Chapter 20 Quiz Review

Most states require drivers to carry automobile insurance.

• True

• False

Property insurance covers damages to your home from natural disasters.

• True

• False

Replacement insurance depreciates the value of personal property.

• True

• False

Major medical insurance covers doctor's office visits.

• True

• False

Your age affects the cost of your automobile insurance.

• True

• False

A renters' policy protects the actual dwelling.

• True

• False

Insurance is available to cover dental expenses and vision care.

• True

• False

Most managed care plans are run by state governments.

• True

• False

Which type of insurance has cash value and an investment feature?

• group life

• permanent life

• term life

Which type of insurance has no savings or investment features?

• permanent life

• group life

• term life