Applies to the amount of protection you have through an insurance company in the event of a loss

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Financial Risk Covered: replaces your lost income in the event of your death (you also need a name of your beneficiary) Stage of Life Needed: When you have dependents who rely on your income until you become self-insured. Insurance that provides financial protection from losses resulting from a death during a definite period, or term. Applies to the amount of protection you have through an insurance company in the event of a loss Out-of-pocket expense Specific amount of money that you pay when insurance only covers a portion of costs Specific amount of money that you pay when insurance only covers a portion of costs. recipient of assets passed on from the death of friend or relative. 1 / 3. describes the type of coverage in an insurance agreement. uninsured/under-insured motorist- covers the cost if you are injured by an uninsured person or if you are injured by a hit and run. 65%. the amount you have to pay the insurance company before they will cover your costs. Photo: Sollina Images /Getty Images. whole life insurance life insurance that pays a benefit on the death of the insured and also accumulates a cash value. coverage. the likelihood of loss or reduced profit. Life insurance policy for a specific period of time: Will cover you until you are self insured. covers the contents of a rented apartment. pays the costs of minor accidental injuries to visitors on your property. A formal request to an insurance company asking for a payment Applies to the amount of protection you have through an insurance company in the event of a loss An amount of money you pay to help cover a portion of your medical costs Which of the following statements about long-term care insurance is false Deductible. The other driver is injured and. of wide range or scope; moving or passing over a large area. Paperwork filled with an insurance company in order to get them to cover a loss for someone they insure. how a person wishes his or her property. Multiple Choice. 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Study with Quizlet and memorize flashcards containing terms like Applies to the amount of protection you have through an insurance company in the event of a loss Amount you must pay before you begin receiving any benefits from your insurance company Out-of-pocket Expense Specific amount of money that you pay when insurance only covers a portion of costs Applies to the amount of protection you have through an insurance company in the event of a loss Coinsurance An agreement between an insurer and insured in which both parties are expected to pay a certain portion of the potential loss and other expenses. Applies to the amount of protection you have through an insurance company in the event of a loss Applies to the amount of protection you have through an insurance company in the event of a loss. Premium. Which of the following would not be a huge financial risk (and, therefore would not require insurance) if you had a full emergency fund of $500 or more? 3. a document that proves a person is believable. increase your deductible. Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure. the amount of protection you have through an insurance company in the event of a loss. is a coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision. A person or organization that pays people to work for them. to put something out for others to see. Applies to the amount of protection you have through an insurance company in the event of a loss A proposed or adopted course or principle of action. applies to the amount of protection you have through an insurance company in the event of a loss Applies to the amount of protection you have through an insurance company in the event of a loss Out-of-Pocket Expense Specific amount of money that you pay when insurance only covers a portion of costs 2. credit life/disability, credit card protection, cancer, accidental death, any insurance with cash value, investments or refunds, prepaid burial policies, mortgage life insurance. Deductible. long term disability is best, cost is based on your job, usually cheapest through your employer. to be distributed after death. Study with Quizlet and memorize flashcards containing terms like Specific amount of money that you pay when insurance only covers a portion of costs, Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure, Describes the type of coverage in an insurance agreement and more. Out of pocket expense. Terms in this set (9) the recipient of assets passed on from the death of a friend or relative. DEDUCTABLE. before you begin receiving any benefits from your insurance company. expose. A situation in which two objects in close contact exchange energy and momentum. Applies to the amount of protection you have through an insurance company in the event of a loss. Click the card to flip 👆. Coverage Applies to the amount of protection you have through an insurance company in the event of a loss. Applies to the amount of protection you have through an insurance company in the event of a loss Oct 21, 2023 · applies to the amount of protection you have through an insurance company in the event of a loss Chapter 24. what are the bad ideas in the insurance world. pay the same amount for the entire term of the policy. collision. life insurance. coverage Applies to the amount of protection you have through an insurance company in the event of a loss Applies to the amount of protection you have through an insurance company in the event of a loss you have through an insurance company in the event of a loss. Consequences if You Don’t Mitigate Risk. In This Article. Amount you must pay before you begin receiving any benefits from your insurance company. Study with Quizlet and memorize flashcards containing terms like Beneficiary, Claim, Coverage and more. Applies to the amount of protection you have through an insurance company in the event of a loss Out-of-Pocket Expense Specific amount of money that you pay when insurance only covers a portion of costs Applies to the amount of protection you have through an insurance company in the event of a loss Comprehensive Auto Insurance Protects the insured vehicle against almost all damage except the collision or the car turning over. Coverage pays for lost income and other expenses related to recovery. an amount to be paid for an insurance policy. 