Auto Insurance
This type of coverage is when something like a tree hits your car
What is comprehensive
The lower actuarial value plan will have what
What is the lower premium.
The amount the insured pays for insurance coverage.
The amount the insured is responsible for paying when a claim is made.
What is a deductible
Automobile Insurance covers this or these types of vehichles
What is a car or passenger vehicles
This type of coverage is when someone hits your car
What is collision
What plan requires a Primary Care Physician
What is a HMO or POS
The process of documenting a loss against an insurance policy.
What is a claim
A high premium always leads to
What is a low deductible
The amount of money or other services to which a person is entitled under the terms of his or her insurance policy.
What is an insurance settlement
This coverage gives you money if someone hits you and does not have adequate insurance (enough money)
The lowest plan for health insurance will have the what
What is highest out of pocket payment
Eliminates the fault finding process in settling claims.
What is no-fault auto insurance
This coverage provides reimbursement for medical expenses for injuries to you or your passengers. It will also cover lost wages and other related expenses.
What is Medical Payments or Personal Injury Protection (PIP)
A mandatory insurance coverage that is required by your state
What is Bodily Injury Liability or Property Damage Liability (2x bonus if they get both)
True or false you have to pay out of pocket when seeing a out of network specialists for an EPO
What is True
Decrease in the value of property as a result of use, age, or wear and tear.
What is depreciation
The sequence of payments for health insurance Ex. ____ Pay
What is I pay We pay They pay.
The Person or group who receives a deceased person’s assets.
What is a Beneficiary
Windshield damage is common, and some auto policies include no-deductible what
What is Glass Coverage
These two plans do you not need a referral from your PCP to see a specialist
What is a PPO and EPO
This covers loss amounts that are higher than those covered by primary policies.
Explain and put in order premium, deductible, and out of pocket maximum
What is a premium is your monthly policy payment, with the deductible being how much you before the shared cost until you reach the out of pocket maximum in which you insurance pays for the rest.
This coverage protects a homeowner if others are injured on the policyholder’s property
What is Homeowners Liability Insurance