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Insurance

Authored by Stephanie Yeckering

Life Skills

9th - 12th Grade

Used 15+ times

Insurance
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

_____ is an agreement between the insured and the insurer which provides the insurer will pay a set percentage of the covered costs after the deductible has been paid.

Co-pay
Co-insurance
Deductible
Maximum out-of-pocket expense

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of car insurance is required in all states?

Comprehensive

Collision

Liability

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Raising your deductible may be a good option when it comes to lowering your premium, but it is important to do a break-even analysis before making that decision.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which type of insurance protects against loss due to death?

Life
Health
Disability
Long-Term Care

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

_________________________ provides protection against financial losses resulting from injury or illness.

Disability Insurance
Health Insurance
Life Insurance
Homeowner's insurance

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Generally, the higher the deductible on an insurance policy, the

higher the copay.
worse the insurance
higher the premium
lower the premium

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A person buys a homeowner’s insurance policy with a $250 deductible, which means the person will

pay a quarterly premium of $250

pay the first $250 of the claim settlement.

only receive a $250 payment from the insurance company.

not be responsible for the first $250 of the claimed damages.

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