Insurance unit

The main part of a car insurance policy, which clearly spells out every point of what coverage you receive for the premium you're paying

Term   Insuring Agreement

• True

• False

An act on the part of either the buyer or seller of an insurance contract

in an attempt to gain money illegally

Term   Insurance

• True

• False

The specified amount of payment required periodically by

an insurer to provide coverage under a plan for a defined period of time

Term :    Premium

• True

• False

The lowest amount of auto insurance coverage one

can have to be legally allowed to drive in each state

Term   Deductible

• True

• False

The amount of money you agree to pay towards your losses

before your insurance coverage will begin paying

Term     Probability

• True

• false

When someone with insurance endures a negative outcome, such as injury or theft, and expects payment from the insurance company to compensate them

• Claim

• Loss

• Risk

• Copay

An employee of an insurance company who evaluates an individual's risk factors and assigns premium amounts

• Renters Insurance

• Insurance Agent

• Deductible

• Underwriter

Auto insurance that protects you against costs to repair or replace your vehicle after events out of your control such as weather, vandalism, theft, etc.

• Liability Coverage

• Comprehensive Coverage

• Collision Coverage

• HMO

Auto insurance that protects you against another driver not having enough coverage to pay the entirety of your losses

• Uninsured/Underinsured Coverage

• Comprehensive Coverage

• Insurance

• Personal Injury Protection (pip)

The maximum amount an insurance company will pay if you file a claim

• Insurance Agent

• Coverage Limit

• Risk Pooling

• Out of Pocket Maximum