WorksheetsJunior Cycle Insurance
Total questions: 10
Worksheet time: 6mins
The person who calculates the premiums
Broker
Loss adjuster
Actuary
Agent
You fill out a proposal form when you want to
Make a claim
Apply for insurance
Apply for compensation
Enquire about insurance
The rule that you cannot profit from insurance is called
Indemnity
Identity
Insurable interest
Subrogation
Which of these helps you to shop around for insurance?
Agent
Assessor
Actuary
Broker
A house worth €300,000 will cost €5 per 1000 to insure. How much will the premium be?
€500
€3000
€1500
€150
If you are seen as a high risk, for example if you smoke the insurance company will add a....
Reduction
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No claims bonus
Premium
Which two of these insurances are required by law?
Motor
House contents
PRSI
Life
The minimum motor insurance required by law is
Comprehensive
Third party fire and theft
Third party
All three
A house that have a market value of €400,000 is insured by its owner for €300,000. How much compensation would they get if a fire caused €80,000 worth of damage?
€80,000
€60,000
€300,000
€400,000
Which two principles (rules) of insurance apply when you are taking out insurance?
Insurable interest
Subrogation
Contribution
Utmost good faith
