Insurance unit review

A ______ is someone (usually a child) who relies on someone else financially.

• dependent

• guardian

• employer

• tenant

The money you pay each month (or each paycheck) for health insurance is your _______.

• coinsurance

• deductible

• copayment

• allowance

• premium

Which has a lower premium?

• PPO plan

• HDHP

Extra liability coverage on top of homeowners and auto insurance is called _______.

• umbrella insurance

• renters insurance

• collision insurance

• health insurance

Your ______ protects you from paying for damages to YOUR car in a collision (that is your fault).

• liability coverage

• comprehensive coverage

• collision coverage

• gap insurance

Your ______ protects you from paying for damages to THE OTHER PERSON'S car in a collision (that is your fault).

• liability insurance

• collision insurance

• comprehensive insurance

• personal injury protection

The ______ indicates the most you would pay for health insurance in a year.

• maximum out-of-pocket (MOOP)

• deductible

• premium

• copay

When you file a claim, your ______ is the amount you have to pay before insurance covers any costs.

• deductible

• premium

• policy

• allowance

Renters insurance covers loss of ______ but not the building.

• the renter's personal property (the renter's belongings)

• the landlord's personal property

• the building structure

• the neighbor's belongings

The purpose of _____ is to transfer financial risk.

• insurance

• investment

• savings

• taxation