Insurance Types Quiz

Which type of insurance is specifically designed to cover medical expenses?

• Life Insurance

• Disability Insurance

• Health Insurance

• Auto Insurance

What role does the main insured person play in an insurance policy?

• They are the person who sells the policy.

• They are the person who buys the policy.

• They are the person who regulates the policy.

• They are the person who underwrites the policy.

Which of the following is NOT a role of the policyholder?

• Buying the insurance policy.

• Paying the insurance premium.

• Selling the insurance policy.

• Holding the insurance policy document.

How much is the deductible in the example provided?

• $500

• $700

• $1200

• $1700

If the deductible is increased, what happens to the insurance company's payment?

• It increases

• It decreases

• It stays the same

• It doubles

What does comprehensive insurance cover in addition to auto accidents?

• Only auto accidents

• Theft, broken windows, fire, hail, vandalism, and acts of nature

• Only theft and fire

• Only vandalism and acts of nature

Which of the following is an example of vandalism that comprehensive insurance would cover?

• Scratches from a car wash

• a thief breaks the window

• Engine overheating

• Flat tire

What is the purpose of a reimbursement?

• To charge someone for services

• To compensate someone for expenses

• To lend money to someone

• To invest in stocks

What does the term "Reimbursement" refer to in insurance?

• Paying the insurance company

• Receiving a check from the insurance company to cover a loss

• Increasing your insurance premium

• Filing a claim

What type of insurance is specifically designed to cover loss of items in the home?

• A Deductible

• Insurance Policy

• Renter's or homeowners insurance

• Policyholder