Insurance Review

Front

Which of the following are examples of risk management? wearing a seat belt, not texting while driving, shoveling your front sidewalk

Back

all of these

Front

Why is insurance important?

Back

so you can protect yourself from losing alot of money in the event something happens to you or your property

Front

Which is TRUE of health insurance? Options: you can only use only the doctors in your state, you might get a lower standard of care if you don't have insurance, you won't be able to go to a hospital without insurance, selecting in-network doctors instead of out-of-network doctors can save you money

Back

selecting in-network doctors instead of out-of-network doctors can save you money

Front

The policyholder will have to pay a ____________ per incident or loss in an insurance claim.

Back

deductible

Front

Which of the following will liability insurance cover?
your own medical expenses,
property damage to your car,
either bodily injury or property damage to someone else or their vehicle,
none of these will be covered

Back

either bodily injury or property damage to someone else or their vehicle

Front

The amount you pay for insurance is called a _____________.

Back

premium

Front

Risk involves: a chance of loss or injury, unpredictability, uncertainty, all of these are involved with risk

Back

all of these are involved with risk

Front

Which of the following is TRUE of homeowner's insurance? it is a good idea to document your personal belongings by a list, videotape or photos so that you can speed up an insurance claim, homeowner's insurance will cover only the inside of your home if you put in a claim, home insurance will not cover any person who becomes hurt on your property, damage to a shed or other attached structures would not be covered under homeowner's insurance

Back

it is a good idea to document your personal belongings by a list, videotape or photos so that you can speed up an insurance claim

Front

Carly has an expensive original painting that has been handed down from her great-grandmother. Which of the following would be the best way for Carly to insure such an item? Options: under the liability section of her homeowner's insurance policy, under the comprehensive section of her homeowner's insurance policy, with a personal property floater, with a added coverage for "additional living expenses"

Back

with a personal property floater

Front

How much you pay for insurance depends upon which of the following? the type of policy you select, the amount of coverage or limit you select, the deductible amount, all of these will affect how much you pay for insurance

Back

all of these will affect how much you pay for insurance