
Insurance Quiz
Quiz
•
Business
•
8th Grade
•
Practice Problem
•
Hard
Arinze Uche
FREE Resource
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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main types of insurance?
Travel insurance and phone insurance
Home insurance and pet insurance
Car insurance and health insurance
Life insurance and general insurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does insurance coverage refer to?
A type of clothing
Protection or financial compensation provided by an insurance policy
A type of fruit
A type of car
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to understand the coverage limits of an insurance policy?
To impress friends and family
To determine the extent of protection provided by the policy.
To test the knowledge of insurance agents
To waste time and money
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What factors can affect insurance premiums?
Number of siblings, favorite movie, and zodiac sign
Hair color, favorite food, and height
Age, gender, location, driving record, type of vehicle, and coverage options
Favorite color, shoe size, and pet's name
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the concept of deductible in insurance.
The insured must pay a certain amount out of pocket before the insurance company will pay for covered expenses.
The deductible is the premium paid by the insured to the insurance company
Deductible is the maximum amount the insured can claim from the insurance company
The deductible is the amount the insurance company pays before the insured has to pay anything
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the process for filing an insurance claim?
Contact your insurance company and provide necessary documentation
Ask a friend to file the claim for you
Post about it on social media and wait for the insurance company to contact you
Ignore the situation and hope it resolves itself
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to review the terms and conditions of an insurance policy before purchasing?
To find out the favorite color of the insurance agent
To see if the policy includes a free vacation
To learn about the history of the insurance company
To understand the coverage, exclusions, limitations, and other important details
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