Insurance
Flashcard
•
Business
•
9th - 12th Grade
•
Practice Problem
•
Hard
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11 questions
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1.
FLASHCARD QUESTION
Front
Which term is given to the amount of money that a policyholder pays before the insurance company will pay the rest? Options: Premium, Deductible, Primary payment, Whole payment
Back
Deductible
2.
FLASHCARD QUESTION
Front
Which term is given to the amount someone pays to have insurance coverage?
Back
Premium
3.
FLASHCARD QUESTION
Front
Which term is given to the formal request made to an insurance company for compensation for a covered loss?
Back
Filing a claim
4.
FLASHCARD QUESTION
Front
How does premium impact deductible?
Back
The lower the premium the higher the deductible
5.
FLASHCARD QUESTION
Front
Which term is given to the contract that explains terms and conditions of what insurance is provided to a customer?
Back
Insurance Policy
6.
FLASHCARD QUESTION
Front
Which type of insurance is typically the most expensive to have? Options: Renters, Life, Health
Back
Health
7.
FLASHCARD QUESTION
Front
Which type of insurance would increase because you are male? Options: Renters, Life, Disability
Back
Life
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