Debt Snowball Avalanche

An event arising out of natural causes with no human intervention which could not have been prevented by reasonable care or foresight.

A person who investigates claims and recommends settlement options based on estimates of damage and insurance policies.

The person or entity designated to receive the death benefit from a life insurance policy.

An insurance salesperson who searches the marketplace in the interest of clients, not insurance companies.

A formal request to an insurance company asking for a payment based on the terms of the insurance policy.

Pays for damage to your car without regard to who caused an accident.

Pays for damage to or loss of your automobile from causes other than accidents (e.g., hail, theft).

The amount you must pay out of pocket before your insurance company pays a claim.

A decrease in the value of property over a period of time due to wear and tear or obsolescence.

A written agreement attached to a policy expanding or limiting the benefits otherwise payable under the policy.

A provision in an insurance policy that eliminates coverage for certain risks, people, property, or classes of damage.

An insurance policy that pays the difference between the actual cash value of a car and the balance still owed on the financing.

A prepaid health insurance plan that entitles members to services from participating doctors and hospitals.

Restoration to the victim of a loss up to the amount of the loss.

Termination of a policy because of failure to pay the premium.

Insurance that pays for bodily injury and property damage to another party for which you are legally responsible.

The amount of money that an individual or business must pay for an insurance policy.

A provision of an insurance policy that is purchased separately from the basic policy and that provides additional benefits at additional cost.

The legal right held by most insurance carriers to legally pursue a third party that caused an insurance loss to the insured.

The process of evaluating a risk for the purpose of issuing insurance coverage.