Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
13 Cards in this Set
- Front
- Back
- 3rd side (hint)
CASUALTY |
Causes of Loss-Insured Against in an Ins-Policy |
Cas |
|
Deductible |
Amount Paid-out if a pocket by Policy Holder for the Initial Portion of a Loss before the Ins-CoPays.—_____Home Owners-__ Protection for a Dwelling Against Perils, like Fire & Lightening. |
|
|
Life—Accident, Theft, Damage, Destroyed Unexpected. |
LIFE |
|
|
PREMIUM |
Fee paid to the Insurer to be covered under the Specific Terms. |
|
|
HEALTH |
Many High School Students are Covered under their Parents for this type of Ins. |
|
|
LIABILITY |
People must have this Ins to Drive. |
|
|
POLICY |
Contract between the Individual and Insurer, specifying the terms os the Ins. |
|
|
BENIFICIARY |
Title of Person, People who receive money from a Life-Ins-Policy-after the Insured Person Dies. |
|
|
DISABILITY |
Ins- which helps to Provide income during an Illness or Injury |
|
|
ANNUAL -DEDUCTIBLE |
A Portion of a Covered Loss not paid by the Insurer, during the Insured’s annual 12 Month Policy Period. |
|
|
CANCER COVERAGE INSURANCE COVERAGE |
Cancer Insurance Pays Benefits. Only if UR Diagnosed with cancer. “Not any other Illnesses and it doesn’t cover all of your Treatment Costs.It is designed to supplement not replace Health Insurance. |
|
|
COMPREHENSIVE - COVERAGE |
Provides Protection from, Theft, Fire, Windstorm, Hail, Flood, Falling Objects, Collision with a Burd or Animal. |
|
|
PREMIUM - MODE |
Refers to the Policy Feature that permits the Policy Owner to Select the timing of Premium Payments, Annually, Semi Annually, Quarterly, “Note” There May be an additional fee if the Premium is not paid Annually, to account for Billing & Collection Fee. |
|