is term insurance
The maximum amount you pay for the covered medical expenses in a year
What is out of pocket limit
Insurance that covers you if you're out of work because of injury (not caused by work) or sickness
what is disability coverage
Type of insurance that protects you from being sued for damages you caused someone else
what is personal liability insurance
Different type of insurance that covers you from water damage
what is flood insurance
A permanent policy for which you pay a specified premium for the rest of your life
What is whole life insurance
A specific flat fee you pay for, after each medical service
What is a copayment
how can you use disability insurance?
you can use it to cover medical bill and your income.
Insurance that covers injuries in a accident caused by you
What is bodily injury liability
Living in Earthquake prone areas, most home owners own this type of insurance
What is earthquake coverage
Insurance usually offered by employers who pays part of, or all of the costs for their employees
What is group insurance
Type of insurance that covers low-income families and children.
What is Medicaid
self inflicted injuries and sickness or injuries sustained while committing a crime?
what is not covered by disability insurance
Insurance that protects you if your car is damaged in a non accident situation
What is comprehensive physical damage
The sum of money you pay out of pocket before insurance will pay for damages claimed by you
what is a deducible
2 types of death that exclude you from receiving life insurance money
Death due to war, and death due to illegal activities
type of insurance federally funded available mainly to people over 65 and to people with disabilities
what is Medicare
why is it important to have disability insurance?
disability insurance will help insure that you and your family will be provided even if you cant work.