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Activity 7 - Insurance Flashcards | StudBud
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Activity 7 - Insurance
Activity 7 - Insurance
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Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Insurance that covers damage to your car from an accident is called ____________________.
liability insurance
uninsured motorist insurance
comprehensive insurance
collision insurance
2
A policy that protects the loss of personal property inside a dwelling you don't own.
Extended Warranty Insurance
Renter's Insurance
Liability Insurance
Homeowner's Insurance
3
Which type of insurance would replace your TV if it was stolen from your home?
Warranty Insurance
Homeowner's Insurance
Personal Insurance
Liability Insurance
4
A formal request made to an insurance company for payment of a loss is called __________________________.
co-pay
premium
deductible
claim
5
Purchased to protect from losing a lot of money in the event something happens personally or to property.
warranty
liability
insurance
risk management
6
A policy is a contract between the.....
Consumer and the insurance company
Driver and the government
Policyholder and the injured person
Consumer and the insurance agent
7
A payment made to an insurance company in exchange for coverage.
coverage limit
insurance
policy
premium
8
An Insurance Premium is _____________________________.
the number one insurance company based on customer reviews
the best insurance policy for the price
the amount of money paid every year to the insurance company
the extra insurance coverage you receive
9
Your Health Insurance co-pay is _______________________.
paid by the insurer
a fixed amount of money you pay each time you use your plan
amount paid out-of-pocket before your insurance coverage
applied on an annual basis
10
If you have a family and you want to insure their future is secure if you die, you need ______________________.
Personal Liability Insurance
Health Insurance
Life Insurance
Disability Insurance