Insurance & Identity Theft

Insurance & Identity Theft

Assessment

Flashcard

Business

12th Grade

Hard

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26 questions

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1.

FLASHCARD QUESTION

Front

What is the basic definition of insurance?

Back

A contract that pays someone for lost or damaged property, injury or death

2.

FLASHCARD QUESTION

Front

What is the possibility of loss or injury to an individual called?

Back

Risk

3.

FLASHCARD QUESTION

Front

After a claim, what is the cost a client must incur before insurance will pay?

Back

Deductible

4.

FLASHCARD QUESTION

Front

What type of insurance covers a person for a specified amount of time?

Back

Term

5.

FLASHCARD QUESTION

Front

Which type of auto insurance covers damage to a car when collision is not involved?

Back

Comprehensive

6.

FLASHCARD QUESTION

Front

Liability Insurance for your car is optional

Back

False

7.

FLASHCARD QUESTION

Front

The purpose of Disability Insurance is: Health Cost Reimbursement, Income Replacement, Investment for Retirement, All Answers are correct

Back

Income Replacement

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