Finance- Insurance 2

With some policies, this is out-of-pocket cost to the insured. (before insurance kicks in)

• Revenue

• Deductible

The amount paid to obtain insurance coverage

• closing cost
• premium
• deductible
• assessed value

The type of insurance that provides protection against financial loss from medical bills is called

• health insurance
• bond insurance

• life insurance
• premium

This optional type of auto insurance covers you for damage or loss to a vehicle from fire, theft, vandalism, or hail

• Fire-Theft insurance

• bodily insurance
• comprehensive
• collision

________ pays for protection against certain risks such as loss of life or loss of property

• collision
• subscription

• insurance
• deductible

If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.

• disability
• health
• premium
• hospitalization

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury

• emergency savings
• coverage
• claim
• employee benefits

This type of insurance should pay for damages if a tree falls on your car.

• Tree & Car

• Comprehensive

• Homeowners

• Life

This is the minimum insurance required by law, only repairs the vehicle (or property) you hit, not your own vehicle

• Liability

• Collision

• Comprehensive

• Deductible

Which of the following typically has the highest insurance premiums?

• Young, inexperienced drivers
• Older, experienced drivers
• Drivers with safe driving records

• Women