Auto Insurance Coverage Types: Liability, Collision, Comprehensive, and Legal Requirements

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Business - Insurance

jake12testoswi Created by 10 mon ago

Cards in this deck(43)

The law that requires drivers to have insurance to protect the public from financial loss is known as the _____ law.

Insurance that protects a driver from claims resulting from injuries or deaths for which the insured is at fault is called _____ liability.

Coverage that ensures policyholders and family members are protected if injured while riding in their car or another car is known as _____ coverage.

Coverage for injuries caused by hit-and-run drivers or drivers without insurance is called _____ motorist coverage.

Insurance that covers losses caused by another driver whose coverage is insufficient is known as _____ Motorist Coverage.

Insurance that protects a driver against claims if the insured's car damages someone else's property and the insured is at fault is called _____ liability.

Insurance that protects a car owner against financial loss resulting from a collision or rollover is known as _____ coverage.

Insurance that protects the insured against loss that includes theft, damage from fire, tornado, flood, etc., is called _____ coverage.

In a _____ insurance system, people injured in an automobile accident collect for their financial losses from their own insurance companies no matter who is at fault.

An _____ risk plan is designed for people with poor driving records to ensure they can obtain insurance.

Insurance that protects you from financial loss of your property due to fire, theft, or vandalism is known as _____ insurance.

Home and property insurance protects you against damage to home and property, expenses if you have to live elsewhere if your home is damaged, and _____ losses related to your property.

Insurance that covers claims for injuries to people or damage to property caused by you, your family, or pets is called _____ liability coverage.

Causes of loss such as fire, wind, or theft are referred to as _____.

Property permanently attached to land, such as a house or garage, is known as _____ property.

Property not attached to land, such as furniture or clothing, is referred to as _____ property.

An insurance policy designed to insure homes and property is called a _____ policy.

A policy that covers household goods and personal belongings for those who do not own their home is known as a _____ policy.

The term for a decrease in value over time is _____.

Insurance that actually replaces an item that has been destroyed is called _____ insurance.

The person buying the insurance is referred to as the _____.

The person named in the policy to receive the insurance benefits is called the _____.

Insurance that provides financial protection from losses resulting from a death during a definite period is known as _____ life insurance.

The amount of money that the insurance company will pay if the policyholder decides the insurance is no longer needed is called the _____ value.

The amount of insurance coverage that was originally purchased that will be paid upon the death of the insured is known as the _____ value.

Permanent insurance that extends over the lifetime of the insured is called _____ life insurance.

Insurance that resembles an investment portfolio is known as _____ life insurance.

Insurance that covers a group of people is referred to as _____ life insurance.

A person who must rely on another for financial support is called a _____.

Insurance that pays most or all hospital charges is known as _____ insurance.

Insurance that covers all or part of the surgeon's fees for an operation is called _____ insurance.

Insurance that covers the fee for nonsurgical care given in the doctor's office, the patient's home, or a hospital is known as _____ medical insurance.

Insurance that provides protection against the high costs of serious illness or injuries is called _____ health insurance.

The policyholder agrees to pay the first part of the expenses resulting from sickness or injury under a _____ clause.

The sharing of expenses by the policyholder and the insurance company is known as _____.

A policy that combines the features of hospital, surgical, regular, and major medical insurance is called a _____ medical policy.

A system that provides lower cost, comprehensive healthcare through networks of medical professionals is known as _____ health care.

Insurance that provides medical and survivor benefits for people injured, disabled, or killed on the job is called _____ compensation.

A program that provides medical aid to some low-income individuals and families is known as _____.

A program that helps people aged 65 and older and some people with disabilities pay for healthcare is called _____.

The practice of keeping costs down in healthcare and insurance is referred to as _____ containment.

Insurance that protects you against the loss of income caused by a long illness or an accident is known as _____ income insurance.

Insurance that provides daily assistance needed because of a long-term illness or disability is called _____ care insurance.

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Auto Insurance Coverage Types: Liability, Collision, Comprehensive, and Legal Requirements

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