
Insurance Quiz
Authored by Frank Hufnagel
Business
9th Grade
Used 2+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What type of insurance covers you if your dog ate your toy doll and got sick?
Home insurance
Pet insurance
Life insurance
Health insurance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a co-pay?
The full cost of a medical service
Your share of the medical episode cost
A type of insurance policy
A tax on medical services
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might increase if you have a pre-existing condition?
Deductible
Premium
Co-pay
Coverage
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT true about deductibles?
They are paid by the policyholder
They are paid before the insurance company pays a claim
They increase the total cost of a claim
They decrease the premium cost
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the trade-off when selecting a deductible amount?
Higher deductible, higher premium
Lower deductible, lower premium
Higher deductible, lower premium
Deductible does not affect the premium
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is "Cash Value" determined?
By the insurance company's policy
By the appraised value
By what you value the asset
By the payout amount
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which term refers to the amount the insurance company covers for your expenses?
Cash Value
Replacement
Reimbursement
Payout
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