Auto insurance that protects you against costs to repair your own vehicle after a crash

Auto insurance that protects you against costs to repair or replace your vehicle after events out of your control such as weather, vandalism, theft, etc.

A fixed dollar amount that you agree to pay each time you receive medical treatment, such as a doctor's visit or prescription

The amount of money you agree to pay towards your losses before your insurance coverage will begin paying

An agreement where you make regular payments to a company and the company promises to pay you money if you suffer a specified injury, illness, loss, etc.

A contract in which an individual or entity receives financial protection or reimbursement against losses

The maximum amount of money you will have to spend on health care in a year, after which the insurance company agrees to cover all costs

The specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time

The spreading of financial risk evenly among a large number of contributors to the program

An employee of an insurance company who evaluates an individual's risk factors and assigns premium amounts

Protects the insured from financial losses if they are found legally responsible for causing injury or property damage to someone else

A framework that organizes and manages the logic and analytics used to make business decisions with regards to an individuals insurance coverage

the process of identifying, assessing, and controlling risks that could impact an insurance company or organization

The possibility of losing money or experiencing a financial loss due to various factors related to insurance coverage

Strategy where one party transfers risk to another party. In insurance, this is usually done by purchasing an insurance policy, where the policyholder transfers the risk of potential losses to the insurance company

Method of providing insurance to people who are considered too high-risk and would otherwise be denied coverage by private insurance companies

Type of life insurance that combines elements of term life insurance and a savings account; provides temporary coverage for a set period of time, and pays out to the policyholder or their beneficiaries depending on whether the policyholder survives the term

A contract between an insurance company and a buyer that provides a guaranteed income stream in exchange for a series of payments

Concept of whether a person or entity is eligible for insurance coverage from a specific company

Parts of an insurance policy that remove coverage for certain events, property, or types of damage; can vary based on the insurance provider's discretion

Person or entity that receives benefits from an insurance policy or financial product

Legally binding change to an insurance policy that adds, modifies, or removes coverage

Intentional and voluntary act of relinquishing or abandoning a right, privilege, claim, or legal benefit, often in a written statement