Insurance

Insurance

Assessment

Flashcard

Life Skills

9th - 12th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

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20 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What does the $1000 represent in Manny's car insurance after an accident with a bill totaling $11,500?

Back

Deductible

2.

FLASHCARD QUESTION

Front

Why won't Alice's strategy of buying renters insurance only when something bad happens work?

Back

Insurance companies will only cover losses suffered while the policy is already in place.

3.

FLASHCARD QUESTION

Front

What role does insurance play in financial planning?

Back

It helps guarantee that income and assets (like a car or belongings) are protected.

4.

FLASHCARD QUESTION

Front

The out of pocket cost to the insured when a loss occurs is called...

Back

Deductible

5.

FLASHCARD QUESTION

Front

This professional analyzes statistics and uses them to calculate risks and premiums.

Back

Actuary

6.

FLASHCARD QUESTION

Front

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

Back

Comprehensive

7.

FLASHCARD QUESTION

Front

All are factors that impact the cost of your auto insurance premium EXCEPT...
Deductible amount, The vehicle you are insuring, Your credit score, Your income

Back

Your income

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