Term
|
Definition
| A dangerous place, conditions, or objects that are particularly attractive to children |
|
|
Term
|
Definition
| Coverage which includes medical hospital and surgical costs |
|
|
Term
|
Definition
| Automobile insurance that protects you from damage to your car from causes other than collision or vehicle overturning |
|
|
Term
|
Definition
| The specified amount of a loss that you, (the insures) will pay |
|
|
Term
|
Definition
| An insurance plan that makes regular payment to replace income lost when illness or injury prevents the insured from working |
|
|
Term
|
Definition
| A rider that allows the beneficiary to be paid double the face amount of the insurance policy in the even t of an accidental death |
|
|
Term
|
Definition
| A written amendment to an insurance policy |
|
|
Term
|
Definition
| A type of health insurance in which all those insured have the same coverage and pay the set premiums |
|
|
Term
|
Definition
| A plan for sharing the risk of high medical costs resulting from injury an or illness |
|
|
Term
|
Definition
| A group plan offering prepaid medical care to its memebers |
|
|
Term
|
Definition
| Insurance that protects property owners from a property and liability risk |
|
|
Term
|
Definition
| Putting the policy holder back in the same financial condition he or she was in there before a loss occured |
|
|
Term
|
Definition
| A method for spreading individual risk among a large group of people to make losses more affordable for all |
|
|
Term
|
Definition
| Insurance to protect against claims for bodily injury to another person or damage to another person's property |
|
|
Term
|
Definition
| Insurance that provides funds to the beneficiaries when the insured dies |
|
|
Term
|
Definition
| Automobile insurance in which drivers receive reimbursement from their own insurer, no matter who caused the accident |
|
|
Term
| Personal Injury Protection |
|
Definition
| Automboile insurance that pays for medical, hospital, and funeral cost of the insured family and passengers regardless of fault |
|
|
Term
| Personal Property Floater |
|
Definition
| Coverage for the insured movable property wherever it may be located |
|
|
Term
|
Definition
| The cost of an Insurance Policy |
|
|
Term
| Umbrella Liability Insurance |
|
Definition
| Supplement to your basic auto and property liability coverage that expands limits and includes additional risks |
|
|
Term
|
Definition
| Each persons' insurance pays for their own damages regardless of fault |
|
|
Term
| Personal Injury protection |
|
Definition
| Pays for medical hospital and funeral cost of the insured regardless of fault |
|
|
Term
| Name the 5 types of Auto insurance |
|
Definition
| Liability collision Comprehensive, Personal Injury Protection, Uninsured/ Under insured Motorists |
|
|
Term
| NJ requirement for Auto insurance |
|
Definition
all drivers must have liability- 10/30/5
PiP
and Un/ Underinsured |
|
|
