The amount paid out of pocket by the policy holder for the initial portion of a loss before the insurance coverage begins.

Sally is not feeling well so her mother takes her to the doctor. The doctor tells her she has strep throat, gives her medication, and sends her home to recover. What type of insurance would be used?

John is driving down the road and a deer runs into the road. He misses the deer but instead hits a small tree on the side of the road. What type of insurance would be used?

David is working on his home and he falls off of a ladder. He is not able to work while he recovers. What type of insurance would be used?

Joey’s father is in a car accident and unfortunately does not make it. His family depends on the father financially. What type of insurance would be used?

Mary was getting ready for work and was rushing. She was straightening her hair and realized what time it was. She ran out of the house, forgot to turn the straightener off and her house caught fire. What type of insurance would be used?

Insurance covers injuries ONLY if the accident was not the drivers fault.

A beneficiary is the individual who takes out the life insurance policy.

A dependent is a person who relies on someone else financially.

Liability insurance covers accidental harm that may be caused to other people or property.

The purpose of insurance is to make you financially better off than you were before the event occurred.