NEW
Font size
WorksheetsAutomotive Warranties
Total questions: 10
Worksheet time: 5mins
Which of the following protects a consumer from problems that are not covered by traditional insurance?
Premiums
Deductibles
Risk Coverage
Extended Warranties
With an extended warranty, you may still have to pay a fee or deductible.
TRUE
FALSE
How much risk or liability is protected with an insurance policy is the coverage of the policy.
TRUE
FALSE
What is the fee people pay for insurance protection?
Coverage
Deductible
Premium
Risk
Risk is the
amount of premium paid for a policy
coverage required to insure a car or house.
likelihood or chance of an event occurring
chance of loss.
The amount a person must pay for expenses before the insurance company pays is called
Coverage
Deductible
Premium
Risk
The likelihood or chance of an event occurring is called
Coverage
Deductible
Premium
Probability
Which of the following is a possible benefit of extended warranties?
Ease of finding a repair provider
Maintenance standards
Length of wait for a completed repair
Free Repairs
Which of the following is a possible cost of extended warranties?
Peace of mind
Ease of finding a repair provider
Maintenance Standards
Free Repairs
Those who are more willing to accept personal risk are more likely to save each month for unexpected events rather than purchase an extended warranty.
TRUE
FALSE
