Insurance Quiz

The amount paid for insurance coverage is the

• closing cost

• premium

• deductible

• assessed value

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

• coinsurance
• disability insurance
• life insurance
• comprehensive insurance

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

• policy holder
• beneficiary
• recipient
• insurance agent

The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called

• term life insurance
• bodily insurance
• comprehensive
• collision

The amount you MUST pay out of pocket before insurance takes over is called the

• premium
• bonus payout
• term payment
• deductible

Tags

CCSS.7.RP.A.3

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.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

This type of insurance protects against damage to your car if you are hit by someone without insurance.

• collision

• comprehensive

• property

• uninsured motorists

A formal request to an insurance company asking for a payment when the policyholder has financial loss.

• emergency savings

• coverage

• claim

• employee benefits

This type of insurance should pay for damages if a tree that goes through your roof.

• Product

• Health

• Homeowners

• Life

This is the auto insurance required by law, only repairs the vehicle you hit, not your own

• Liability

• Collision

• Comprehensive

• Deductible