Insurance: Protecting Your Assets

Automobile insurance that pays for your car in an accident is called 

• liability coverage
• collision coverage 
• comprehensive coverage
• premium coverage 

The amount you pay after a car accident before your insurance pays it is called 

• deductible
• liability 
• premium
• comprehensive 

Automobile insurance that pays for damage if your car is stolen is called 

• liability coverage 
• collision coverage 
• comprehensive coverage 
• premium coverage 

Insurance that covers your personal possessions in an apartment is called

• liability insurance 
• premium insurance 
• homeowners insurance 
• renters insurance 

A health savings account 

• allows you to make tax-free contributions 
• allows you to roll over unspent funds to the next year
• can be used to pay medical expenses
• All of the above 

A type of insurance that pays benefits to replace part of your income if you are unable to work because of illness or accident is called 

• Health insurance 
• disability insurance 
• comprehensive insurance 
• liability