Premium, deductible, copay, health, auto, renters, life, and umbrella coverage.
39 cards · basic cards · AI-written, checked twice. Edit anything.
- What is a premium?
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The regular payment you make to maintain insurance coverage- What is a deductible?
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The amount you must pay out of pocket before insurance begins to pay- What is a copay?
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A fixed dollar amount you pay for a specific medical service or visit- What is coinsurance?
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The percentage of medical costs you share with your insurance company after meeting the deductible- What is an insurance claim?
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A formal request to your insurance company to pay for a covered loss or expense- What does health insurance cover?
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Medical expenses including doctor visits, hospital stays, prescriptions, and preventive care- What is auto insurance?
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Coverage that protects you financially if your vehicle is damaged or you cause injury to others- What is renters insurance?
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Coverage that protects a renter's personal belongings and provides liability protection- What is life insurance?
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A policy that pays a death benefit to beneficiaries when the insured person dies- What is umbrella insurance?
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Extra liability coverage that protects you beyond the limits of your other policies- What does in-network mean in health insurance?
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Healthcare providers who have contracted with your insurance company to offer discounted rates- What does out-of-network mean in health insurance?
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Healthcare providers who have not contracted with your insurance company and usually charge more- What is liability coverage in auto insurance?
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Coverage that pays for bodily injury and property damage you cause to others in an accident- What is collision coverage?
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Auto insurance that pays for damage to your vehicle from a collision with another car or object- What is comprehensive coverage in auto insurance?
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Auto insurance that covers damage from events other than collisions, like theft or weather
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