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4. The formal contract between you and the insurance company that outlines coverage, exclusions, and terms.
7. A fixed amount you pay out of pocket for certain services (common in health insurance).
8. Extra liability coverage that goes beyond the limits of your auto, homeowners, or renters insurance policies.
12. Covers non-collision damage to your vehicle, such as theft, fire, vandalism, or natural disasters.
14. Provides coverage if you’re hit by a driver who has no insurance or insufficient insurance to pay for damages.

1. A financial arrangement where you pay premiums to an insurer in exchange for protection against specific risks.
2. Insurance Covers damage to your own vehicle caused by a collision with another car or object, regardless of fault.
3. Covers costs if you’re legally responsible for injury or property damage to others.
5. The specific risks, losses, or events that your insurance policy protects against.
6. The amount you must pay out of pocket before your insurance coverage kicks in.
9. Protects your home and belongings against risks like fire, theft, or certain natural disasters, and includes liability coverage for accidents on your property.
10. Covers personal belongings and liability for tenants, but not the building itself (that’s covered by the landlord’s insurance).
11. The regular payment (monthly, quarterly, or annually) you make to keep your insurance policy active.
13. A formal request you make to your insurance company for payment after a covered loss or event.