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Insurance works because lots of people think it is a good idea to insure their assets
claim
automobile insurance.
lower premiums
Life
against risk of loss
risk management.
liability
a highly detailed legal contract
The responsibility you have toward others who get injured while on your property or in your care is called
claim
automobile insurance.
lower premiums
Life
against risk of loss
risk management.
liability
a highly detailed legal contract
An insurance policy is
claim
automobile insurance.
lower premiums
Life
against risk of loss
risk management.
liability
a highly detailed legal contract
Most states legally require drivers to carry
claim
automobile insurance.
lower premiums
Life
against risk of loss
risk management.
liability
a highly detailed legal contract
A strategy for protecting against the chance of loss is also called
claim
automobile insurance.
lower premiums
Life
against risk of loss
risk management.
liability
a highly detailed legal contract
What type of insurance pays a set sum of money to survivors to help pay expenses and debts associated with the death of a person?
claim
automobile insurance.
lower premiums
Life
against risk of loss
risk management.
liability
a highly detailed legal contract
High Deductible =
claim
automobile insurance.
lower premiums
Life
against risk of loss
risk management.
liability
a highly detailed legal contract
After an accident or loss, a policyholder should submit a _____________ to receive funds from his/her insurance company.
claim
automobile insurance.
lower premiums
Life
against risk of loss
risk management.
liability
a highly detailed legal contract
Check it!