| A | B |
|---|
| risk | the chance of loss from some type of danger |
| risk management | avoid, reduce, accept or share |
| insurance | the means of guaranteeing financial protection against risks |
| premium | the amount you pay for an insurance policy |
| insurance policy | written contract detailing your payment and what is covered |
| coverage limit | the maximum your insurance will pay when you file a claim |
| deductible | the amount of loss you pay before insurance pays the rest |
| liability(car) | covers damage to others' property & injuries to people outside your car |
| collision(car) | covers repairs to your car after an accident |
| comprehensive(car) | covers any damage other than a collision, to your car |
| disability insurance | this insurance protects your earning power when you cannot work |
| health insurance | pays medical bills when you are sick or injured |
| property insurance | protects possessions from fire, flood and theft |
| life insurance | provides financial support after an untimely death |
| liability insurance | protects when you are legally responsible for unintentionally hurting another |
