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Ch 11: Insurance

Vocabulary terms from Chapter 11: Insurance

TermDefinition
Insurance Cash insurance that is expensive in order to fund a savings plan within it
Collision Portion of auto insurance that covers losses due to vehicle damage in an accident
Comprehensive Portion of auto insurance that pays for damage to your car that is not a result of an accident.
Disability Insurance Insurance designed to replace income due to short-term or permanent disability
Health Insurance Insurance that covers you in the event of an illness or injury
Homeowner’s Insurance Insurance that covers a loss due to damage, theft or injury within one’s home.
Renter’s Insuranc Insurance that covers your possessions in an apartment or place of residence other than your permanent home
Term Insurance Life insurance for a specified period of time: very affordable
Created by: mgarda
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