TSA Insurance Review

Ralph has a shiny new car, and he wants to make sure the insurance company will help him fix or replace it in case of any type of damage. Each of these coverage areas will provide the type of coverage he’s looking for on his car EXCEPT…

• Uninsured/underinsured motorist

• Collision

• Comprehensive

• Liability

Bodily injury liability coverage provides coverage in which scenario?

• The insured driver causes an accident where another person is injured

• The insured driver causes an accident where another’s property is damaged

• The insured driver is a victim of an accident and needs to replace their own car

• The insured driver is a victim of an accident and needs to pay their own medical bills

What is the liability portion of a homeowners insurance policy meant to cover?

• The cost of a lawsuit if someone sues you for injuries they got on your property

• The cost of repairing the physical structure of your home

• The cost of floods and earthquakes not covered by a standard policy

• The cost of replacing personal property that you, yourself, damage within your home

Does the insurance company pay for ALL medical expenses as long as you pay your monthly premium?

• Yes

• No

A fixed amount you pay for a covered health care service, usually when you get the service.

• Deductible

• Copay

• Premium

The amount you owe for health care services each year before the insurance company begins to pay

• Coinsurance

• Deductible

• Copay

The amount an insured must pay against a claim after the deductible is satisfied.

• Coinsurance

• Deductible

• Copay

Any condition, either physical or mental, including a disability, that occurred before health plan coverage went into effect is a __________ condition.

A financial product purchased by many people facing a similar risk to protect against the risk of loss.

• insurance
• deductible
• risk management
• premium

A formal request to an insurance company asking for a payment when the policyholder has an accident, illness, or injury is called:

• a moral hazard
• a claim
• an insurance adjuster
• a policy review