Auto Insurance Flashcardizz NonSuper

Front

A deductible is your share of the repair costs after a claim has been made. You must pay this FIRST before the insurance kicks in.

Back

True

Front

Which is NOT true about Comprehensive Insurance Coverage: Covers damage by hitting an animal, Covers damage from your car battery freezing, Covers damage from vandalism or a fire, Covers damage from a hail storm

Back

Covers damage from your car battery freezing

Front

The amount you pay to the insurance company for insurance coverage.

Back

Premium

Front

How can you lower your auto insurance deductible?

Back

Choose an auto insurance policy with a higher premium.

Front

The minimum Auto Insurance coverage required for the State of Illinois is .....

Back

25/50/20

Front

Tania has an auto policy of 75/200/100. What does the 75 stand for?

Back

$75,000 in bodily injury liability per person

Front

Nathan has an auto insurance policy of 120/250/100. What does the 100 stand for?

Back

$100,000 in property damages per accident

Front

People buy insurance because they want to transfer the risk of financial loss to someone else.
Options: True, False

Back

True

Front

This type of auto insurance coverage covers damage to your vehicle, if you are in a crash, EVEN if you are at FAULT.

Back

Collision

Front

This type of auto insurance coverage covers any property damage by an accident, as well as medical bills of the others (NOT YOU) in the event of an accident.

Back

Liability