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Vocabulary terms from Chapter 11: Insurance

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