The primary purpose of having insurance is to

Insurance Review

Quiz
•
Business
•
12th Grade
•
Medium
Thomas Rooney
Used 5+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
be able to drive legally
limit financial risk
prevent accidents from happening
protect things from damage
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When a situation requiring insurance coverage occurs, the policyholder must submit a
claim
co-pay
policy
premium
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost to repair your car from an accident is $5,000 and your deductible is $500. How much will you pay for the repair?
Nothing, insurance covers it.
$500
$4,500
$5,000
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Weather damage to a car can be covered by
collision
comprehensive
property damage
uninsured / underinsured
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of money paid monthly, semi-annually, or yearly to have an insurance policy.
claim
co-pay
deductible
premium
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You accidentally back into your neighbors fence. Which type of insurance will pay for the fence repair?
collision
comprehensive
medical payments
property damage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The relationship between premiums and deductibles is that
They are both paid by the insurance company.
They increase or decrease together.
When one is high, the other is low.
Deductibles come before premiums.
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