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Types of Insurance

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.
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
2.
Of the four parts of auto insurance coverage, which part will pay for repairing your car?
a)
Liability
b)
Comprehensive
c)
Collision
d)
Medical Payments/Bodily Injury
3.
Of the four parts of auto insurance coverage, which part protects your from acts of God?
a)
Comprehensive
b)
Liability
c)
Collision
d)
Medical Payments/Bodily Injury
4.
The color of your vehicle can increase the cost of your insurance premiums.
a)
True
b)
False
5.
The amount of money you have to pay out of your own pocket before the insurance pays is called the _____________
a)
Premium
b)
Estimate
c)
Deductible
d)
Co-Pay
6.
The amount you pay for an insurance policy.
a)
Rider
b)
Premium
c)
Deductible
d)
Co-Pay
7.
Which of the following is a way to reduce the cost of your insurance premium?
a)
Good grades
b)
Number of miles you drive
c)
Where you live
d)
All answers are correct
8.

Which of the following does NOT effect the cost of your car insurance?

a)

Your Age

b)

Gender

c)

Driving Record

d)

Drivers Test Score

9.

Which of the following is a way to lower your insurance premium?

a)

have a good driving record

b)

be involved in sports

c)

have a parent with you at all times

d)

buy a sports car

10.

Car B is not insured, what is one way Car A can have the damages paid for.

a)

If car A has liability coverage

b)

If car A has Under-insured Motorist coverage

c)

If car A has Uninsured Motorists coverage

d)

If car A has Comprehensive coverage

11.

Who needs auto insurance?

a)

Nobody

b)

People that think they will get into an accident.

c)

All people who drive cars.

d)

People who can afford it.

12.

A formal request made by the insurance policyholder to the insurance company for payment or services covered by the insurance policy.

a)

Claim

b)

Accident

c)

Premium

d)

Coverage

13.

An type of car insurance policy that provides complete protection.

a)

Deductible

b)

Comprehensive

c)

Liability

d)

Total

14.

A payment made monthly, twice a year, or yearly, for an insurance policy.

a)

Premium

b)

Copay

c)

Tax

d)

Benefit

15.

Chance or possibility of injury, damage, or loss that someone may want an insurance policy to cover.

a)

Debt

b)

Risk

c)

Premium

d)

Agent

16.
Insurance to protect your personal home.
a)
comprehensive 
b)
renter's
c)
property damage
d)
homeowner’s 
17.
Insurance to protect your personal items in your rented apartment or rented house.
a)
homeowners
b)
renters
c)
property
d)
liability
18.
Insurance that helps cover your income from a job when you can no longer do your job due to health reasons.
a)
life
b)
medical
c)
long term care
d)
disability
19.
Insurance that will pay someone you have chosen in the event you die.
a)
long-term care
b)
life
c)
risk
d)
broad collision
20.

A financial product purchased by many people facing a similar risk to protect against the risk of larger losses is called:

a)

insurance

b)

emergency savings

c)

policy

d)

premium