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History > Final Questions > Flashcards

Final Questions Flashcards

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1
Q

What is a premium in insurance?

A

Sum you pay towards insurance

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2
Q

What is an insurance policy?

A

A list of what the premium will cover

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3
Q

What do you do if something happens and you need insurance?

A

File a claim and the insurance company can help you cover the damage

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4
Q

What is property insurance?

A

Helps replace or fixed damaged or stolen property

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5
Q

What is home owners insurance?

A

Insurance on your home. Helps you pay if something happens to your home.

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6
Q

How do you know if you have enough home owners insurance?

A

You get a written appraisal- an experts guess on how much it will cost you to replace a home. 80% is enough for insurance

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7
Q

What is insurance?

A

Helps you lay for a loss

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History (12 decks)

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