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Worksheetsinsurance review
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
You left the water running and your bathtub overflowed. The water also flooded the condo unit below yours and damaged your neighbor’s property. Your policy…
a)
Only takes care of damage to your property, not your neighbor’s
b)
Doesn’t cover any of the damages.
c)
Covers damage to your property and damage to your neighbor’s property.
2.
A burglar broke into your home and stole your grandmother’s old photo albums, which were of
great sentimental value to you. Which of the following is true
great sentimental value to you. Which of the following is true
a)
Unless you’ve had them appraised and insured, your home policy will only cover their real-value cost.
b)
Your insurance company makes exceptions for items of sentimental value and will pay more for them.
c)
Because they’re old photo albums, your policy won’t cover them at all.
3.
An airplane fell from the sky on your home and completely destroyed it. Your home policy…
a)
Won’t cover a freak incident like this.
b)
While not every incident of “impacted by flying objects’ is covered by home policies, some do, so you may be covered.
c)
Your home insurance policy will automatically cover this.
4.
Your dog attacked a visitor who was on your property. Your policy…
a)
Covers this under the “admission of fault” clause. Even if the incident was caused by negligence on your part or you didn’t post signs and allowed it to happen, you’re still protected.
b)
If you didn’t post any “Beware of Dog” signs, you are responsible and your policy won’t cover it.
c)
Dog attacks aren’t covered by homeowner policies.
5.
You’re doing some painting and plastering work on your home. It is strictly cosmetic. You should
inform your insurance company because…
inform your insurance company because…
a)
Even if it is cosmetic, the work will affect your insurance policy.
b)
Don’t bother – it is only cosmetic.
c)
The work may increase the value of your home, so you may need to reassess your home policy.
6.
If a guest at your party causes damages to your apartment, who is responsible for repairs
a)
The guest
b)
The landlord
c)
You and anyone else on the lease agreement
d)
None of the above
7.
Which of the following doesn’t affect auto insurance premiums
a)
Vehicle make and model, for example, truck versus sports car, etc.
b)
Whether the vehicle is stolen more than others
c)
Installed safety equipment
d)
Fuel efficiency
8.
Which of the following could cause your premiums to increase?
a)
Moving to a larger, more expensive city
b)
Taking a defensive driving course
c)
Both a and b.
9.
TRUE or FALSE: Your school grades may influence your auto premiums.
a)
True
b)
False
10.
TRUE or FALSE: Using your vehicle for weekly recreation and not for a daily commute
may lower your auto premiums.
may lower your auto premiums.
a)
True
b)
False
11.
You are in a car accident and the damages will cost $800. If you have a $200 deductible,
how much does your insurance pay?
how much does your insurance pay?
a)
You pay $200, and your insurance company pays $600
b)
You pay $400, and your insurance company pays $400
c)
You pay nothing, and your insurance company pays $800
d)
You pay $600, and your insurance company pays $200
12.
What is best resource to check with to be sure an insurance company is legitimate andlicensed to sell insurance in your state?
a)
Your parents
b)
Your state insurance department
c)
Your friends
d)
The insurance agent selling the policy
13.
This insurance is a good choice for young people who can't afford the higher costs of
permanent insurance, or for people with financial obligations that will disappear in time, such as a car
loan or a mortgage.
permanent insurance, or for people with financial obligations that will disappear in time, such as a car
loan or a mortgage.
a)
Term Life
b)
Whole Life
14.
This insurance has a cash value.
a)
Term Life
b)
Whole Life
15.
You buy this policy with a specified time period, usually one, five, or ten years.
a)
Term Life
b)
Whole Life
16.
Unless you make a change to your policy, you have lifelong coverage with no future medical
exams.
exams.
a)
Term Life
b)
Whole Life
17.
Premiums are generally much cheaper than cash-value policies
a)
Term Life
b)
Whole Life
18.
This is a good choice for young people, who are unable to afford the higher cost of permanent
insurance right now.
insurance right now.
a)
Term Life
b)
Whole Life
19.
Your premium will remain constant during the time you are covered unless you choose
otherwise.
otherwise.
a)
Term Life
b)
Whole Life
20.
The risk with this life insurance is that your health might deteriorate and you could be unable
to get another policy once the policy expires.
to get another policy once the policy expires.
a)
Term Life
b)
Whole Life
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