Insurance

A financial product purchased by many people facing a similar risk to protect against the risk of larger losses is called:

• insurance

• emergency savings

• policy

• premium

The money paid to purchase an insurance policy is called:

• premium

• deductible

• co-insurance

• risk

The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss is called:

• risk

• deductible

• premium

• policy

This type of insurance provides money to pay for health care

• health

• disability

• long term care

• homeowners

• automobile

This type of insurance provides payment to replace earnings during times when workers cannot work due to illness or injury.

• health

• disability

• long term care

• homeowners

• automobile

This type of insurance provides payment for liability and property insurance on a vehicle.

• automobile

• homeowners

• renters

• health

• disability

This type of insurance provides payment to cover liability losses and damage/loss of home structure and its contents

• automobile

• homeowners

• renters

• health

• disability

This type of insurance provides payment for damage/loss of property in a rental unit in addition to liability losses

• automobile

• homeowners

• renters

• health

• disability

This type of insurance provides payment to insured person if his/her property is damaged or destroyed by an accident; pays for loss to insured person

• property

• liability

You have a water leak in the home you own and need to replace the flooring and cabinets in the kitchen.

• Health Insurance

• Disability Insurance

• Long-Term Care Insurance

• Renters Insurance (Liability or Property)

• Homeowners Insurance (Liability or Property)