Insurance Vocab Review

Front

Coverage to protect against financial loss.

Back

Insurance

Front

The chance of losing something valuable and suffering financial loss.

Back

Risk

Front

Contract between insurance company and consumer outlining coverage

Back

Policy

Front

Legal responsibility for another's financial losses or injuries.

Back

Liability

Front

Legal responsibility for another's financial losses or injuries.

Back

Liability

Front

Consumer purchasing insurance is the Policy Holder.

Back

True

Front

Cost charged by insurance companies for coverage.

Back

Premium

Front

Out-of-pocket expense before insurance pays

Back

Deductible

Front

Coverage for residence, personal property, and liability expenses.

Back

Homeowners Insurance

Front

Insurance covering tenant's personal property loss due to damage or theft

Back

Renters Insurance