
Chapter 7 - Insurance
Quiz
•
Life Skills
•
10th - 12th Grade
•
Medium
Marissa Dunn
Used 5+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes an insurance premium?
amount the insured must pay before the insurance company pays a claim
amount someone pays for insurance coverage
amount insurance company will pay towards a claim
highest, most expensive form of insurance coverage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following perils may NOT be covered in a basic homeowner’s policy?
flood
injury of a guest
falling debris on house
fire
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are included in a basic homeowner’s policy?
home or property damage, expenses to live elsewhere, vet costs for injured pets
home or property damage, expenses to live elsewhere, damage to farmland
home or property damage, liability losses (injury), maintenance costs
home or property damage, liability losses (injury), expenses to live elsewhere
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes a life insurance beneficiary?
person who receives the insurance benefits upon the death of the insured
person who purchases the life insurance
insurance company that sells the life insurance
beneficiary is not a real word
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following describes an insurance deductible?
amount the insured pays for coverage
amount the insured must pay before insurance company pays a claim
stated limit of insurance coverage imposed by the insurance company
portion of your insurance you may deduct from your taxes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following are typically included in a comprehensive medical policy?
regular medical, surgical, worker’s compensation, and major medical insurance
regular medical, disability, hospital, and major medical insurance
regular medical, surgical, hospital, and major medical insurance
regular medical, surgical, hospital, and dental insurance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT true of term life insurance?
premium – begins low but gradually increases
only covered for a specific period (5-20 years)
has cash value
fixed death benefit
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