You are unable to work for three months and need help paying your expenses while you’re out of work.

You have a water leak in the home you own and need to replace the flooring and cabinets in the kitchen.

You are in an accident and although you do not need to be in the hospital, you require full-time care by medical professionals in your home.

You are having a baby and need medical care.

You are elderly and need assistance from medical professionals to continue living at home.

You are unable to work for one year and need income to pay for living expenses.

You lose control of your car and it rolls. Your car can’t be repaired, so you need to purchase a new car.

While driving your car you hit a tree. Your car must be fixed by a professional repair shop.

The house you own is destroyed by a tornado and you need to rebuild.

There is a fire in the apartment you rent and you need to replace all of your clothes and furniture due to smoke damage.

While driving a car, you cause an accident that injures someone else.

A sudden death of a family member results in a loss of household production (Income).

Someone breaks into the apartment you rent and steals your television.

An unexpected death of a family member results in funeral expenses.

You invite people to the apartment you rent and a guest trips over a pair of snow boots and breaks a finger.

The chance of loss from an event that cannot be entirely controlled is called:

At least six months of expenses set aside to cover costs of unexpected expenses is called

A financial product purchased by many people facing a similar risk to protect against the risk of larger losses is called:

A contract between the insurance company and the insured that states the exact terms of the policy is called:

The risks covered and amount of money paid for losses under an insurance policy is called:

The person who owns the insurance policy is the:

The money paid to purchase an insurance policy is called:

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury is called:

The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss is called:

This requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid:

This type of insurance provides money to pay for health care

This type of insurance provides payment to replace earnings during times when workers cannot work due to illness or injury.

This type of insurance provides payment for extended nursing care when a person cannot live independently (but doesn't need to be hospitalized).

This type of insurance provides payment for liability and property insurance on a vehicle.

This type of insurance provides payment to cover liability losses and damage/loss of home structure and its contents

This type of insurance provides payment for damage/loss of property in a rental unit in addition to liability losses

This type of insurance provides payment to others if a member of the insured household accidentally causes harm to other people or property; pays for injury or loss to others.

This type of insurance provides payment to insured person if his/her property is damaged or destroyed by an accident; pays for loss to insured person