MM: Major Test #2

An insurance policy is an_________to cover the loss or damage of something.

• agreement

• contract

• premium

You pay your premium each______

• month

• week

• accident

Homeowners’ insurance will cover your home and your_______

• school

• belongings

• job

The amount your home or belongings are worth is the____________

• cost of living

• premium

• insurable value

_______covers damage done by a storm or grocery cart.

• car insurance

• premium

• renters insurance

________will cover damages done to your car.

• auto insurance

• home insurance

• renters insurance

In most states, you must have at least______insurance.

• some

• full coverage

• liability

If another car hits your car, it is covered by_______

• collision insurance

• home insurance

• liability

A new driver will pay a_____premium.

• low

• higher

• no

________covers damage done by a storm or grocery cart.

• comprehensive insurance

• collision insurance

• liability