PF Unit 6 Review

What is the probability that injury, damage, or loss will occur?

• Insurance

• Risk

• Deductible

• Premium

The process of dealing with the change of a potential personal or financial loss is called what?

• Risk

• Risk Management

• Premium

• Deductible

A way to guarantee your financial protection against various risk is called what?

• Deductible

• Insurance

• Insurance policy

• Premium

A written contract explaining your insurance coverage is called what?

• Premium

• Insurance Policy

• Coverage Limit

• Risk

The amount you must pay about of your own pocket before insurance kicks in is called what?

• Deductible

• Premium

• Risk

• Coverage Limit

The amount of money an insurance company charges for insurance coverage is called what?

• Deductible

• Premium

• Risk

• Policy

What is the maximum amount an insurance company will claim if you file a claim called?

• Premium

• Coverage Limit

• Insurance

• Deductible

Which of these is not a type of insurance?

• Medical

• Dental

• Pet

• Tire

Which of the following does NOT negatively affect your insurance premiums?

• Getting into a wreck that was your fault

• Late payments

• Traffic Violations

• The color of the car

Which of the following is NOT an insurance company?

• State Farm

• Farm Bureau

• State Ranch

• Geico