WorksheetsProperty insurance
Total questions: 10
Worksheet time: 8mins
What role does insurance play in financial planning?
It guarantees that income and assets are protected
It helps build and maintain one's credit score
it grows in value and appreciates over time
it helps cover day-to-day expenses
What factors impact the cost of your auto insurance premium?(hint: choose 3 correct answers)
Deductible amount
The vehicle you are insuring
Your credit score
Your income
Which of the following wouldn't save you money on your auto insurance premium?
Decrease your deductible
Reduce or eliminate optional insurance on an older vehicle
Maintain a good credit history
Bundle your insurance with other policies
Which of the following would be covered under a renter's insurance policy?
Medical bills of another person who is injured on the property
Damage to the exterior of the property
Damage to a detached shed on the property
Your roommate's personal belongings in the rental unit
What information is typically listed on an insurance policy? (hint: choose 3 correct answers)
Actual Cash Value of the property being insured
Name of person or property being insured
Deductible amounts
The policy period
True or False: Insurance is based on the concept of shared risk, or risk pooling.
True
False
The amount paid for insurance is the
premium
assessed value
closing cost
Deductible
Insurance that protects your family against financial loss due to your death is
coinsurance
disability insurance
life insurance
comprehensive insurance
The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called
term life insurance
bodily insurance
comprehensive
Collision
This term pays for protection against loss of life, property, and finances.
collision
premium
deductible
Insurance
