4 - Car Insurance

What is a deductible?

•  A written contract between the insured and the insurer. 

• The amount a policy will cost a person.

• The amount you must pay before the insurance company will pay for your damages.

• Exposure to danger, harm, or loss.

What is an insurance premium?

• responsibility for others' losses in an accident you caused

• The cost of insurance coverage

• The amount you have to pay before the insurance will pay a claim.

• A chance that one takes

What is a claim?

• required, compulsory

• the cost of insurance

• a chance that one takes

• a request for payment by an insured person to an insurer to cover losses

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Which DOES NOT affect the cost of car insurance?

• age

• driving history

• where a person lives

• a person's job

• amount of miles you drive

A type of car insurance that covers accident damage to your OWN motor vehicle is

• collision

• comprehensive

• bodily injury

• uninsured motorist

Peter has collision insurance with a $1,000 deductible. Peter backs his car into a lamppost and causes $4,300 worth of damage to the car. How much will Peter have to pay?

• $4,300

• $1,000

• $3,300

• $0

Tags

CCSS.7.NS.A.1D

A deductible is how much your insurance company pays for repairs after an accident.

• True

• False

If you have caused an accident your insurance rates increase.

• True

• False

Tags

CCSS.RI.4.3

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.7.3

CCSS.RI.8.3

Driving records can determine the cost of your auto insurance

• True

• False

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CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Liable means

• responsible

• at fault

• law

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C