Insurance Basics

A policy is a contract between the

• Policyholder and the injured person

• Driver and the government

• Consumer and the insurance company

• Consumer and the insurance agent

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

• 18

• 21

• 26

• 29

Which of the following would be covered under a renter's insurance policy?

• Damage to the exterior of the property

• Medical bills of another person who is injured on the property

• Your roommate's personal belongings in the rental unit

• Damage to a detached shed on the property

Which insurance coverage is required by law?

• Homeowners insurance

• Auto insurance

• FDIC

• Disability insurance

Before insurance begins to cover a patient, the ___ must be paid first, the the insurance will begin to pay.

• Medicaid
• HMO
• PPO
• deductible

The amount paid for insurance is the

• closing cost
• premium
• deductible
• assessed value

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.11-12.3

CCSS.RI.8.3

CCSS.RI.9-10.3

The person named in a life insurance policy to receive the death benefit is called the

• policy holder
• beneficiary
• recipient
• insurance agent

This term pays for protection against loss of life, property, and finances.

• collision
• premium
• insurance
• deductible

If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.

• disability
• health
• premium
• hospitalization

Tags

CCSS.RI.11-12.5

CCSS.RI.9-10.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

This type of insurance protects against damage to the car OR injury to persons in the car caused by a driver who carries no insurance.

• collision
• comprehensive
• property
• uninsured motorists