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Types of Insurance
Choosing which type of insurance is described
Question | Answer |
---|---|
homeowner's insurance | protects your home against disasters like fire, tornadoes, and robbery |
automobile insurance | limits the financial loss due to damage or accident involving a vehicle |
health insurance | also known as medical insurance that protects you from expensive or unexpected healthcare-related expenses |
liability insurance | designed to protect you when someone claims to be hurt because of something you did or did not do |
medicare | healthcare insurance provided by the federal government for people age 65 and over or with certain health conditions |
disability insurance | pays part of your income if you become sick or hurt and cannot work |
renter's insurance | protects your personal property from theft or damage while living on someone else's property |
medicaid | provided by the federal government for low-income citizens for coverage of healthcare-related expenses |
long term care insurance | designed to assist with the cost of nursing homes or other similar facilities |
life insurance | designed to protect against income loss because of death (provides for others) |