2024 Insurance Quick Check

Sara has car and homeowners insurance with State Farm. The amount of money she pays each month to State Farm is called the

• Premium

• deductible

• co-pay

• HMO

The legal contract that sets out the coverage and exceptions of Sara's insurance with State Farm is called

• Premium

• coinsurance

• co-pay

• policy

Sara's car was damaged during the hurricane when a tree fell on it. According to her agreement with State Farm, she must pay $500 before the insurance will cover the rest. This portion of Sara's responsibility for each event is called.

• Co-pay

• deductible

• Premium

• beneficiary

Sara left work early because she felt sick. When she got to the doctor's office, they told her that her insurance company requires her to pay $30 per visit. This is called Sara's.

• Co-pay

• policy

• deductible

• premium

What are the four types of automobile insurance coverage?

• No fault, collision, comprehensive, liability

• No fault, collision, liability, property

• Primary, secondary, collision, liability

Which insurance pays for damage to other people's property caused by you, but does NOT cover damage to your property?

• co-insurance

• collision

• liability

• comprehensive

People should purchase insurance to protect the value of your assets and protect against ________ loss.

• financial
• tax increases

• the cost of liability

• job

This insurance covers the repair or replacement of parts of your car damaged by vandalism, fire, flood, wind, earthquakes, falling objects, riots, hail, damage from trees, and other disasters. It also covers your car if it is stolen. Not cost-effective for older cars.

• Comprehensive Insurance

• Liability Insurance

• Property Damage

• Bodily Injury

Mary was getting ready for work and was rushing. She was straightening her hair and realized what time it was. She ran out of the house, forgot to turn the straightener off and her house caught fire. What type of insurance would be used?

• Automobile

• Life

• Homeowners

• Health

• Disability

Joey’s father is in a car accident and unfortunately does not make it. His family depends on the father financially. What type of insurance would be used?

• Automobile

• Life

• Homeowners

• Health

• Disability