1. Auto Insurance
Eleanor M. Savko
Health
Insurance
Key Terms
5/28/2018
Life
Insurance
Home
Insurance
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2. Eleanor M. Savko
5/28/2018
Pays for damage to YOUR vehicle in an accident that is your fault or nobody’s fault

3. What is Collision?

4. Pays for injuries to OTHER people in an accident that is your fault

5. What is Bodily Injury
Liability?

6. Coverage that applies if your car is ever stolen

7. What is Comprehensive Physical damage?

8. Pays for injuries to YOU in an accident that is your fault

9. What is Medical Payments coverage or Personal Injury Protection?

10. You should drop these coverages if your car has very low value

11. What is Collision and Comprehensive Physical Damage?

12. Through this, you can keep your health coverage when you leave a job for up to18 months

13. What is COBRA?

14. A federal health insurance program for qualified consumers

15. What is Medicare?

16. Pays a large share of surgical expenses

17. What is Medical Payments coverage (health insurance)?

18. You are charged a fee for each medical service you receive

19. What is a Fee-for-Service plan?

20. Specific conditions or services NOT covered by health insurance

21. What are exclusions?

22. Neither party is blamed for an auto accident

23. What is a No-Fault insurance system?

24. The part of Medicare which must be purchased for coverage

25. What is a Medicare Part B?

26. Your furniture, and jewelry

27. What is personal property?

28. A loss in value over time

29. What is Depreciation?

30. A group of drivers in a state who are unable to obtain auto insurance

31. What is an assigned risk pool?

32. Insurance that gives you life protection for a specified length of time

33. What is term life insurance?

34. Life coverage for your entire life, but you only pay up to a certain age

35. What is Limited- Payment life insurance?

36. Double Jeopardy

37. Premium includes cost of the actual insurance and an additional amount that is put into an investment account

38. What is Permanent Life Insurance or Whole Life Insurance?

39. The person or group that receives the money when you die

40. What is a beneficiary?

41. The premium is fixed but the benefit goes down as you get older.

42. What is Decreasing Term Life insurance?

43. The most common form of home insurance.

44. What is Special Form (HO-3)?

45. The standard deductible for homeowner’s insurance.

46. What is $250?

47. 3 discounts you can receive on your home insurance policy

48. What are deadbolt locks, smoke alarms, carbon monoxide detectors, fire extinguishers, and home security systems?

49. An estimate of home market value

50. What is an appraisal?

51. Pays for replacing items with comparable new ones when damaged or stolen

52. What is Replacement Coverage?