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Insurance Flashcards | StudBud

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Insurance

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Questions 10

Answers

1
An insurance deductible is....
commission paid to the agent for the purchase of the policy
contract fee applied to the monthly premium
monthly premium on an insurance policy
amount you owe before insurance will cover the rest of the bill
2
When is it okay NOT to have health insurance?
If you are a student under the age of 26
You should always have health insurance
if you are young and healthy
if you do not have a full-time job
3
Buy this to protect yourself from losing a lot of money in the event something happens to them or property?
risk management
insurance
liability
warranty
4
Insurance that covers damage to your car from an accident is called....
collision insurance
liability insurance
uninsured motorist insurance
comprehensive insurance
5
Buying a home security system is an example of protecting your home against______.
warranties
insurance
risk
deductables
6
An insurance premium is....
None of these
amount of money you pay for an insurance policy
extra fee you need to pay your insurance for an out of network claim
commission paid to the agency for the purchase of a policy
7
An example of a risk management strategy is....
carpooling
wearing a helmet when biking
wearing a seatbelt while driving
Both wearing a seatbelt & helmet
8
A deductible is paid by ....
government
claims adjuster
insurance company
policy holder
9
What can insurance protect you from?
Financial loss
Contract fees
Theft
Theft and Financial losses
10
Insurance that will pay for injury to another drive an/or damage to their car if you are in an accident is called..
comprehensive insurance
liability insurance
collision insurance
uninsured motorist insurance