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FM M6L1 Vocab

Finance

QuestionAnswer
Insurance a financial agreement between a person and an insurance company to financially protect the person from unexpected events.
Insurance policy a person pays a certain amount to a company on a regular basis, usually monthly
Auto insurance financially protects the person against automobile accidents.
Liability (Auto) pays for the cost of anything that you are liable (responsible) for as a result of causing the accident.
Collision(Auto) covers any expenses if you collide with (hit) something
Comprehensive(Auto) covers any car expenses that are not collision-related
Home insurance financially protects a homeowner from damage costs due to an unexpected event.
Renter's insurance protects the person from loss of their possessions inside where they live.
Created by: mrichards102
 

 



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