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PF 6.05

QuestionAnswer
Automobile Insurance Insurance on a VEHICLE or Car.
Beneficiary Someone receiving money when a person dies.
Claim The form you fill out to an insurance company when you have an accident, illness or injury.
Co-insurance You pay some money and the company pay the other half
Deductible What you pay first
Disability Insurance Provides money when a person canĀ“t do work
Health Insurance Provides money to pay for you health care
Homeowners Insurance You have to own a home
Liability Insurance Provide payment to other people or person with insured household accidentally causes harm to other people and property
Life-Insurance Payment to beneficiaries who were named by the insured person
Long-term Care Insurance For when you are old. Extended nursing care due to accidents, illness, or OLD AGE.
Policy The contract you sign
Policyholder Owns the policy (which is you)
Premium Money to pay to buy each month
Coverage You buy a certain amount of policies
Created by: abigail.xiong59