Insurance Unit Review

2. Protects you against costs to repair your vehicle after some sort of crash your vehicle was involved in.
4. A means of protecting yourself against risk
7. A federal program that provides benefits for qualified Americans, including the elderly and disabled. It is paid for through mandated contributions from every employee and employer.
8. Injury Protection Protects you against cost of your medical bills if you are involved in a car accident.
11. Protects you against costs to repair or replace your vehicle after events out of your control (weather, vandalism, theft, etc.)
14. The amount of money you agree to pay towards your costs before your insurance coverage will begin paying. Applies to most types of insurance, including car and health insurance.
15. Protects you against medical costs for the bodily injury of others and damages to the property of others.
16. life insurance life insurance that provides a death benefit and lasts for the policyholder's lifetime

1. A formal request to an insurance company asking for a payment based on the terms of the insurance policy.
3. An illegal act on the part of either the buyer or seller of an insurance contract.
5. The page of an insurance policy which includes a summary description of the insurance coverage provided and gives the maximum dollar limit the insurer will pay for a claim under each coverage.
6. A set percentage you agree to pay each time you receive medical treatment. The insurance company agrees to cover the rest.
9. An amount of money paid periodically to have coverage under a given insurance plan for a defined period of time.
10. A set dollar amount you agree to pay each time you receive medical treatment. The insurance company agrees to cover the rest.
12. An additional form of protection that can be purchased to extend/enhance a manufacturer's warranty (generally for consumer goods, like phones and electronics).
13. The spreading of financial risk evenly among a large number of contributors to an insurance program.