Entrepreneurship--Lesson 6-3 Slides

Match

Match the terms to their definition

• The monthly or annual amount you must pay in order to have insurance coverage

• The annual amount of money you must pay out-of-pocket for medical expenses before your insurance kicks in and starts to make payments

• A flat fee you must pay towards the costs of medical visits. Your insurance provider pays the remaining balance.

• The maximum dollar amount that an insurer will pay for damages or losses under an insurance policy.

Premium

Deductible

Co-pay

Policy limit

• Premium

• Deductible

• Co-pay

• Policy limit

Match

Match the following term to the proper definition.

• Liability Insurance

• Collision Insurance

• Comprehensive Insurance

• Personal Injury Protection (PIP)

• Uninsured / Underinsured Protection

...protects you from harm/damage done to another driver.

...covers damage to your vehicle caused by a another vehicle.

...covers damage to your vehicle not caused by a wreck.

...pays for medical expenses of the policy holder.

...protects you against drivers with no insurance.

• ...protects you from harm/damage done to another driver.

• ...covers damage to your vehicle caused by a another vehicle.

• ...covers damage to your vehicle not caused by a wreck.

• ...pays for medical expenses of the policy holder.

• ...protects you against drivers with no insurance.

Multiple Select

Which of the following are considered types of business insurance?

• Property insurance

• Casualty insurance

• Life insurance

• Vehicle registration