Unit 15 Insurance Basics Module 156 terms

Match it! Select the correct answer from the pull down...Good luck!

is a strategy for protecting against risk of loss.

helps survivors pay expenses after a person has died

are carefully worded and highly detailed legal contracts that outline the terms of the insurance coverage

helps protect against lawsuits , refers to your legal responsibility for others' safety. If someone gets hurt while on your property or while in your care, you might be liable.

a specified amount of money that the insured/ you must pay before an insurance company will pay a claim.. It's what you pay first

is the amount of money you pay before the insurer will pay a claim.

requests by policyholders for the insurer to pay for a loss

is the amount of protection the insurer will provide. Different kinds of insurance provide different kinds of coverage.