Insurance Vocabulary
Flashcard
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
+2
Standards-aligned
Wayground Content
FREE Resource
Student preview
15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Liability
Back
Responsibility to another person for one’s own negligence.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
2.
FLASHCARD QUESTION
Front
Replacement Cost
Back
The cost associated with replacing property at current market prices.
3.
FLASHCARD QUESTION
Front
Deductible
Back
The amount the insured must pay for a loss before any payment is due from the company.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
4.
FLASHCARD QUESTION
Front
Policy
Back
The contract issued by the insurance company to the policyholder.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
5.
FLASHCARD QUESTION
Front
Homeowners Policy Coverage
Back
Provides coverage for a policyholder’s belongings, liabilities, and possibly living expenses in the event of a loss.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
6.
FLASHCARD QUESTION
Front
Premium
Back
The amount paid by a policyholder to an insurance company to obtain or maintain an insurance policy.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
7.
FLASHCARD QUESTION
Front
Exclusion
Back
Specific conditions or circumstances for which the policy does not provide coverage.
Tags
CCSS.L.11-12.4C
CCSS.L.6.4C
CCSS.L.7.4C
CCSS.L.8.4C
CCSS.L.9-10.4C
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