Unit 3 Insurance Test Review Quizizz

What is the time period that the policy covers called?

• Contract

• Term

• Rider

• Coverage

Risk is the _________________________ of an insured situation actually occurring.

• Contract

• Amount

• Probability

• Maximum

Life and Health insurance protects against...?

• Health and Wellbeing

• Living and Body

• Death and Sickness

• Sickness and Life

Property and Casualty insurance protect...?

• Your Family

• Yourself

• Assets

• Your Relatives

What are the 3 subcategories covered by home owners insurance?

• Structure, belongings, liability

• Tornado, Fire, Vandals, Thieves

• Crime rate, construction material, distance to emergency services

• Animals, Nature, Weather

What does personal injury protection cover under your auto insurance?

• Reimburses you for repairs to your car after damage from an accident

• Reimburses you for replacing assets destroyed in a collision

• Covers you when you/your actions are responsible for injury/damage

• Covers medical costs for all people in the car, no matter who was at fault

Which is a more expensive life insurance?

• Whole Life

• Term

Medical bills are the #1 cause of what?

• Doctors

• Bankruptcy

• Billing Dedpartments

People and/or body parts are an example of specialized insurance.

• True

• False

Depending on the type of insurance they want to buy, you'll look at a variety of different factors to determine the _________________ of a claim, then set the price of the policy.

• time

• probability

• price