The amount a policyholder pays towards the repair or replacement of his/her vehicle in the event of damage is called:*1 pointA. The deductibleB. Comprehensive coverageC. The premiumD. Property damage liability

Before an insurance company pays for a policyholder's expenses, the policyholder must first contribute a certain amount of money toward those expenses. This is called a _____.A.compensationB.liabilityC.deductibleD.premium

_____ refers to a specified dollar amount of claims paid by the employee each year before insurance benefits begin.Question 10Answera.Coinsuranceb.Benefit cutbackc.Wage concessiond.Deductiblee.Vesting

You are involved in a two-car accident in which you are at fault. The other driver is injured and your insurance covers the medical expenses of the victim. This type of insurance coverage is called:ComprehensiveCollisionLiabilityUninsured motorist protection

In order to receive insurance benefits, customers make monthly payments called _____.A.liabilitiesB.deductiblesC.compensationD.premiums

The deductible on an insurance policy refers to:A.the number of different types of insurance a policy can provide.B.the total value of an insurance policy minus its cost to the consumer.C.the money a person pays before his or her insurance covers expenses.D.the monthly fee a person pays after using insurance for the first time.