Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove Ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

6.05

Types of Insurance

TermDefinition
car insurance payments for liability and property insurance on a car
beneficiary one receives $ if an insured person dies
co-insurance insured individual must pay fixed % of the loss after the deductible has been paid
claim formal request for an insurance company asking for a payment when the policyholder has an accident, illness, or injury
coverage risks covered and amount of $ paid for losses under an insurance policy
deductible out-of-pocket $ paid by policyholder before an insurance company will cover the remaining costs attributed to the loss
dependent reliant on someone else for income and care
disability insurance payment to replace earnings during times when workers cannot work due to injury or illenss
emergency savings cash saved for unexpected events
employee benefits products or services offered extra-curricular to salary
health insurance $ for health care for illness, injury, etc.
homeowners insurance payment to cover liability losses and damage and loss of the home structure and its contents
household production doing something within the home w/out pay that takes raw materials along w/ family member's skill, experience, etc. to make a product/service
in-kind income payment in product/service rather than cash
insurance financial product purchased by many people w/ the same risk in order to protect against risk of larger losses
liability insurance payment to others if a member of the insured household accidentally causes harm to others or property
life insurance payment to beneficiaries who were named by the insured person
long-term care insurance payment for extended nursing care due to accidents, illness, etc.
moral hazard act of insuring an event increases likelihood that the event would happen
policy contract between insurer and insured stating the exact terms
policyholder person owning the insured policy
premium $ paid to an insurer to purchase a policy
property insurance payment to the insured for property damage or destroyed propety covered by the policy terms
renters insurance payment to renters to cover damage and property loss in a rental unit plus liability losses
risk chance of loss from an uncontrollable event
Created by: Tate.cord70