WorksheetsInsurance Unit Test Review
Total questions: 18
Worksheet time: 10mins
Car insurance uses these factors to determine your premium, EXCEPT...
Credit History
Type of residence
Type of vehicle
Driving history
Insurance companies make money by (a) .
Your monthly payment to your insurer, regardle of whether you use any services is called (a) .
If you have an auto insurance policy and get into multiple accidents within one year, your premium amount will _.
(a)
A type of auto insurance that can cover you in the event of a crash or accident with another vehicle or object if your car needs to be repaired.
Collision
Comprehensive
Property liability
Deductible
The amount you pay for covered services before your insurance plan starts to pay.
Deductible
Premium
Co-insurance
Comprehensive
If you are responsible for a car accident, this type of coverage pays for the medical costs of the people who are injured (not including yourself).
Collision
Property liability
Comprehensive
Bodily Injury Liability
The percentage of costs of a covered health care service you pay (20%, for example) after you've paid your deductible.
Premium
Deductible
Co-insurance (co-pay)
Out-of-pocket expenses
(a) is an insurance plan that will provide income for illnesses and injuries that will take years to recover from.
Insurance that financially protects any other vehicles and people that are involved in a car accident with you in addition to yourself.
Co-insurance
Property liability
Comprehensive
Long term disability
(a) provides health plan shopping and enrollment services through websites, call centers, and in-person help.
Your expenses for medical care that are not reimbursed by insurance.
Premium
Out-of-pocket
Liability
Deductible
_ generally provides insurance for individuals in low-income households.
(a)
In almost every state, you are required to have auto insurance that covers if you (a) .
(a) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person.
Insuarnce companies operate by charging individuals different prices for coverage depending on their risk levels. Then, they collect everyone's monthly premiums together and use the money to make payments when people file a claim. This is called....
Risk pooling
High deductible
Low deductible
Renters insurance
_ insurance pays, partly or in total, for veterinary treatment of the insured person's ill or injured pet.
(a)
Health plan that has a higher deductible, but typically lower monthly premiums
Employer-sponsored health plans
Life Insurance
High deductible health plan
Renters insurance
