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insurance

Total questions: 23

Worksheet time: 12mins

Name
Class
Date
1.

When applying for insurance you must fill out a ...

a)

Claim Form

b)

Proposal Form

c)

Application Form

2.

A loading is ...

a)

Added to the insurance premium because of extra risk.

b)

A discount

c)

Because you are a bad driver.

3.

Car insurance is NOT compulsory in Ireland

a)

True

b)

False

4.

Which are the three types of Car Insurance available in Ireland. Choose three options below.

a)

Third Party Insurance

b)

Comprehensive Insurance

c)

Third Party, Fire and Theft Insurance.

d)

Full Insurance

e)

Accident Insurance

5.
The amount paid for insurance is the
a)
closing cost
b)
premium
c)
deductible
d)
assessed value
6.
Insurance that protects your family against financial loss due to your death is
a)
coinsurance
b)
disability insurance
c)
life insurance
d)
comprehensive insurance
7.
The type of insurance that provides protection against financial loss from medical bills is called
a)
health insurance
b)
coinsurance
c)
life insurance
d)
premium
8.
The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called
a)
term life insurance
b)
bodily insurance
c)
comprehensive
d)
collision
9.
This type of insurance pays the fees of other doctors who see you in or out of the hospital.
a)
hospitalization insurance
b)
disability insurance
c)
medical insurance
d)
life insurance
10.

What role does insurance play in financial planning?

a)

It guarantees that income and assets are protected

b)

It helps build and maintain one's credit score

c)

It helps cover day-to-day expenses

d)

It grows in value and appreciates over time

11.

The out of pocket cost to the insured when a loss occurs is called...

a)

Premium

b)

Deductible

12.

A stone hits your windshield. Which type of coverage would likely cover this expense?

a)

Collision

b)

Liability

c)

Comprehensive

d)

None

13.
A formal request to an insurance company asking for a payment when the policyholder has an acciden, illness or injury
a)
emergency savings
b)
coverage
c)
claim
d)
employee benefits
14.
Provides money to pay for health care for illness, injury, or, in some cases, preventative care
a)
automobile insurance
b)
disability insurance
c)
health insurance
d)
personal insurance
15.
The type of insurance that provides protection against financial loss from medical bills is called
a)
health insurance
b)
coinsurance
c)
life insurance
d)
premium
16.

fedility insurance protects me

a)

if a worker is stealing from me

b)

if i fall in my own business

c)

if my business makes a loss

d)

if a customer is hurt on my premises

17.

fire insurance does not cover

a)

damage to stock

b)

damage to premises

c)

damage to equipment

d)

damage to a company car if it is in the fire

18.

the insurance i task out incase someone fails to ay be the money they owe is called

a)

key person assurance

b)

bad debt insurance

c)

premium insurance

d)

product liability insurance

19.

public liability insurance protects me if

a)

staff are injured on my premises

b)

if customers are injured on my premises

c)

if any memeber of the public is injured on my property

20.

insurance protection me if my staff are injured while working is called

a)

key person insurance

b)

employer liability insurance

c)

consequential loss insurance

d)

public liability insurance

21.

which of the following are not examples of car insurance

a)

third party

b)

accidental damage

c)

third party fire and theft

d)

fully comprehensive

22.

product liability insurance protects me if

a)

my product damages a customer

b)

my product fails to sell

c)

my product gets damaged while being transported

23.

a worker falls in work breaking his leg, he claims off

a)

public liability insurance

b)

personal accident insurance

c)

employer liability insurance

d)

key person insurance