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Insurance Unit Final Exam

Authored by Kaysha Covington

Professional Development

11th Grade - University

Used 9+ times

Insurance Unit Final Exam
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35 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The _______________ provides & sells insurance while the ________________ negotiates on behalf of the insurer.

Insurance, insurance agent

Insurance company, insurance policy

Insurance agent, insurance policy

Insurance company, insurance agent

2.

MULTIPLE SELECT QUESTION

1 min • 1 pt

If you rent your house, you’ll need to get homeowner’s insurance.

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of insurance gives you extra coverage once your primary insurance limit is met?

Disability Insurance

COBRA

Umbrella Insurance

Long Term Care Insurance

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which term below represents the total amount of money you would have to pay with insurance.

Out-Of-Pocket

Claim

Deductible

Premium

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

If you are impacted by an illness or injury and cannot work, this insurance will help cover your income.

Long Term Care Insurance

Disability Insurance

Health Insurance

Life Insurance

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which type of insurance is made mandatory by law in most US states?

Car Insurance

Renter’s Insurance

Life Insurance

Health Insurance

7.

MULTIPLE SELECT QUESTION

1 min • 1 pt

Homeowner’s insurance covers 3 categories of claims.

True

False

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