Personal Math Insurance Flashcard

Front

What is the chance of loss from an event that cannot be entirely controlled?

Back

Risk

Front

What type of insurance covers you and anyone else in your car's medical expenses?

Back

Medical

Front

What covers others' injuries when you are at fault in an accident?

Back

Bodily Injury Liability

Front

What is the money paid to an insurance company to purchase a policy called?

Back

Premium

Front

What covers damages to others' property when you are at fault?

Back

Property Damage Liability

Front

What is the term for the amount you pay out of pocket before insurance covers the rest?

Back

Deductible

Front

What type of insurance provides coverage for damages to your vehicle from accidents?

Back

Collision

Front

What type of insurance covers damages to your vehicle from non-collision events like theft or vandalism?

Back

Comprehensive

Front

What is the document called that outlines the terms of an insurance agreement?

Back

Policy

Front

What is the term for the amount charged by an insurance company for coverage?

Back

Premium