Car Insurance

Flashcard
•
Mathematics
•
12th Grade
•
Hard
+4
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a deductible in car insurance?
Back
The out-of-pocket money paid by a policyholder before an insurance company will cover the remaining costs caused by a loss.
2.
FLASHCARD QUESTION
Front
What does risk mean in the context of car insurance?
Back
Chance or possibility of injury, damage, or loss that someone may want an insurance policy to cover.
Tags
CCSS.RI.11-12.5
CCSS.RI.9-10.5
CCSS.RI.8.5
CCSS.RI.7.5
CCSS.RI.6.5
3.
FLASHCARD QUESTION
Front
What is considered a loss in car insurance?
Back
Death, injury, or damage that could result in an insurance claim.
4.
FLASHCARD QUESTION
Front
What happens if you are at fault in a car accident?
Back
You will get a ticket from a police officer.
5.
FLASHCARD QUESTION
Front
How does the deductible affect the premium in car insurance?
Back
The higher the deductible, the lower the premium.
6.
FLASHCARD QUESTION
Front
What is a premium in car insurance?
Back
The amount of money a policyholder pays for their insurance coverage.
7.
FLASHCARD QUESTION
Front
What is co-insurance in car insurance?
Back
A cost-sharing agreement where the policyholder pays a certain percentage of the costs after the deductible is met.
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