week 7 - What does it mean to have insurance? Choose two...

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What does it mean to have insurance? Choose two types of insurance (auto, home, health, disability, or life insurance) and identify one characteristic of each. The term health insurance is commonly used in the United States to describe any program that helps pay for medical expenses, whether through privately purchased insurance, social insurance or a non-insurance social welfare program funded by the government. Home insurance, also commonly called hazard insurance or homeowners insurance, is the type of property insurance that covers private homes. It is an insurance policy that combines various personal insurance protections, which can include losses occurring to one's home, its contents, loss of its use, or loss of other personal possessions of the homeowner, as well as liability insurance for accidents that may happen at the home or at the hands of the homeowner within the policy territory. It requires that at least one of the named insured occupies the home. Life insurance or life
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This note was uploaded on 04/05/2012 for the course EDUCATION ETH 125 taught by Professor Hoge during the Spring '12 term at University of Phoenix.

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week 7 - What does it mean to have insurance? Choose two...

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