Auto Insurance
A phrase that people use widely, but is not an official insurance term.
What is "full coverage"?
Coverage for your primary home.
What is homeowner's insurance?
Liability
What is being legally obligated to pay for or compensate another party for harm, damages, or losses caused by your actions, inaction, or negligence?
Protection that pays a beneficiary, in the event of death.
What is life insurance?
Comprehensive Coverage
What is auto insurance that pays for damage to your vehicle caused by non-collision events, such as theft, vandalism, fire, hail, or hitting an animal?
Stated amount you are responsible for in a covered claim.
What is a deductible?
Liability Claim
What is a request for coverage caused by a lawsuit against an insured?
Marriage, Buying a house, having a baby, change in jobs or income.
What are reasons to purchase life insurance?
Collision Coverage
What is physical damage coverage for an at-fault accident?
Coverage that pays in the event you are displaced by an event covered on your policy.
What is Additional Living expense?
Umbrella Policy
What is additional liability protection from lawsuits that could leave your assets and future wages at risk. Offer protection over home, auto and other underlying policies?
Children's Term Rider
What is added coverage for children?
Auto Liability Insurance
What is mandatory vehicle insurance that pays for bodily injuries and property damage you cause to others in an at-fault car accident?
Replacement Cost Coverage
What is insurance that provides the value to replace covered items for today's purchase value versus the actual cash or a depreciated value?
Teen Driver
What is a high liability risk?
Term Insurance
What is life insurance at a determined value, locking the rate in for a specific time?
Medical Payments Coverage
What is coverage for you and/or your passengers in the event of an at-fault accident?
Optional coverage that provides compensation to bring the home up to code during a covered claim.
What is building codes coverage?
Liability Exposure Risk
What is an obstruction on or condition of the property that could cause or contribute to damage in a potential claim?
A policy that locks in a rate at a specific value, lasts to age 121. Typically builds cash value.
What is whole life insurance?