Insurance Basics Quiz

__________ is an arrangement in which an individual will receive financial protection or reimbursement from an insurer.

The ______________ is the contract between an insurance company and the insured individual.

The amount of liability protection offered to an individual through an insurance company is ________________.

A ________________ is the amount of money you pay for insurance.

You won’t lose your coverage unless you pay later than the __________ allows.

The amount you’ll have to pay out of pocket before the insurance company will make a payment is the __________.

____________ are the payments you make each time you go to a doctor or pick up a prescription.

The most money you have to spend for covered services in a year is your ________________.

______________ is protection against claims resulting from personal injury or property damage as a result of an accident.

______________ covers damage to your car after a collision with another car or object.