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QUESTION IMAGE

match the car insurance component with its description amount of money …

Question

match the car insurance component with its description
amount of money paid for an insurance policy
amount of money the insured pays before the insurance company offers compensation
specific terms regarding compensation guidelines for an insurance policy
deductible
premium
coverage type

Explanation:

Brief Explanations
  • Deductible: The description "amount of money the insured pays before the insurance company offers compensation" matches deductible, as deductible is the out - of - pocket expense the insured pays before the insurer starts paying.
  • Premium: "amount of money paid for an insurance policy" is the definition of premium, as the premium is the regular payment made to keep the insurance policy active.
  • Coverage Type: "specific terms regarding compensation guidelines for an insurance policy" corresponds to coverage type, as the coverage type defines what the insurance policy will compensate for and under what conditions.

Answer:

  • deductible - amount of money the insured pays before the insurance company offers compensation
  • premium - amount of money paid for an insurance policy
  • coverage type - specific terms regarding compensation guidelines for an insurance policy