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insurance triva

Total questions: 20

Worksheet time: 14mins

Name
Class
Date
1.

how does credit effect auto insurance

a)

your credit score doesn't effect it at all

b)

a lower score can cause you to pay less in auto insurance

c)

a high credit score can cause lower auto insurance rate

d)

a high credit score causes higher auto insurance quotes

2.

a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.

(a)  

3.

all except which plays an important role in auto insurance

a)

age

b)

credit score

c)

color of car

d)

type of car

4.
Of the four parts of auto insurance coverage, which part protects only the other person involved in an accident?
a)
Liability
b)
Comprehensive
c)
Collision
d)
Medical Payments/Bodily Injury
5.
Someone who receives money if an insured person dies
a)
claim
b)
beneficiary
c)
dependent
d)
employee benefits
6.
The risks covered and amount of money paid for losses under an insurance policy
a)
emergency savings
b)
beneficiary
c)
claim
d)
coverage
7.
Provides payment to replace earnings during times when workers cannot work due to illness or injury
a)
disability insurance
b)
dependent
c)
emergency savings
d)
beneficiary
8.

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

a)

Premium

b)

Deductible

9.
What is the main purpose of disability insurance?
a)
To provide replacement income if you have an accident or illness and can't work
b)
To cover your medical expenses if you have a accident or illness and can't work
c)
To provide your family with income when you retire
d)
To provide replacement income and cover all of your medical expenses if you have an accident or illness and can't work
10.
A computer technician is in an accident on his way home from work and breaks both wrists.  Which of his insurance plans will provide him with income while he is out of work recovering for six weeks?
a)
short-term disability insurance
b)
long-term disability insurance
c)
worker's compensation
d)
health insurance
11.
What is life insurance?
a)
Insurance that insures your own life
b)
Insurance that insures your car
c)
Insurance that insures your home
d)
Money that is paid to you to live
12.
Term coverage allows a person to be insured for their entire life.
a)
True 
b)
False
13.
Bodily injury covers your liability for injury to
a)
yourself
b)
property
c)
others
d)
other cars
14.
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
15.

___________ ______________offers health care coverage where the health care provider is paid a predetermined dollar amount for the service given

a)

term life

b)

whole life

c)

cash value

d)

traditional plan

16.

This type of insurance pays for eye doctor visits, contacts and glasses.

a)

Dental

b)

Vision

c)

Prescription

d)

Cancer

17.

This type of insurance pays for people over 65 or with certain disabilities

a)

Medicare

b)

Medicaid

18.

Medicaid insurance takes care of people....

a)

Who are over 65 in nursing homes

b)

Who are low-income

19.

What does Renters Insurance cover?

a)

damaging your own property

b)

moving out

c)

break-ins

d)

pets

20.

What does Renters Insurance NOT cover?

a)

Personal Property

b)

neighbors lost property

c)

Liability

d)

Additional Living Expenses