| A | B |
|---|
| risk | The probability that injury, damage or loss will occur. |
| risk management | The process of dealing with the chance of a potential personal or financial loss. |
| insurance | A way to guarantee your financial protection against various risks. |
| claim | The chance of loss from some type of danger. |
| insurance policy | A written contract detailing how much you will pay for insurance coverage and what an insurance company will cover and pay in the event of a loss. |
| premium | The amount you pay for an insurance policy. |
| coverage limit | The maximum amount an insurance company will pay if you file a claim. |
| deductible | The amount of a loss you must pay out of your own pocket before the insurance company will step in and pay the rest. |
| types of insurance | health, property, life, disability and liability. |
