Types of Insurance

Provides payments for both liability and property insurance on a vehicle

Someone who receives money if an insured person dies

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury

Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid

The risks covered and amount of money paid for losses under an insurance policy

The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss

Someone who relies on someone else for income and care

Provides payment to replace earnings during times when workers cannot work due to illness or injury

Cash set aside that can be used to cover the costs of unexpected expenses

Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages

Provides money to pay for health care for illness, injury, or, in some cases, preventive care

Provides payment to cover liability losses as well as damage and loss of the home structure and its contents

Doing something in the home without pay that takes raw materials along with a family member's skill, experience, knowledge, and household equipment, to produce a useful product or service

The donation of a product or service in place of cash

A financial product (called an insurance contract or policy) purchased by many people facing a similar risk to protect against the risk of larger losses.