Shared Flashcard Set

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Week 7
By Kate, Kayla, & Mikayla
11
Finance
9th Grade
01/26/2012

Additional Finance Flashcards

 


 

Cards

Term
Claim
Definition
Asking your insurance to cover something for you
Term
Deductible
Definition
The money that the insurance company doesn’t pay for you
Term
Premium
Definition
What you pay the insurance company in exchange for coverage
Term
Co payment
Definition
What you pay when you go to the doctor
Term
Liability Insurance
Definition
Protects you from lawsuits
Term
Home owner's Insurance
Definition
Protects your house (in the case of fire, natural disaster etc.)
Term
Life Insurance
Definition
Helps your family or friends by giving someone (of your choice) money when you die
Term
Long-Term Care Insurance
Definition
Makes sure you are taken care of after you cant take care of yourself
Term
Health insurance
Definition
Pays part of doctor bills, hospital bills, surgery bills, and other medical expenses, especially in an emergency
Term
Which type of insurance would you get if you were worried about a hurricane hitting your summer house?
Definition
Homeowners insurance
Term
Which type of insurance would you get if you were worried about getting cancer?
Definition
Health insurance
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