Term
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Definition
| a type of insurance that covers property damage or legal liabilities in the event of an auto accident, or property damage in the event of theft |
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Term
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Definition
| the indivigual or group of indiviguals named to recieve the benefit of a lie insurance policy |
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Term
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Definition
| the things that are protected or "covered" in an insurance policy |
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Term
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Definition
| the amunt of the loss you pay when you file an insurance claim |
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Term
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Definition
| the persons who depend on someone for their livelihood. Most often these are minor children and the spouse, but cann be adult siblings, adult children, and elderly parents |
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Term
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Definition
| a type of insurance that replaces the income of the insured indivigual if he or she cannot work due to injury or illness |
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Term
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Definition
| a type of insurance that covers the cost of both planned and unexpected health services |
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Term
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Definition
| a type of insurance that replaces the insureds home and personal property if they are damaged due to events such as theft, fire and smoke, and storms. Also covers legal liabilities of injuries suffered by other individuals in the insured person's residence. Does not cover earthquake or flood damage |
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Term
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Definition
| an agreement in which an idividual pays a company to protect him or her from possiable loss or damage.Can be a property or financial loss. |
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Term
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Definition
| an insurance that pays a sum of money to a beneficiary when the insured individual dies |
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Term
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Definition
| the agreement or contract between an individual and an insurance company |
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Term
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Definition
| the cost of the insurance property |
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Term
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Definition
| a type of insurance that replaces personal property if it is damaged due to events such as theft, fire and smoke and vandilisim in a rental residence.Also covers legal liabilities of injuries suffered by other idividuals in the insured persons residence.Does not cover earthquake or flood damage |
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Term
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Definition
| a type of life insurance that pays a benefit ony when a person dies during the term or time period of the policy |
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Term
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Definition
| a type of life insurance that pays a benefit no matter when the person dies |
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Term
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Definition
| life insurance that is expensive in orde to fund a savnggs plan within it.Also known as Whole Life Insurance |
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Term
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Definition
| portion of auto insurance that covers losses due to vechicle damage in an accident |
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Term
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Definition
| portion of auto insurance that pays for damage to your car that is not result of an accident |
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Term
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Definition
| required auto insurance in most states. the purpose of this coverage is to protect the insured againest claims for bodily injury to another person or damage to another persons property |
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Term
| Personal Injury Protection(PIP) |
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Definition
| also known as medical coverage insurance, it is auto insurance that pays for medical,hospital,and funeral costs of the insured and his/her family, passengers, regaurdless of fault |
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Term
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Definition
| auto insurance that pays for your injuries when the other driver is legally liable but unable to pay, or does not have adequate insurance to cover all your medical expenses |
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