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WorksheetsInsurance Basics
Total questions: 15
Worksheet time: 8mins
People take out insurance to minimise (a)
(a) insurance protects the personal belongings you have in your house should something happen, like theft.
The amount you have to pay each year to protect your assets with insurance.
Premium
Excess
Sum Insured
The total amount you can claim if something goes wrong.
Premium
Excess
Sum Insured
The amount that you have to pay if somethings goes wrong.
Premium
Excess
Sum Insured
What is the benefit of having a high excess value?
It increases the premiums that you have to pay.
It reduces the risk of smething going wrong
It reduces the premiums you have to pay each year.
Is your car protected with contents insurance?
YES
NO
If you want to protect your car from risk of theft or accidents, you have to have (a) insurance
The best type of vehicle insurance for 18 - 25yr old, to reduce their premiums, is
1st Party Insurance
2nd Party Insurance
3rd Party Insurance
4th Party Insurance
If something gets stollen from your car, which insurance do you need to have to get the item replaced?
contents insurance
vehicle insurance
health insurance
life insurance
What type of insurance do you need to pay for a large medical bill that you can't afford.
Contents Insurance
Vehicle Insurance
Health Insurance
Life Insurance
If you are flatting with other people, do you all have to have separate contents insurance policies for your stuff?
YES
NO
What type of insurance do you need to rebuild your house if it burns down in a fire?
Contents Insurance
Vehicle Insurance
Home Insurance
Life Insurance
Having insurance gives you peace of ____.
mind
cake
cash
risk
If you make lots of insurance claims, what happens to your premiums?
They go up, because you are now a great risk to the insurance company.
They stay the same
They go down, because you are now less of a risk to the insurance company.
