Unit 6 Insurance Review | Baamboozle - Baamboozle

English 21 Public

Health, Auto, Life Insurance

Study Slideshow

chance of loss from an event that cannot be entirely controlled

rist

10

transfers risk from an individual to an insurance organization

Insurance

10

A contract that specifies what risks are covered and how much will be paid for losses

Policy

10

The risks covered and amount of money paid for losses under an insurance policy

Coverage

10

Money paid to purchase the policy

Premium

10

paperwork submitted to insurance organization describing the accident, illness or injury

Claim

10

amount of money paid out of pocket by policyholder before the insurance coverage begins

Deductible

10

amount of money, after deductible, that is paid jointly by the insured and the insurance company

Co-Insurance

10

products or services that add extra value for employees beyond wages

Employee benefits

10

the provision of a product or service rather than cash

In-Kind Income

15

Payment to replace earnings during times when workers cannot work due to illness or injury

Disability Insurance

5

Payment for extended care when a person cannot live independently (but doesn’t need to be hospitalized)

Long-term care insurance

5

payment to insured person if his/her property is damaged or destroyed by an accident

Property Insurance

5

payment to others if a member of the insured household accidentally causes harm to other people or property

Liability insurance

5

payment for liability and property insurance on a vehicle

Automobile Insurance

5

payment to cover liability losses and damage/loss of home and its contents

Homeowner's insurance

5