Chapter 9 Review Flashcardizz (Role of Insurance

Front

Insurance helps you transfer the _________ from your bank account to the insurance company.

Back

risk

Front

This type of insurance pays your dependents if you pass away:

Back

life insurance

Front

What is the minimum type of auto insurance do you need?

Back

liability insurance

Front

This type of home insurance covers the structure of your home.

Back

Dwelling insurance

Front

Which of the following groups needs health insurance? The Young & Healthy, Parents with kids, The elderly, All of these answers are correct

Back

All of these answers are correct

Front

_______ will provide money to replace lost income for years—even up to retirement.

Back

Long Term Disability

Front

What is insurance coverage?

Back

Insurance coverage is the protection provided by an insurance policy.

Front

The purpose of life insurance is to replace your ___________ when you die.

Back

income

Front

Comprehensive coverage pays for loss or damage to your car caused by _____________.

Back

Anything other than a collision

Front

What does "loss of use" insurance do?

Back

Loss of use insurance provides coverage for additional living expenses if your home becomes uninhabitable.