1 / 8. liablity- covers the other person MAX OUT collision- covers repairs to your car if its your fault personal injury- pays for all accident related medical costs comprehensive coverage- covers you against damage from something other than an accident uninsured/under-insured motorist- covers the cost if you are injured by an uninsured person or if you are injured by a hit and run Amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance insurance claim The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss. Elimination period. chapter 9 Insurance Learn with flashcards, games, and more — for free. Homeowner's insurance. Employee. Definition. This type of insurance coverage is. Describes the type of coverage in an insurance agreement. Term. Chapter 9 money in review. Applies to the amount of protection you have through an insurance company in the event of a loss Credit life/disability, credit card protection, cancer and hospital indemnity, accidental death, any insurance with cash value, pre-paid, burial, mortgage life insurance, pet insurance, wedding insurance;these policies either provide duplicate coverage or protect against small financial circumstances that would be covered by your emergency fund Applies to the amount of protection you have through an insurance company in the event of a loss 1) Credit card protection-- insures your credit card debt (this is bad because you should already avoid owning a credit card in the first place) 2) Cancer and hospital indemnity insurance-- insures you against cancer or other medical issues (this is bad because your health insurance already covers this) 3) any insurance with Cash Value, investments, or refunds (this is bad because anything a specified amount of money that the insured must pay before an insurance company will pay a claim Out-of-pocket expense Specific amount of money that you pay when insurance only covers a portion of costs Feb 23, 2021 · Describes the type of coverage in an insurance agreement. Ins and Outs of Insurance. May 16, 2021 · Amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance. 1 / 29. . The time between the disabling event and the beginning of payments in your disability coverage is called: A life insurance policy that covers a specific period of time is called: Study with Quizlet and memorize flashcards containing terms like Deductible, Policy, Claim and more. The amount an insurance policyholder receives from the insurance company to reimburse the policyholder for a covered loss amount of protection you have through an personal injury- pays for all accident related medical costs. Applies to the amount of protection you have through an insurance company in the event of a loss you have through an insurance company in the event of a loss. ) Coverage b. Will. time between the disabling event and the beginning of payments in your disability coverage. applies to the amount of protection you have through an insurance company in the event of loss. LIMIT. You are involved in a two-car accident in which you are at fault. Claim. 72 Multiple choice questions. deductible. Which of the following types of insurance is not recommended for a young single adult? Personal Finance Chapter 9 quiz for 9th grade students. of or relating to elections or electors. Actual cash value (ACV) Cost to replace property with new property of like kind and quality less depreciation. comprehensive coverage- covers you against damage from something other than an accident. 1 / 12. Deductible Amount you have to pay out-of-pocket for expenses before the insurance company will begin to cover all or a portion of the remaining costs. ___________ applies to the amount of protection you have through an insurance company in the event of a loss. Insurance that protects companies during the period necessary to restore property damaged by an insured peril. a payment for damage or loss. COVERAGE. We have an expert-written solution to this problem! Nov 5, 2021 · Updated on November 5, 2021. Applies to the amount of protection you have through an insurance company in the event of a loss Applies to the amount of protection you have through an insurance company in the event of a loss Deductible: Amount you must pay before you begin receiving any benefits from your insurance company applies to the amount of protection you have through an insurance company in the event of a loss Terms in this set (10) benefit. Deductible Amount you must pay before you begin receiving and benefits from your insurance company. Applies to the amount of protection you have through an insurance company in the event of a loss comprehensive coverage protection against damages to your car from causes other than collision or rolling over. It allows you to nominate who will handle your estate, be guardian to children, minimize death taxes and other costs. applies to the amount of protection you have through an insurance company in the event of a loss Deductible amount you have to pay out of pocket for expenses before the insurance company will begin to cover all or a proportion of the remaining costs. out of pocket expense Applies to the amount of protection you have through an insurance company in the event of a loss paperwork filed with an insurance company in order to get them to cover a loss for someone they insure premium amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance Applies to the amount of protection you have through an insurance company in the event of a loss comprehensive automobile insurance coverage that protects against loss to an insured automobile caused by any peril (with a few exceptions) other than collision Applies to the amount of protection you have through an insurance company in the event of a loss. Coverage. What Is Mitigation in Insurance? How Mitigation Works in Home Insurance. Amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance. Study with Quizlet and memorize flashcards containing terms like Applies to the amount of protection you have through an insurance company in the event of a loss a. Out-of-pocket Expense. losing your cell phone. It should cover 65% of your income and still necessary if you have health insurance. applies to the amount of protection you have through an insurance company in the event of a loss. 60%. the amount you pay at the doctors office, usually $5-25 or $30. Dave Ramsey Learn with flashcards, games, and more — for free. Auto Insurance Quiz. applies to the amount of protection you have through an insurance company in the event of a loss the an insurance company in order to get them to cover a loss for Amount you pay monthly, quarterly, semiannually or annually to. Deductible Amount you must pay before you begin receiving any benefits from your insurance company. g. , The amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance and more. Applies to the amount of protection you have through an insurance company in the event of a loss Out-of-Pocket Express [sic] Specific amount of money that you pay when insurance only covers a portion of costs Jan 19, 2023 · Applies to the amount of protection you have through an insurance company in the event of a loss. Employer. Disability insurance offered through your employer is usually the most expensive coverage option. Study with Quizlet and memorize flashcards containing terms like liability, Premium, deductible and more. 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Study with Quizlet and memorize flashcards containing terms like The recipeint of assests passed on from the death of a friend of realitive, Paperwork filed w/ an insurance company in order to get them to cover a loss for someone they insure, Applied to the amount of protection you have through an insurance company in the event of a loss a type of insurance in which the insured pays a share of the payment made against a claim. Study with Quizlet and memorize flashcards containing terms like Deductible, Policy, Claim and more. Mitigation refers to taking reasonable actions to reduce or prevent secondary losses after a primary loss. to gain or receive good results from something. Start studying Foundations in Personal Finance: Chapter 9 - Insurance. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Business Interruption Insurance. Reviewed by Samantha Silberstein. Disability Insurance. 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