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Definition
| A measure of the likelihood that something will be lost |
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| The procss ofm measuring risk and finding ways to miminize or manage loss |
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| An individual who relies on someone else for financial support |
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Term
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Definition
| A person who owns an insurance policy |
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Definition
| Amount of money paid to an insurance company for a policy on a regular basis |
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| The amount you will be required to pay before insurance pays for any services |
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Definition
| A health insurance plan that pays for covered medical services after treatment is provided |
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Definition
| A percentage the policy must pay for certain services |
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| a person whose care requires a stay in the hospital |
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Definition
| A health care plan that contracts with specific doctor and other health care providers, hospitals, and clinics to provide a range of medical services and preventive care to members of the plan at reduced cost |
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Definition
| A flat fee the policyholder must pay for certain services |
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Term
| health savngs account (HSA) |
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Definition
| A tax-advantaged savings account available to people enrolled in qualified High Deductible Health Plans (HDHPs) |
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Definition
| The service s that are not covered in an insurance plan |
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Term
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Definition
| An illness or injury a person has before signing up for a health care plan |
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Term
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Definition
| Insurance that covers the policyholder for a specific period a specific period of time- 5, 10, 20 years untila specified age |
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Definition
| Insurance that provides the policyholder with basic lifetime protection so long as the premiums are paid |
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Term
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Definition
| Insurance that pays the face value of the policy to the beneficiaries if the insured dies befoe the endownment period ends |
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Term
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Definition
| Ab estimate of the current value of the property |
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Term
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Definition
| A decrease in the value of property as a result of age or wear and tear |
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Term
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Definition
| Coverage that protects insured persons when they are liable for an auto accident that injures or kills others |
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| property damage liability |
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Definition
| Coverage that protects insured persons when they are liable for an auto accident where the property of others is damaged |
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Term
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Definition
| Coverage that eliminated the faultfinding process in settling claims by having each policyholder make a claim after an accident |
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