Unit 7 - Insurance

The regular payment you make to the insurance company to have insurance.

• Premium

• Policy

• Deductible

• Claim

The percentage of the medical expenses the policyholder must pay in addition to the deductible.

• Coinsurance

• Premium

• Copayment

• Claim

Covers the cost of injury to others and property damage caused by you.

• Comprehensive

• Liability

• Policy

• Premium

The amount you pay before the insurance company pays for a claim.

• Premium

• Deductible

• Claim

• Policy

Federally funded health insurance program mainly for people over 65 or people with disabilities.

• Medicaid

• Medicare

The legal contract to purchase insurance.

• Deductible

• Claim

• Premium

• Policy

Pays for the damage to your car caused by something other than a car accident.

• Medical

• Liability

• Comprehensive

• Collision

A formal request for payment from the insurance company.

• Deductible

• Policy

• Claim

• Premium

Federally funded health insurance program available to low-income individuals and families.

• Medicare

• Medicaid

Pays for the damage to your car caused by colliding with another car or object.

• Liability

• Medical

• Comprehensive

• Collision