Insurance

Insurance

Assessment

Quiz

Specialty

9th - 12th Grade

Practice Problem

Hard

Created by

Arielle Levine

Used 25+ times

FREE Resource

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20 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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What role does insurance play in financial planning?

It guarantees that income and assets are protected

It helps build and maintain one's credit score

It helps cover day-to-day expenses

It grows in value and appreciates over time

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Premium

Deductible

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

Collision

Liability

Comprehensive

None

4.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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What factors impact the cost of your auto insurance premium?

Deductible amount

The vehicle you are insuring

Your credit score

Your income

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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Which of the following wouldn't save you money on your auto insurance premium?

Decrease your deductible

Reduce or eliminate optional insurance on an older vehicle

Maintain a good credit history

Bundle your insurance with other policies

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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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

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

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

18

21

26

29

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