Insurance Basics Woodbridge High School

The money paid to an insurance company to purchase a policy.

The chance of loss.

Purchasing insurance is an example of:

Adriana's mother was in a car accident cannot work.  What might replace her mother's earnings?

A person who owns a policy is known as:

A formal request to an insurance company when there is an accident, illness, or injury:

You are unable to work because of an extended illness.  What might replace some of your income?

As you drive to school, a squirrel runs into the road and you hit a tree. Type of coverage?

If a neighbor falls off of YOUR roof, what type of insurance might be needed for his care?

If you fall off of a ladder in your garage, what insurance might be used for your doctor visit?

At a stop light, you hit the car in front of you. What coverage for THE OTHER car repair?

If someone breaks into your home and steals your possessions, what type of insurance is used?

You accidentally hit a bicyclist while driving. What type of coverage for their injuries?

What type of insurance provides financial support if someone dies.

The type of auto coverage that might pay for repairs because of hail damage is:

The larger the number of units, the greater the chance of receiving expected results.

Someone who relies on someone else for money and care:

The out of pocket money paid before an insurance company will cover the remaining loss.

If you go to the doctor to receive treatment for an illness, what insurance might cover it?

By pooling resources, people can spread the risk of financial loss.

Someone who receives money if an insured person dies 

The auto coverage that can be used for damage cause by another driver without insurance

Which of the following are examples of risk management strategies:

While texting and driving, you hit the car in front of you. What coverage for YOUR car repair?

Paying a fixed percentage of a loss, after the deductible has been paid is known as:

A financial product purchased by people with a similar risk to protect against the risk of loss

What auto coverage might be used if you cause an accident and injure the other driver?

What insurance might be used if someone steals your property from your apartment?

Renters insurance generally covers:

The type of life insurance that offers protection for a specific time period

Leaving your garage door open hoping your property will be stolen is an example of:

A contract that states the exact terms of the insurance policy including the risks covered.

What insurance pays OTHERS if a person accidentally causes harm to others or their property.

Wearing your seat belt while driving is an example of:

Donations of a product or service instead of cash is known as:

A type of account that allows consumers to save money for medical expenses