
CH 7 Reducing Risk and Understanding Insurance
Flashcard
•
Financial Education
•
9th Grade
•
Practice Problem
•
Hard
Wayground Content
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25 questions
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1.
FLASHCARD QUESTION
Front
The value of your vehicle or other property at the time it was damaged resulting from an accident.
Back
Actual Cash Value
2.
FLASHCARD QUESTION
Front
Person designated as the recipient of funds or other property under a will, trust, insurance policy, or other financial arrangement.
Back
Beneficiary
3.
FLASHCARD QUESTION
Front
The amount an insurance company pays to you or your beneficiary when you file a claim.
Back
Benefit
4.
FLASHCARD QUESTION
Front
This covers medical expenses for injuries the policyholder causes to someone else.
Back
Bodily Injury Liability
5.
FLASHCARD QUESTION
Front
The policyholder's request for the reimbursement of an expense covered by an insurance policy
Back
Claim
6.
FLASHCARD QUESTION
Front
This covers physical damage to the policyholder's car from an accident.
Back
Collision
7.
FLASHCARD QUESTION
Front
For damage to the policyholder's car that doesn't involve a collision. Covers damage resulting from vandalism, fire, theft, falling objects, missiles, explosion, earthquake, flood, riot, etc.
Back
Comprehensive
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