insurance

What is coverage?

• risks covered and the amount of money paid for losses under an insurance policy

• what the insurance company gives you in sum

• what is covered when you die

what is a premium?

• money paid to purchase policy

• money paying back insurance

• rewards included in insurance policy

• add on in the insurance policy

What are the three sources of insurance?

• bank account

• employer, government programs, self-insurance

• your grandma's insurance plan

• the investments you make

Disability or long term insurance is avaliable for people if they are disabled or out of work.

• true

• false

what is the purpose of property insurance?

• The purpose of property insurance is to protect against financial loss due to damage or loss of property.
• To cover the cost of home renovations.
• To insure against natural disasters only.
• To provide coverage for personal liability claims.

what is life insurance and why should you consider it?

• Life insurance is only necessary for wealthy individuals.
• Life insurance is a government program that provides free healthcare.
• Life insurance is a financial product that provides protection to beneficiaries after the insured's death, and it should be considered for financial security and peace of mind.
• Life insurance is a type of investment that guarantees money back.

what is uninsured motorist insurance?

• It covers damages caused by insured drivers.
• It provides health insurance for accidents.
• It is a type of life insurance policy.
• Uninsured motorist insurance protects you against damages caused by drivers who lack insurance.

what is coinsurance?

• amount of money paid after deductible that is paid jointly by the insured and insurance company

• amount of money paid after a doctors visit

• amount of money you pay after you pay back insurance

Payment paid during a doctor's/office visit.

Type of insurance that covers if you are at fault.

• Health

• Life

• Disability

• Liability