Financial Math: Auto Insurance Flashcard
Flashcard
•
Mathematics
•
12th Grade
•
Hard
Standards-aligned
Wayground Content
FREE Resource
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
What is collision coverage?
Back
Collision coverage provides protection for the insured driver's car in case of collision incidents.
2.
FLASHCARD QUESTION
Front
What does bodily injury liability coverage protect against?
Back
Bodily injury liability coverage protects against situations where the insured driver causes an accident that injures another person.
3.
FLASHCARD QUESTION
Front
What type of insurance covers damages to another person's property caused by the insured driver?
Back
Liability coverage covers damages to another person's property caused by the insured driver.
4.
FLASHCARD QUESTION
Front
What is the purpose of comprehensive coverage?
Back
Comprehensive coverage provides protection against damages to the insured vehicle not involving a collision, such as theft or natural disasters.
5.
FLASHCARD QUESTION
Front
What does PIP stand for and what does it cover?
Back
PIP stands for Personal Injury Protection, which covers medical expenses and, in some cases, lost wages for the insured driver and passengers.
6.
FLASHCARD QUESTION
Front
What is the difference between uninsured and underinsured motorist coverage?
Back
Uninsured motorist coverage protects against accidents with drivers who have no insurance, while underinsured motorist coverage protects against drivers whose insurance is insufficient to cover the damages.
7.
FLASHCARD QUESTION
Front
What type of coverage is necessary for a driver to cover their own medical bills after an accident?
Back
Personal Injury Protection (PIP) is necessary for covering the insured driver's own medical bills after an accident.
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