PFinance

Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure

• Claim

• Policy

• paperwork

• Deductible

Applies to the amount of protection you have through an insurance company in the event of a loss

• Policy limit

• coverage

• duplicate coverage

• Premium

Financial cost of obtaining an insurance cover, paid as a lump sum or in installments during the duration of the policy

• Insurance

• Cash

• Premium

• Policy

The maximum benefit an insurance company will pay a policyholder if/when an insured event occurs.

• Deductible

• Policy Payment

• Policy coverage

• Policy Limit

What is a Deductible?

• Amount you must save over time before receiving any benefits from your insurance company

• Amount you receive in benefits from your insurance company

• Amount you must pay before you begin receiving any benefits from your insurance company

• Coverage provided by your insurance carrier.

What is Out-of-pocket expense?

• Specific amount of money that you pay when insurance only covers a portion of the cost.

• Specific amount of money that your insurance co. pay to covers a portion of the cost.

• Specific amount of money that your car insurance cover to pay all cost.

• None of the above

Coverages needed after High School?

• Life Insurance, ID Theft, Car

• Life, Long-Term Care, Auto

• Health, Auto, Liability, Home

• Health, ID Theft, Auto, Renters

Must be Update Yearly and has a 10-20% kicker

• Mortgage Insurance

• Guaranteed Replacement Cost

• Extended Replacement Cost

• Liability Extended Coverage

What is Liability Coverage?

• Covers property damage of the other driver if you get in a wreck and it's your fault.

• Covers your car as well as the other person if your car is damaged and it is your fault.

• medical costs and property damage of the other driver if you get in a wreck and it's your fault.

• flood and property damage of the other person.

This policy gives you additional liability protection above your other policies.

• Guaranteed replacement Policy

• Liability Policy

• Umbrella Liability Policy

• Comprehensive liability Policy