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Insurance & Identity Theft Review

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

The amount you pay to have insurance is the ___________.

a)

Premium

b)

Deductible

c)

Limit

2.

The maximum amount that an insurance company will pay on a claim is the____________.

a)

Premium

b)

Deductible

c)

Limit

3.

The amount that you pay when you make a claim is the ___________.

a)

Premium

b)

Deductible

c)

Limit

4.

Renters insurance is required for all renters.

a)

True

b)

False

5.

Which of the following factors will NOT affect your auto insurance premium costs?

a)

age

b)

marital status

c)

home value

d)

vehicle make and model

6.

Why is insurance important?

a)

It can eliminate risk of something bad happening

b)

It can lower the financial impact if something bad happens

c)

All types of insurance are required

d)

It is more of a luxury and isn't important to have

7.

T / F: All customers purchasing life insurance from the same company will pay the same amount (same premium).

a)

True

b)

False

8.

You've found out you are the victim of identity theft. When should you act?

a)

after you've monitored your bank accounts for one week

b)

after 24 hours

c)

immediately

9.

T / F: The safest passwords include a word found in the dictionary with various numbers and symbols.

a)

True

b)

False

10.

How often should the average person check their credit report?

a)

daily

b)

monthly

c)

yearly

d)

every 5 years