Insurance Flashcards
what is car insurance?
saving you the out of pocket expense of paying for your accident or damage
car insurance advantage
don’t have to pay in a accident
saves money
car insurance disadvantage
expensive at early age
sometimes in accidents you might be covered depending on policy
what is home and content insurance?
home covers the physical building and contents is anything inside
home and content insurance advantages
protects against damage
everything is protected
home and content insurance disadvantages
some items cant be replaced due to value
what is pet insurance?
pays for your pet when it goes into the vet but it depends on the policy
pet insurance advantage
covers vet fees
wont have to worry about paying for critical operations
what is life insurance?
helps you pay off large debts in life and helps your family for when you die they get a lump sum
life insurance advantages
longer life expectancy
less likely to be diagnosed with a disease
life insurance disadvantages
loads of different policies
what is health insurance?
covers private medical and dental care
health insurance advantages
quicker than NHS
more convenient
health insurance disadvantages
will not cover a pre known condition
premiums are high
over cover new things that happen
what is travel insurance?
insuring you when you travel if you have to go to hospital or lose a expensive item
