Insurance Chapter

An arrangement in which an individual will receive financial protection or reimbursement of losses from an insurer.

• Insurance

• Copay

• Policy

• Coverage

The contract between an insurance company and the insured individual.

• Insurance

• Policy

• Copay

• Coverage

The amount of liability protection offered to an individual through an insurance policy.

• Insurance

• Policy

• Coverage

• Copay

The amount of money paid for an insurance policy each month.

• Deductible

• Copay

• Premium

• Claim

What type of insurance would you get when you rent a house?

• Homeowner's

• Life

• Health

• Renter's

Which insurance is required to have?

• Life

• Renter's

• Auto

• Disability

There is a hailstorm. Which insurance could pay for the damages to your car?

• Liability

• Comprehensive

• Collision

• None

You cause a wreck and you have liability car insurance. Which of the following will the insurance pay for?

• Just other person's car

• Just your car

• Other person's car and your car.

• Nothing

You cause a wreck and have collision insurance. The insurance company will pay for what?

• Just other person's car.

• Your car.

• Nothing

Which of the following have pay less for their life insurance?

• 20 year old

• 75 year old