Car Insurance Vocab - 2023

Front

Insurance policy:

Back

A signed contract providing coverage for financial loss.

Front

Things a person can insure: cars, houses, vacations, cell phones.

Back

all of these

Front

Deductible definition:

Back

Amount paid before insurance covers damages.

Front

Insurance premium?

Back

Cost of insurance coverage.

Front

What is a 'policyholder'?

Back

The person or company that purchases an insurance policy.

Front

What is a risk?

Back

A chance that one takes.

Front

Type of insurance that pays upon death?

Back

life insurance

Front

What is a claim?

Back

A request for payment by an insured person to an insurer to cover losses.

Front

Beneficiary?

Back

A person that receives money or payment.

Front

Person, group, or organization covered by an insurance policy.

Back

insured