Insurance Review

Insurance Review

12th Grade

10 Qs

quiz-placeholder

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Insurance Review

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Assessment

Quiz

Business

12th Grade

Medium

Created by

Thomas Rooney

Used 5+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The primary purpose of having insurance is to

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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