Insurance Lesson

The amount you pay for an insurance policy.

• Rider

• Premium

• Deductible

• Co-Pay

Car B is not insured, what is one way Car A can have the damages paid for.

• If car A has liability coverage

• If car A has Under-insured Motorist coverage

• If car A has Uninsured Motorists coverage

• If car A has Comprehensive coverage

A formal request made by the insurance policyholder to the insurance company for payment or services covered by the insurance policy.

• Claim

• Accident

• Premium

• Coverage

Chance or possibility of injury, damage, or loss that someone may want an insurance policy to cover.

• Debt

• Risk

• Premium

• Agent

Something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as...

• risk management.

• liability.

• warranty.

• insurance.

Match the terms to their definition

• Premium

• The maximum dollar amount that an insurer will pay for damages or losses under an insurance policy.

• Policy limit

• The annual amount of money you must pay out-of-pocket for medical expenses before your insurance kicks in and starts to make payments

• Deductible

• A flat fee you must pay towards the costs of medical visits. Your insurance provider pays the remaining balance.

• Co-pay

• The monthly or annual amount you must pay in order to have insurance coverage

Sally is not feeling well so her mother takes her to the doctor. The doctor tells her she has strep throat, gives her medication, and sends her home to recover. What types of insurance would be used in this case?

• Health

• Liability

• Disability

• Unemployment

Which types of insurance are most appropriate for a single, working, 24-year-old who owns a house?

• Health insurance

• Homeowners insurance

• Life insurance worth $1,000,000

• Auto insurance

David's mother is killed in an automobile accident. What type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed?

• Life

• Health

• Disability

• Worker's Compensation

Insurance that will pay someone you have chosen in the event you die.

• long-term care

• life

• risk

• broad collision