Show:
INSURANCE & RISK MGMT
AUTO INSURANCE
Misc. INSURANCE
LIFE INSURANCE
HEALTH INSURANCE
100
Protection against possible financial loss
What is insurance
100

Insurance that covers damage to your vehicle when itis involved in an accident with another vehicle. 

What is collision insurance

100
Coverage that provides protection for your residence and its associated financial risks
What is homeowners insurance
100
A person named to receive the benefits from a life insurance policy
What is a beneficiary
100

This is the number one cause of bankruptcy.

Health Care Costs

200
A legal responsibility for the financial cost of another person's lossess of injuries
What is liability
200

Insurance that covers you and your family members if you are involved in an accident with an uninsured or hit-and-run driver

What is uninsured motorist's protection

200

This type of insurance will provide income for you if you are unable to work.

Disability

200

Insurance that provides protection against loss of life for only a specified term, or period of time

What is term insurance

200
The percentage of the medical expenses the policy holder must pay in addition to the deductible amount
What is coinsurance
300

Wearing your seatbelt is a form of ___?

Mitigation

300

This type of insurance is fairly inexpensive and covers claims in excess of regular coverage.

Umbrella Policy

300
What percent of the value of your home are you required to have with homeowner's insurance?

80%

300
A permanent policy for which you pay a specified premium each year for th rest of your life
What is whole life insurance
300

You had a medical emergency that cost you $3,500.  You have had no previous medical expenses.  Your deductible is 1,000 and coinsurance is 90/10.  How much will you pay?

$1,250

400
A fee paid for insurance
What is a premium
400

This type of auto insurance is needed if you have hail damage.

What is comprehensive insurance

400

The apartment you rent burns down taking all of your possessions.  What type of insurance would replace your belongings?

Renter's Insurance

400

This is the process for determining eligibility for life insurance.

Underwriting

400

Your insurance will cover all of your medical expenses for the rest of the year once you have reached your _________________.

Out of Pocket Max

500
The set amount that the policyholder must pay per loss on an insurance policy
What is a deductible
500

This person uses math to quantify risk.

Actuary

500

Receiving the full cost of repairing or replacing an item

What is replacement value

500
Insurance that is usually offered by employers, who pay part or all of the costs of their employees
What is group insurance
500
A federally funded health insurance program available mainly to people over 65 and to people with certain disabilities
What is medicare