Tiffany was recently involved in a vehicle accident. In order to get her car fixed, her insurancecompany is requiring her to pay the first $500 of the repair bill because:

her policy's deductible is $500

she did not call her agent and report the accident quickly enough

she will be reimbursed by the insurance company later

the cost of the repairs is higher than her policy covers

A request made by the holder of an insurance policy for payment of a loss.

Various fees that must be paid by the buyer or the seller at the time the purchase of a home is finalized.

An amount by which revenue exceeds revenue.

Combination of different fibers.

System under which no fault or blame is assigned in the event of a traffic accident and all parties involved collect from their own insurance companies for losses up to their coverage limits

A group of investments that is held in common by many individual investors.

Natural resources that cannot replace themselves.

Insurance that covers care generally not covered by health insurance, Medicare, or Medicaid

Government order insurance for people who can not afford insurance

A physician who specializes in treating the skin

Insurance that specialize in making small or personal payments.

A group of drivers within a state who are unable to obtain auto insurance on their own

An amount by which spending exceeds revenue

Various fees that must be paid by the buyer or the seller

Combination of different fibers

PPO ( preferred provider organization)

A group of medical doctors, hospitals and other health care providers who have agreed to extend services at reduced rates through an insurer or third-party administrator.

Earning after all costs of production have been paid

A partial refund of an item's purchase price.

Life Insurance that gives protection for a specific period of time

Entitled to some or all of one's money in a retirement plan when leaving a company

Insurance that you desire but that are necessary to live

A flat fee given to a health care provider at the time of service

Money collected or received by the government for public use

Credit that can be used repeatedly

The cost of one currency expressed in terms of another currency

Your friend is considering getting renters insurance, but doesn't really think it's necessary. What do you tell her?

While you're technically correct, renters insurance is actually quite important. After all, it covers damage and theft of your possessions, which your landlord will not.

You're totally right. Renters insurance isn't really necessary.

You're actually incorrect. Renters insurance is a legal requirement.

Your friend is considering getting renters insurance, but doesn't think he can afford it. What do you tell him?

Actually, renters insurance is a very cheap way to protect your property. It will only cost you around $20 a month.

You're right. Renters insurance is not affordable for most people.

Actually, you don't need to afford it. All landlords buy renters insurance for their tenants automatically.

Car insurance is more expensive for teenage males than teenage females because studies have shown-

male teenage drivers get in more accidents that female teen drivers

more male teenage drivers take drivers education classes than female drivers

female drivers do not drive often

female drivers frequently own their cars

Insurance Review

Authored by Lisa Rose

Other

11th Grade

CCSS covered

Used 18+ times

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82 questions

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MULTIPLE CHOICE QUESTION

5 mins • 1 pt

A woman has just received a very expensive piece of jewelry. The woman has homeowner's insurance. Which statement would it be most appropriate for her to make to her insurance agent?

A. "I think I need a personal property floater."

B. "I think I should get speculative risk insurance."

C. "I will deduct the cost of the jewelry from my premium."

D. "I realize that if this jewelry is stolen it will be considered vicarious liability."

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive

A. one-fifth of the $20,000 face value.

B. $20,000 less the premiums paid.

C. a calculated amount of money which includes the premiums paid as well as the interest on that money.

D. a calculated amount of money that must be converted to a term life insurance policy.

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

The only type of life insurance that does not develop a cash value is:

A. Term life insurance

B. Whole life insurance

C. Universal life insurance

D. Variable universal life insurance

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

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

A. have to pay a quarterly premium of $250.

B. have to pay the first $250 which will be deducted from the claim settlement paid by the insurance company.

C. only receive payment from the insurance company of $250 for any single article damaged.

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

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Sally took out a $50,000 life insurance policy. The $50,000 amount of coverage is called the:

A. Cash value

B. Premium value

C. Death benefit or face value

D. Annuity value

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

When a self-employed person decides to purchase disability insurance it is generally to

A. lessen the possibility of becoming injured.

B. protect against the financial effects of not being able to work.

C. Separate value

D. Premium or annuity value

MULTIPLE CHOICE QUESTION

5 mins • 1 pt

Mr. Akon's wife died. The money he received as the beneficiary on her life insurance is called the:

A. Cash value

B. Death benefit or face value

C. Separate value

D. Premium or annuity value

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Insurance Review

A woman has just received a very expensive piece of jewelry. The woman has homeowner's insurance. Which statement would it be most appropriate for her to make to her insurance agent?

For the past five years, a person has had a $20,000 whole life insurance policy that has a cash value clause. The person decides to surrender the policy. At the time of surrender, the person will receive

The only type of life insurance that does not develop a cash value is:

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

Sally took out a $50,000 life insurance policy. The $50,000 amount of coverage is called the:

When a self-employed person decides to purchase disability insurance it is generally to

Mr. Akon's wife died. The money he received as the beneficiary on her life insurance is called the:

The amount paid for insurance is the

Insurance that protects your family against financial loss due to your death is

The type of insurance that provides protection against financial loss from medical bills is called

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