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Insurance Flashcards | StudBud

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How did the farmer lose his phone?

What is a deductible?

Insurance

14 terms·StudBud Administration·6 plays

Test your knowledge on insurance terms and concepts with this engaging quiz

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Questions 14

Answers

1
What is a deductible?
An amount you pay
Legal responsibility
A regular payment
A request for money
2
How did the farmer lose his phone?
Left in barn
Forgot at home
Lost in cow
Dropped in mud
3
What did the farmer use as a flashlight?
iPhone
Lantern
Candle
Torch
4
True or false: Insurance covers all risks.
False
True
5
True or false: A premium is a one-time payment.
False
True
6
Who is liable in an accident?
The witness
The insurer
The responsible party
The insured
7
What is a claim in insurance?
A risk assessment
A request for money
A legal document
A payment
8
What does 'no-fault' mean?
No payment required
No one is liable
No claim needed
No risk involved
9
Which term means 'future bad event possibility'?
Premium
Claim
Liability
Risk
10
What is the role of an insurer?
To assess risks
To sell policies
To deny coverage
To pay claims
11
What is a convertible car?
Electric car
Sports car
Car with foldable roof
Luxury car
12
Which term means 'protection by insurance'?
Risk
Premium
Cover
Claim
13
Why are rugby premiums high?
High risk
Low risk
Popular sport
Expensive equipment
14
What did Nicholas Di Puma use to stop the fire?
Fire blanket
Cloth
Water
Sand