Insurance Quiz

Filing a 'Claim' means:

• Applying for a refund on your premium

• Requesting payment from your insurance company for covered losses

• Disputing your premium amount

• Updating your policy information

An insurance 'Policy' is:

• A suggestion on how to drive safely

• A contract between you and the insurance company

• A law regarding minimum insurance coverage

• A monthly bill for your car

The 'Deductible' is:

• The amount deducted from your claim by the insurance company

• A discount on your premium for safe driving

• The amount you pay out of pocket before your insurance covers the rest

• The maximum amount you can claim for damages

An 'Out-of-Pocket Maximum' is:

• The maximum premium you will pay

• The most money you will pay for covered services in a policy period

• The limit on the amount you can claim

• The total deductible amount in a year

'Premium' in insurance terms refers to:

• Top-tier coverage options

• The amount you pay for your insurance policy

• The maximum amount an insurance company will pay

• A reward system for safe drivers

'Copays' are:

• Payments you make each time you use a particular insurance service

• Refunds you receive for low usage

• Penalties for late premium payments

• Bonuses for not filing claims

Collision insurance covers damages to your car from:

• A hailstorm

• Hitting another car

• Theft

• A tree falling on your car

100/300/100 coverage generally means:

• $100 monthly premium, $300 deductible, $100 copay

• $100,000 for personal injuries per person, $300,000 for total injuries, $100,000 for property damage

• 100 days grace period, $300 out-of-pocket maximum, 100% coverage

• 100% liability coverage, $300 for collision, $100 for comprehensive

What does Liability insurance cover?

• Your own car's damages

• Damages and injuries you cause to others

• Theft of your car

• Damage from natural disasters

Comprehensive insurance protects your car from what?

• Collisions with other vehicles

• Damages and injuries you cause to others

• Theft, vandalism, and natural disasters

• Injuries to yourself