Insurance

Unpredictable events that can lead to loss or damage.

• Peril

• Risk

• Hazard

• Insurance

Transfers risk from an individual to an insurance organization

• Policy

• Coverage

• Risk

• Insurance

Paperwork submitted to insurance describing the accident, illness or injury.

• Policy

• Claim

• Deductible

• Insurance

The amount of money that is shared by the insured and the insurance company.

• Deductible

• Co-Insurance

• Premium

• Policy

Individuals acquire insurance from which sources? (Can be more than one)

• Individual

• Extended Relatives

• Employers

• Government