Unit 8 practice BDB

Which type of insurance is likely to be the lowest priority for a single, working, 24-year-old?

• Health insurance

• Disability insurance

• Life insurance

• Auto insurance

The out of pocket cost to the insured when a loss occurs is called...

• Premium

• Deductible

Each of these factors impacts your insurance premium EXCEPT...

• Deductible amount

• The vehicle you are insuring

• Your credit score

• Your income

Which of the following wouldn't save you money on your auto insurance premium?

• Decrease your deductible

• Reduce or eliminate optional insurance on an older vehicle

• Maintain a good credit history

• Bundle your insurance with other policies

Under current law, until what age can a child stay on their parents' health insurance?

• 18

• 21

• 26

• 29

Your health insurance copay is

• Amount paid out of pocket before your insurance coverage

• Paid by the insurer

• Applied on an annual basis

• A fixed amount of money you pay each time you use your plan

Which of the following would be covered under a renter's insurance policy?

• Damage to the exterior of the property

• Medical bills of another person who is injured on the property

• Your roommate's personal belongings in the rental unit

• Damage to a detached shed on the property

Which insurance coverage is required by law?

• Homeowners insurance

• Auto insurance

• Renters insurance

• Disability insurance

What is a stock?

• when you purchase part of a company
• part of a company's profits
• a loan to a company
• a loan to a city government

What is a municipal bond?

• when you purchase part of a company
• part of a company's profits
• a loan to a company
• a loan to a city government