Insurance Quiz

The car insurance that protects you against another driver who does not have enough coverage to pay for all of your losses is known as what?

• Extended warranty

• Collision coverage

• Uninsured/underinsured motorist coverage

What is the term for the maximum amount of money you will have to spend on healthcare in a year, after which the insurance company agrees to cover all costs?

• Copayment

• Deductible

• Out-of-Pocket Maximum

This health insurance plan allows the policy holder to choose what doctors they visit without seeing their primary doctor for a referral?

• Preferred Provider Organization

• Premium

• Claim

What is the term for the amount of money you agree to pay for your losses before your insurance coverage starts to pay?

• Deductible

• Claim

• HSA

What type of car insurance protects you against medical costs for bodily injuries to third parties and damage to other people's property if you are at fault in an accident?

• Liability Coverage

• Collision Coverage

• Life Insurance

What is the name of the insurance that is paid to the named beneficiaries when the insured person dies?

• Health Maintenance Organization

• Life Insurance

• Health Savings Account

What is the name of a formal request from a client to an insurance company asking for a payment based on the terms of the insurance policy?

• Insurance claim

• Insurance premium

• Insurance benefit

What is the name of the agreement in which you make regular payments to a company and the company promises to pay you money if you suffer a specified injury, illness, loss, etc.?

• Insurance policy

• Insurance claim

• Insurance benefit

What type of insurance protects you against the costs of repairing or replacing your vehicle after events beyond your control such as weather, vandalism, theft, etc.?

• Life insurance

• Health insurance

• Auto insurance

• Property insurance

What is the fixed amount in dollars that you agree to pay each time you receive medical treatment, such as a doctor's visit or a prescription, known as?

• Deductible

• Copayment

• Coinsurance