Insurance Terms
Authored by Sydney Igert
Business
11th - 12th Grade
Used 40+ times
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8 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A claim is...
risks and events that are protected
the contract that outlines coverage between you and insurance company
the price you pay for the policy
a formal request for payment from the insurance company
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A deductible is...
a formal request for payment from the insurance company
the price you pay out of pocket from a claim before the insurance company will
splitting the cost of the claim with the insurance company
the price you pay for the policy
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A policy is a _________ the outlines coverage between you and the insurance company
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The risks and events that are protected is your
Coverage
Premium
Claim
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
A financial product purchased to shift the risk
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The ________ is the consumer that is covered by insurance policy.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The price you pay for the policy is...
Deductible
Coverage
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