Insurance Flashcard

Insurance Flashcard

Assessment

Flashcard

Business

9th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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30 questions

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1.

FLASHCARD QUESTION

Front

What type of insurance covers you if your dog ate your toy doll and got sick?

Back

Pet insurance

2.

FLASHCARD QUESTION

Front

What is a co-pay?

Back

Your share of the medical episode cost

3.

FLASHCARD QUESTION

Front

What might increase if you have a pre-existing condition? Options: Deductible, Premium, Co-pay, Coverage

Back

Premium

4.

FLASHCARD QUESTION

Front

Which of the following is NOT true about deductibles?
They are paid by the policyholder,
They are paid before the insurance company pays a claim,
They increase the total cost of a claim,
They decrease the premium cost

Back

They increase the total cost of a claim

5.

FLASHCARD QUESTION

Front

What is the trade-off when selecting a deductible amount?

Back

Higher deductible, lower premium

6.

FLASHCARD QUESTION

Front

How is "Cash Value" determined?

Back

By what you value the asset

7.

FLASHCARD QUESTION

Front

Which term refers to the amount the insurance company covers for your expenses?

Back

Reimbursement

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