Insurance - Salak

Front

The out of pocket cost to the insured when a loss occurs is called...

Back

Deductible

Front

A stone hits your windshield. Which type of coverage would likely cover this expense?

Back

Comprehensive

Front

Which of the following wouldn't save you money on your auto insurance premium?
- Decrease your deductible
- Reduce or eliminate optional insurance on an older vehicle
- Maintain a good credit history
- Bundle your insurance with other policies

Back

Decrease your deductible

Front

Your health insurance copay is

Back

A fixed amount of money you pay each time you use your plan

Front

Which of the following would be covered under a renter's insurance policy?
- Damage to the exterior of the property
- Medical bills of another person who is injured on the property
- Your roommate's personal belongings in the rental unit
- Damage to a detached shed on the property

Back

Medical bills of another person who is injured on the property

Front

True or False: Insurance is based on the concept of shared risk, or risk pooling.

Back

True

Front

What is the average monthly renter's insurance premium cost in the U.S.?

Back

$15/month

Front

Insurance companies make money by...

Back

Collecting more in premiums than they need to pay out each year

Front

Your renter's insurance policy costs $20/month and has a $1,000 deductible. A thief breaks into your apartment and steals your $800 TV set. How much would your insurance company pay?

Back

$0

Front

Someone broke into Sam’s car by smashing the passenger window. Which type of auto insurance coverage will help cover the cost to get the window replaced?

Back

Comprehensive