WorksheetsChapter 1 Lesson 2: Basic Policy Types Review
Total questions: 25
Worksheet time: 9mins
Name
Class
Date
1.
Having no insurance means to be ___________________.
a)
Insured
b)
Underinsured
c)
Uninsured
d)
Insurer
2.
This is compensation for medical care costs due to disease or injury.
a)
Social insurance
b)
United Insurance
c)
Health insurance
d)
Disability insurance
3.
A child or other person who relies on you for financial support is _________________.
a)
Deductible
b)
Dependent
c)
Coverage
d)
Asset
4.
In life insurance, a person or entity named in the insured's will who should receive the benefits upon the insured's death is called ____________________.
a)
Insured
b)
Beneficiary
c)
Liability
d)
Dependent
5.
The money or property you own is considered _________________________.
a)
Liability
b)
Net worth
c)
Equity
d)
Assets
6.
Permanent structures and objects such as buildings, fences, and built-in appliances are considered personal property.
a)
True
b)
False
7.
_________ includes permanent structures and objects such as buildings, fences, and built-in appliances.
a)
motorist coverage
b)
real property
c)
personal property
d)
personal items
8.
_________ provides medical benefits to low-income families with children and others in need who cannot afford medical insurance.
a)
Medicaid
b)
Medicare
c)
Life insurance
9.
The most important automobile coverage is _________.
a)
No-fault
b)
Liability
c)
Uninsured
d)
Underinsured motorist coverage
10.
____________ includes insurance policies for homes, cars, and businesses.
a)
Life insurance
b)
Property and casualty insurance
c)
Health insurance
d)
Disability insurance
11.
_________ provide compensation for medical care costs due to disease or injury.
a)
Automobile insurance
b)
Life insurance
c)
Health/medical insurance
d)
Homeowner's insurance
12.
__________ provides hospital, medical, and surgical benefits to individuals age 65 or older or those under 65 with certain disabilities.
a)
Life insurance
b)
Medicare
c)
Medicaid
13.
Provides compensation regardless of who was at fault
a)
Underinsured motorist
b)
Uninsured motorist
c)
Liability
d)
No-fault insurance
14.
Provides compensation for accidents caused by a driver who is either uninsured or underinsured
a)
Underinsured motorist
b)
Uninsured motorist
c)
No-fault insurance
d)
Liability
15.
________ refers to a legal liability to provide compensation for certain types of injury or loss.
a)
real property
b)
personal property
c)
automobile insurance
d)
liability
16.
Provides coverage for items not covered by an underinsured driver’s policy
a)
Underinsured motorist
b)
Uninsured motorist
c)
No-fault insurance
d)
Liability
17.
_________provided through government-sponsored programs that provide: Monthly benefits, Benefits to dependents of deceased workers, and Disability benefits
a)
Medicaid
b)
Medicare
c)
Long-term care
d)
Social insurance
18.
_______insurance covers theft, collision, vandalism, and damage from fire.
a)
Comprehensive auto insurance
b)
Homeowner's insurance
c)
Renter's insurance
d)
Health insurance
19.
_____policies include compensation for: nursing homes, home health care, institutional care, assisted living facilities, personal care, and ther related services for the elderly and disabled
a)
Long-term care
b)
Social insurance
c)
Medical insurance
d)
Life insurance
20.
A person or entity named in the insured’s will who should receive the benefits upon the insured’s death
a)
Asset
b)
Beneficiary
c)
Product option
d)
Dependent
21.
Anything not permanently attach, such as cars, RVs, furniture, clothing, and personal items.
a)
Real property
b)
Optional property
c)
Liability
d)
Personal property
22.
A person who relies on you for financial support
a)
Dependent
b)
Beneficiary
c)
Asset
d)
Product option
23.
The money and property you own
a)
Assets
b)
Dependents
c)
Beneficiary
d)
Agent
24.
Policies that provide compensation for nursing homes, home health care, assisted living facilities are covered under which insurance?
a)
Assisted living insurance
b)
Social insurance
c)
Unemployment insurance
d)
Long-term care insurance
25.
Which of the following is not covered by renter's insurance
a)
personal possessions
b)
liability
c)
the structure of the building
d)
shed
100 %
