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FL 7-4, 7-5

Terms in this set (15)

disposable income
leftover after you have paid all of your required bills for the month
coverage limit
the most your policy will pay for a given cost, like $300,000 on bodily injury in a given accident, but $50,000 for property damage
car insurance
an agreement between you and an insurance provider. in exchange, for regular payments from you, the insurer helps pay your bills if someone gets injured or a car is damaged because of an accident or theft.
comprehensive
covers damage not caused by an accident, like theft, vandalism or hail
1. flight insurance
2. life insurance
3. accidental death insurance
4. disease insurance
5. mortgage life insurance
5 unnecessary insurance policies
disposable income
leftover after you have paid all of your required bills for the month
insurance
A contract that offers full or partial financial compensation for loss or damage caused by an uncontrollable event
premium
an amount of money paid on a regular basis for an insurance policy
collison
covers repairs or replacement of your vehicle after an accident
liability
covers another driver's medical bills or car repairs if you cause an accident
medical payments
covers you or your passengers's medical expenses after an accident
personal injury protection
covers medical expenses, lost wages, and certain other costs like child care while you visit the doctor.
uninsured and underinsured or motorist
covers your medical expenses car repair if your hit by someone who doesn't have insurance or doesn't have enough
1. Health
2. Car
3. Homeowners or renters
4. life
5. disability
5 insurances everyone should have
6 out of 10
___ out of ___ teen crashes involve distractions
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