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WorksheetsInsurance Review
Total questions: 25
Worksheet time: 13mins
Which of the following are examples of risk management?
wearing a seat belt
not texting while driving
shoveling your front sidewalk
all of these
Why is insurance important?
so you can engage in risk and not worry
so you can not worry about paying any money when accidents happen
so you can protect yourself from losing alot of money in the event something happens to you or your property
none of these
Which is TRUE of health insurance?
you can only use only the doctors in your state
you might get a lower standard of care if you don't have insurance
you won't be able to go to a hospital without insurance
selecting in-network doctors instead of out-of-network doctors can save you money
The policyholder will have to pay a ____________ per incident or loss in an insurance claim.
coinsurance fee
deductible
claim
premium
Which of the following will liability insurance cover?
your own medical expenses
property damage to your car
either bodily injury or property damage to someone else or their vehicle
none of these will be covered
The amount you pay for insurance is called a _____________.
premium
claim
deductible
liability
Risk involves:
a chance of loss or injury
unpredictability
uncertainty
all of these are involved with risk
Which of the following is TRUE of homeowner's insurance?
it is a good idea to document your personal belongings by a list, videotape or photos so that you can speed up an insurance claim
homeowner's insurance will cover only the inside of your home if you put in a claim
home insurance will not cover any person who becomes hurt on your property
damage to a shed or other attached structures would not be covered under homeowner's insurance
Carly has an expensive original painting that has been handed down from her great-grandmother. Which of the following would be the best way for Carly to insure such an item?
under the liability section of her homeowner's insurance policy
under the comprehensive section of her homeowner's insurance policy
with a personal property floater
with a added coverage for "additional living expenses"
How much you pay for insurance depends upon which of the following?
the type of policy you select
the amount of coverage or limit you select
the deductible amount
all of these will affect how much you pay for insurance
Which of the following will lower your car insurance?
getting good grades in school
not having any speeding tickets
selecting a higher deductible
all of these can lower your car insurance
If you are driving and a passenger in your car is hurt, which insurance will cover that person?
property damage liability
bodily injury liability
comprehensive
collision
Which of the following will cover your car if it is hit by an animal that runs out in front of it suddenly?
collision
comprehensive
property damage liability
none of these
Which insurance protects you when you drive someone else's vehicle (with their permission)?
bodily injury liability
comprehensive
property damage liability
collision
If an earthquake hits and your car is damaged, which type of insurance would cover your car?
coliision
property damage liability
comprehensive
bodily injury liability
If you drive without car insurance, you risk:
getting a high fine
having your driving license suspended
both of these
Which of the following can also cover lost wages if you cannot work due to an injury sustained from a car accident?
Comprehensive
Collision
Personal Injury Protection
Liability
What does the 100 stand for in the following representation of insurance coverage:
200/500/100
$100 limit bodily injury liability
$100,000 limit bodily injury liability
$100 limit property damage liability
$100,000 limit property damage liability
Which type of value will give you the replacement cost of an item minus depreciation?
actual cash value
replacement value
full value
none of these
Which factors determine the risk of an applicant when determining health insurance?
the person's health
the person's gender
the age of the person
all of these factors are considered
Which insurance combines features of the health maintenance organization and preferred provider organization plans?
the Point-of-Service Plan
the HMO
the PPO
the Coinsurance Plan
Sarah goes to an out-of-network doctor. What will she be responsible for paying?
coinsurance only
coinsurance and deductible
deductible only
nothing; everything will be covered because she is going to an out-of-network doctor.
Which of the following is FALSE concerning Worker's Compensation?
It provides coverage for workers injured at work
you need to go to your employer's doctor to be covered
it allows you to pay for continuation to your health coverage if you become unemployed
it provides lifelong protection
Which of the following is FALSE concerning Term Life Insurance?
it accumulates a cash value
it provides coverage for a specific period of time or term
it provides a death benefit only if you die during the term
it doesn't accumulate a cash value
Which of the following is FALSE concerning Disability Insurance?
it may be provided by Social Security
it is provided by your employer
it provides a portion of income in the event of an accident
it provides a portion of income in the event of an illness
