CORE TOPICS
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6 Terms
1
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What is the purpose of insurance?
To help manage financial loss by sharing risk among many people.
2
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What affects how much you and the insurance company pay?
Deductibles, coverage rates, and premiums.
3
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What affects your auto insurance premium?
Type of coverage, age, mileage, driving history, state laws.
4
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What’s the purpose of renters or homeowners insurance?
To protect personal property and provide liability coverage.
5
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Why is health insurance important?
It helps cover medical costs and offers different plan types.
6
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What are examples of other insurance types?
Pet insurance, disability insurance, life insurance.
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Flashcards (85)