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Insurance Final Quiz

Total questions: 25

Worksheet time: 24mins

Name
Class
Date
1.

Life insurance that protects against loss of life for a specified period of time.

a)

Whole

b)

Term

2.

Life insurance that covers you for your entire life.

a)

Whole

b)

Term

3.

House insurance only covers the home NOT the contents inside the home.

a)

True

b)

False

4.

Type of Home Insurance that protects you from hail

a)

HO-1

b)

HO-2

c)

HO-3

d)

HO-5

5.

Type of Home Insurance that protects you from snow or ice

a)

HO-1

b)

HO-2

c)

HO-3

d)

HO-5

6.

Type of Home Insurance that protects you from all basic risks except flood, earthquakes, war and nuclear accidents

a)

HO-1

b)

HO-2

c)

HO-3

d)

HO-5

7.

If you have personal property that is very valuable you should purchase this in addition to normal insurance.

a)

Personal Property Floater

b)

HO-3 Policy

c)

SR-22

d)

Flood Insurance

8.

Flood insurance is a separate policy from your home insurance.

a)

True

b)

False

9.

You really should purchase life insurance during this time of your life

a)

Teenage Years

b)

College Years

c)

When raising & supporting a family

d)

Right before you die

10.

Which type of insurance is employer sponsored.

a)

Group

b)

Individual

11.

This insurance allows you to keep a former employer's group insurance for a set period of time after you leave the company.

a)

HMO

b)

PPO

c)

Cobra

d)

PPO

12.

This type of insurance pays for eye doctor visits, contacts and glasses.

a)

Dental

b)

Vision

c)

Prescription

d)

Cancer

13.

This type of insurance pays for people over 65 or with certain disabilities

a)

Medicare

b)

Medicaid

14.

Medicaid insurance takes care of people....

a)

Who are over 65 in nursing homes

b)

Who are low-income

15.

This insurance model allows you to see any provider and typically cost a little more.

a)

HMO

b)

PPO

16.

Insurance is the protection against possible __________.

a)

Accident

b)

Injury

c)

Financial Losses

d)

Crime

17.

The fee a policy holder pays to the insurance company in order to be insured.

a)

Coverage

b)

Policy

c)

Premium

d)

Cost

18.

The portion of the claim the policyholder must pay before the insurance company provides benefits.

a)

Premium

b)

Deductible

c)

Coverage

d)

Policy

19.

Collision insurance covers damages to the policyholders car.

a)

True

b)

False

20.

Texas Financial Responsibility Laws requires every driver to have proof of ______ insurance at all times.

a)

Liability

b)

Comprehensive

c)

Collision

d)

Full Coverage

21.

The document spells out all the details of your insurance.

a)

Policy

b)

Profile Sheet

c)

Premium

d)

Deductible

22.

If your dog bites someone in your yard, what insurance covers that persons medical bills? Think about it

a)

Your Auto Ins.

b)

Your Home Ins.

c)

Your Life Ins.

d)

Hour Medical Ins.

23.

Deductible is the portion you pay of the insurance claim.

a)

True

b)

False

24.

Coverage is the things protected in an insurance policy.

a)

True

b)

False

25.

The agreement or contract between an individual and an insurance company.

a)

Premium

b)

Policy

c)

Coverage

d)

Deductible