Shared Flashcard Set

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Unit 6
Unit 6 note cards
7
Other
12th Grade
05/10/2007

Additional Other Flashcards

 


 

Cards

Term
Risk Management
Definition
means that you use various ways to deal with potential personal or financial loss.
Term
Insurance
Definition
is protection against large scale financial loss
Term
Insurance Premium
Definition
is the payment you make to an insurance company in exchange for its promise of protection and help
Term
Deductible
Definition
is the amount of the loss you must pay out of your own pocket before the insurance company begins to reimburse you.
Term
Liability
Definition
pays for bodily injury to other peole and damage property. If you injure someone in an accident and they sue you liability coverage pays the legal bills
Term
Liability
Definition
pays for bodily injury to other peole and damage property. If you injure someone in an accident and they sue you liability coverage pays the legal bills
Term
Medical Payments
Definition
While liability pays other people, medical payments coverage protects you, your family members, and anyone riding with you in your car
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