Clark Investing & Insurance

What is the main purpose of insurance?

• to follow the law

• to get weathly

• For investment purposes

• To reduce risk

This type of insurance should pay if you severely burn your finger on a toaster and need to go to the hospital

• Life

• Health

• Product

• Homeowners

This type of insurance should pay for damages if a tree that goes through your roof.

• Product

• Health

• Homeowners

• Life

This is what you have to pay before the insurance company will pay anything

• coverage

• dues

• deductible

• policy

This is the minimum required by law, only repairs the vehicle you hit, not your own

• Liability

• Collision

• Comprehensive

• Deductible

The owner of an insurance policy

• Insured

• Insurer

• Policyholder

• Underwriter

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury is called a(n)______.

• emergency savings

• coverage

• claim

• employee benefits

The recipient of assets passed on

• Beneficiary

• Claim

• Will

• Liability

The amount of protection you have through an insurance policy

• Beneficiary

• Claim

• Liability

• Coverage

Which type of insurance should you not need right after high school?

• Renter's/Homeowner's

• Life

• Auto

• Health