Auto Insurance Vocabulary Multiple-Choice Questions

What is the value of your vehicle or property at the time it was damaged?

• Premium

• Actual Cash Value

• Deductible

• Appraisal

What is an estimate of the amount of damage to a vehicle after an accident?

• Claim

• Appraisal

• Benefit

• Endorsement

Who is the person designated to receive funds under an insurance policy or will?

• Policyholder

• Beneficiary

• Insurer

• Adjuster

What is the amount an insurance company pays when a claim is filed?

• Premium

• Benefit

• Deductible

• Appraisal

Which coverage pays for injuries the policyholder causes to someone else?

• Property Damage Liability

• Collision

• Bodily Injury Liability

• Comprehensive

What is a request for reimbursement under an insurance policy?

• Claim

• Premium

• Endorsement

• Exclusion

Which coverage pays for damage to your car from an accident?

• Comprehensive

• Collision

• Liability

• Appraisal

Which coverage pays for non-collision damage like theft or fire?

• Collision

• Comprehensive

• Gap Insurance

• Deductible

What is the amount you pay out of pocket before insurance covers the rest?

• Premium

• Deductible

• Benefit

• Claim

What are changes made to an insurance policy, like adding a driver?

• Exclusions

• Endorsements

• Claims

• Benefits