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Auto Insurance App
Terms in context
Question | Answer |
---|---|
Actual Cash Value | Steve crashes his truck and does $5,000 worth of damage to it. The insurance company says it is only worth $3,000 and only pays that much using his collision coverage. This is an example of the insurance company using _____ |
Benefit | Ember buys an insurance policy with 100/300/50 liability coverage. If she has an accident and hurts someone, the money that person receives from Ember's insurance policy is called a _____________ |
Bodily Injury Liability | This is the coverage for people you hurt in an accident |
Claim | Teera needs her insurance company to pay for a cracked windshield using her comprehensive coverage. This is what she does to get a payout from the company. |
Collision | Amber clips a guard rail. This is the insurance that pays to repair her car. |
Comprehensive | Derek's car gets hit by a missile. This insurance will cover the cost of repairing/replacing his car. |
Deductible | Mary has to pay the first $500 worth of damage to her car before the insurance company pays anything. This is an example of_____ |
Exclusions | Leaving your keys in the car and having someone steal your car means the insurance company won't pay anything. |
Full Coverage | Aaron is making payments on his new car to the bank. He needs to have this type of insurance. |
Medical Payments or Personal Injury Protection (PIP) | Ashley has an accident. Both her sister and her get hurt and need some medical care. This kind of medical insurance covers these costs. |
No-Fault Insurance | Overheard at the scene of an accident: “It is hard to say who caused this accident. It is a good thing this state has this kind of insurance law” |
Premium | Mr Lemay only has to pay $149 every six months for his insurance policy. |
Property Damage Liability | In a policy with the following liability insurance 100/250/75, the 75 is this kind of coverage. |
SR-22 | After driving without any insurance and having an accident, Logan needs this kind of insurance. |
Uninsured Motorist Coverage | Sara doesn't have any insurance. This kind of insurance coverage pays for damage to Dayln's car after Sara smashes into it. |
Underinsured Motorist Coverage | Jamie doesn't have enough insurance coverage to pay for all of the damage she caused hitting Cary's truck. This kind of insurance coverage is what pays for the excess cost to fix Cary's truck. |