Insurance Quiz

What type of insurance pays to fix the other car if you get into a wreck and it is your fault?

• Property Liability

• Medical payments liability

• Physical damage insurance

• Liability Insurance

Which type of insurance covers damages caused to the vehicle from a collision with another object or car?

• Collision

• Comprehensive

• Uninsured or underinsured motorists' insurance

• Physical Damage Insurance

What does comprehensive insurance cover?

• Damages caused by collision

• Medical expenses of someone hurt in an accident

• Physical damages losses not caused by collision

• Injury to the driver or passengers

Which insurance coverage is used when the wreck is caused by a driver with insufficient insurance?

• Liability Insurance

• Uninsured or underinsured motorists' insurance

• Property Liability

• Medical payments liability

What is a deductible in automobile insurance?

• The maximum amount the insurance company will pay for medical expenses

• The amount you must pay upfront before the insurance company helps with your problem

• The coverage limit for property damage in an incident

• The amount you must pay upfront before the insurance company pays for your car damages

What does a higher coverage limit in automobile insurance mean?

• Higher premium

• Lower premium

• No impact on premium

• No coverage for medical expenses

What are some risk factors considered for automobile insurance?

• Age, gender, and geographic location

• Marital status, driving record, and claims history

• Credit history, vehicle type, and miles driven to and from work

• All of the above

What type of insurance covers the building and its contents separately in a policy?

• Homeowners Insurance

• Renter's Insurance

• Health Insurance

• Property Insurance

What does liability insurance in homeowners insurance cover?

• Accidents inside or outside the home resulting in bodily injury or property damage

• Replacement cost of the home

• Losses if property is stolen or destroyed

• Medical expenses and property damage in an incident

What is the purpose of life insurance?

• To cover medical expenses

• To pay for physical care and day-to-day living assistance

• To provide financial support to loved ones after death

• To replace lost income when unable to work