Insurance 101

The amount paid to the insurance provider every month in order to maintain an insurance plan.

• Premium

• Deductible

• Co-pay

• Down payment

Primarily for health insurance; the amount owed each time you visit the doctor.

• Premium

• Deductible

• Co-pay

• Down payment

A contract between the consumer and insurance company that outlines coverage plans.

• Deductible

• Insurance Policy

• Premium

• Co-pay

Type of insurance that provides financial protection and income replacement in the case of death.

• Life Insurance

• Home Insurance

• Personal Property Insurance

• Health Insurance

A policy to protect your vehicle and you as a driver.

• Home Insurance

• Auto Insurance

• Life Insurance

• Health Insurance

Coverage that allows you to insure important and expensive items such as a wedding ring, antique furniture, art.

• Home Insurance

• Personal Property Insurance

• Life Insurance

• Auto Insurance

Designed to protect your home and property, it covers the costs of damage in cases such as theft and fire.

• Life Insurance

• Personal Property

• Home Insurance

• Life Insurance

This helps pay medical bills, and can include things like prescriptions or coverage for major medical costs.

• Health Insurance

• Life Insurance

• Home Insurance

• Auto Insurance

Which of the following are considered when you are looking for an auto insurance policy?

• Age

• Gender

• Type of vehicle

• Monthly Income

You should shop around for the best auto policy that fits your needs.

• True

• False