Junior Cycle Insurance

The person who calculates the premiums

• Broker

• Loss adjuster

• Actuary

• Agent

You fill out a proposal form when you want to

• Make a claim

• Apply for insurance

• Apply for compensation

• Enquire about insurance

The rule that you cannot profit from insurance is called

• Indemnity

• Identity

• Insurable interest

• Subrogation

Which of these helps you to shop around for insurance?

• Agent

• Assessor

• Actuary

• Broker

A house worth €300,000 will cost €5 per 1000 to insure. How much will the premium be?

• €500

• €3000

• €1500

• €150

If you are seen as a high risk, for example if you smoke the insurance company will add a....

• Reduction

• Loading

• No claims bonus

• Premium

Which two of these insurances are required by law?

• Motor

• House contents

• PRSI

• Life

The minimum motor insurance required by law is

• Comprehensive

• Third party fire and theft

• Third party

• All three

A house that have a market value of €400,000 is insured by its owner for €300,000. How much compensation would they get if a fire caused €80,000 worth of damage?

• €80,000

• €60,000

• €300,000

• €400,000

Which two principles (rules) of insurance apply when you are taking out insurance?

• Insurable interest

• Subrogation

• Contribution

• Utmost good faith