Insurance Vocabulary

7. Tax Money withheld from an employee’s paycheck and used for federal, state, and local needs
9. Type of insurance to protect from damage or loss of items in a rental property
10. Cost of having insurance covering a set amount of time
11. Type of insurance in which the insured pays a share or percentage of the claim
12. Document that outlines the terms and conditions for insurance coverage

1. Specified dollar amount the policyholder must pay before an insurance company will pay
2. Type of insurance to cover lost income when an illness or injury keeps an employee from working
3. Type of insurance that covers house as well as possessions inside in case of damage or loss
4. Insurance corporation that insures deposits at banks
5. Expenses for medical care that aren't reimbursed by insurance
6. Request by a policyholder to an insurance company for payment for a covered loss
8. Amount of money put into an account or amount of money owed on a debt after subtracting interest
11. Fixed fee paid for specific medical services, like a visit to the doctor's office