Insurance Notes

2. a payment to the insurance company for an insurance policy
3. Insurance protection that covers damages to home or land which may cover damage from fire, flood, or earthquakes
6. Covers injury or damage to the driver, passengers, or the vehicle caused by a driver with insufficient insurance
8. the uncertainty about a situations outcome
9. the amount of money an insured person pays before the insurance company makes payments for loss
10. a contract between the individual and the insurer specifying the terms of the insurance arrangements
11. insurance may cover hospital, surgical, dental, vision, long-term care, prescription, or other major expenditures;MUST be purchased by the individual OR through their employer.
15. covers medical and rehab expenses relating to sever accidents
19. Insurance pays benefits in the event the insured becomes incapable of working
20. insurance pays a beneficiary in the event of an insured's death
21. Insurance protects the insured from loss of the contents of the dwelling rather than the dwelling itself

1. Insurance combines property and liability insurance into one policy to protect a home from damage costs due to perils
2. damage driver or car owner is held legally responsible for damaging another’s property
4. a policy which states the amount to be paid to the beneficiary upon the insured person’s death
5. the person to receive the death benefit (money from the policy)
7. an event which can cause a financial loss like fire, falling trees, lightning and others
10. a consumer who purchases the policy
12. payment not required in all states;Covers injuries sustained by the driver of the insured vehicle or any passenger regardless of fault covers insured family members injured as passengers in a car or injured while on foot or bicycle
13. is a person who relies on someone else financially.
14. Injury driver or car owner is held legally responsible for injuries suffered by another person
16. Insurance protects the insured party from being held liable for other’s financial losses
17. an arrangement between an individual (consumer) and an insurer (insurance company) to transfers risk after paying a premium.
18. pays a set amount upon your death