Insurance

Front

What is an insurance premium?

Back

Your monthly payment to your insurer, regardless of whether you use any services

Front

A stone hits your windshield. Which type of coverage would likely cover this expense?

Back

Comprehensive

Front

Under current law, until what age can a child stay on their parents' health insurance?

Back

26

Front

True or False: Insurance is based on the concept of shared risk, or risk pooling.

Back

True

Front

Which insurance coverage is required by law? Options: Homeowners insurance, Auto insurance, Renters insurance, Disability insurance

Back

Auto insurance

Front

Which term refers to the amount of money you must pay out of pocket before your insurance policy starts covering covered expenses?

Back

Deductible

Front

When setting your premium, your car insurance company may consider each of the following EXCEPT...
How many miles you drive per year, Your age, Your driving record, Your height

Back

Your height

Front

Your renter's insurance policy costs $20/month and has a $1,000 deductible. A thief breaks into your apartment and steals your $800 TV set. How much would your insurance company pay?

Back

$0

Front

Why would someone want to have renters insurance if their building owner has insurance?

Back

Renters insurance covers your personal property.

Front

Which college student is MOST likely to need their own renters insurance policy? Options: Abigail, who lives with her parents and commutes to college; Beatrice, who is a freshman living in a dorm and whose mom has homeowners insurance; Carson, who is a senior living in a dorm and whose guardians have homeowners insurance; Dani, who lives in an off-campus apartment with her cousin and a friend.

Back

Dani, who lives in an off-campus apartment with her cousin and a friend