WorksheetsInsurance
Total questions: 20
Worksheet time: 10mins
The out of pocket cost to the insured when a loss occurs is called...
Premium
Deductible
A type of car insurance that covers damage to your OWN motor vehicle is
collision
comprehensive
bodily injury
uninsured motorist
This type of insurance should pay for damages if a tree that goes through your roof.
Product
Health
Homeowners
Life
This is the minimum required by law, only repairs the vehicle you hit, not your own
Liability
Collision
Comprehensive
Deductible
What does renters insurance cover?
The damage to the property
Earthquakes
Personal items the tenant owns
If a burglar breaks in and he/she is injured as a result
In which of the following scenarios will you obligated to pay the least amount of money out-‐of-‐pocket for medical expenses?
You have no insurance.
You have health insurance with a $500 deductible.
You have auto insurance with a $700 deductible.
You have health insurance with a $1,500 deductible.
Which type of Life Insurance policy only pays a beneficiary when a person dies during a pre-determined time period?
Term Life Insurance
Whole Life Insurance
Variable Life Insurance
Universal Life Insurance
Most experts in personal finance say that everyone should have life insurance no matter what age you are.
TRUE
FALSE
