
Understanding Insurance Concepts
Authored by Patrick Aiello
Social Studies
12th Grade
Used 31+ times

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60 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The total cost of buying insurance, usually per year
Premium
coverage
deductible
policy
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main purpose of insurance?
to follow the law
to get weathly
For investment purposes
To reduce risk
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This type of insurance should pay if you severely burn your finger on a toaster and need to go to the hospital
Life
Health
Product
Homeowners
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This type of insurance should pay for damages if a tree that goes through your roof.
Product
Health
Homeowners
Life
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This is what you have to pay before the insurance company will pay anything
coverage
dues
deductible
policy
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
This is the minimum required by law, only repairs the vehicle you hit, not your own
Liability
Collision
Comprehensive
Deductible
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This covers the damage to your car and the other persons, regardless of who is at fault
Comprehensive
Liability
Homeowners
Health
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