Unit 10 Test Review (at home)

Front

What is the basic definition of insurance?

Back

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

Front

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

Back

Risk

Front

Which type of auto insurance covers damage to a car when collision is not involved? Options: Personal Property, Disaster Warranty, Liability, Comprehensive

Back

Comprehensive

Front

What type of auto insurance coverage only covers the other person involved in an accident?

Back

Liability

Front

What type of auto insurance coverage will pay for repairing your car?

Back

Collision

Front

The amount of money you have to pay out of your own pocket before the insurance pays is called the _____________

Back

Deductible

Front

The amount you pay for an insurance policy.

Back

Premium

Front

Which of the following is a way to lower your insurance premium?
Options:
have a good driving record,
be involved in sports,
have a parent with you at all times,
buy a sports car

Back

have a good driving record

Front

Chance or possibility of injury, damage, or loss that someone may want an insurance policy to cover.

Back

Risk

Front

Insurance that helps cover your income from a job when you can no longer do your job due to health reasons.

Back

disability