What term is used to describe the amount of a loss claim paid by the insured?

Bus Math Ch 6 Quiz#2 (Practice)

Quiz
•
Business
•
9th Grade
•
Hard
Jon Himes
FREE Resource
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Premium
Deductible
Rebates
Base Price
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term refers to the home in which you live?
Dwelling
Personal Property
Homeowners Insurance
Off Premises
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for a policy that protects your home and personal property against losses?
Renters Policy
Rider
Homeowners Insurance
Personal Liability
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term describes the insurance that covers your personal property when you are away from home?
Off Premises
Personal Property
Deductible
Premium
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term is used for the portion of an insurance policy that protects you in case of lawsuits by persons injured on your property?
Personal Liability
Homeowners Insurance
Rider
Renters Policy
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the term for the contents of your home that you own?
Personal Property
Dwelling
Premium
Deductible
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What term describes the money paid to an insurance company for property insurance to transfer risk of loss to the insurance company?
Premium
Deductible
Rebates
Rider
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