Personal Finance: Risk Management

a type of insurance that covers any damage you may cause to another person or their vehicle

• Liability insurance
• Personal injury protection
• Collision insurance
• Comprehensive insurance

coverage that provides protection for your residence and its associated financial risks

• renter's insurance
• auto insurance
• life insurance
• homeowners insurance

a type of insurance that covers the loss of a tenant's personal property as a result of damage or theft

• homeowners insurance
• auto insurance
• life insurance
• renters insurance

Insurance that covers medical illness or injury.

• Health insurance
• Life insurance
• Homeowners insurance
• Auto insurance

insurance that pays out a sum of money either on the death of the insured person or after a set period.

• Health insurance
• Property insurance
• Life insurance
• Travel insurance

a certain type of insurance that protects a home against damage or destruction caused by a flood

• homeowners insurance
• earthquake insurance
• fire insurance
• flood insurance

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

• out-of-pocket maximum
• deductible
• co-payment
• premium

Amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance

• Coverage
• Premium
• Claim
• Deductible

Involves digging through trash receptacles to find computer manuals, printouts, or password lists that have been thrown away

• Information scavenging
• Dumpster diving
• File retrieval
• Data recovery

double-swiping a credit card in a legitimate terminal or covertly swiping a credit card in a small, hidden, handheld card reader that records credit card data for later use

• Credit card skimming
• Credit card cloning
• Credit card fraud detection
• Credit card phishing