Understanding Insurance

4. This refers to the amount you must pay before your insurance provider begins to cover costs. This is measured on a yearly basis.
5. In this state, it is mandatory to buy auto insurance the covers injury/death of a person and property damage in an accident.
6. The person or group who owns the insurance policy.
9. This type of insurance protects a person against financial loss in the event of a car accident, damage, or theft.
10. This type of insurance pays an agreed sum of money to a beneficiary when the insured person dies.
12. Also known as the Affordable Care Act. It guarantees coverage for people with pre-existing conditions and health insurance for full-time employees of large companies.

1. The amount paid to the insurance provider every month in order to maintain an insurance plan.
2. This type of insurance covers a person's home structure and personal belongings inside due to theft or loss. It also helps repair for repairs and replacement.
3. Primarily for health insurance. This is the amount owed each time you visit the doctor.
7. This type of insurance covers eye care such as exams, glasses, and eye injury.
8. This type of insurance covers the cost expenses related to a person's teeth and gums.
11. This type of insurance covers the cost of medical expenses due to illness, injuries, and health conditions.