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WorksheetsInsurance and Charitable Contributions Quiz
Total questions: 10
Worksheet time: 5mins
What is a deductible in insurance?
Coverage for all sums that the insured becomes legally obligated to pay
The written contract of insurance
The amount of money an insurance company charges for insurance coverage
Amount of money you have to pay before the insurance will pay
What is the main benefit of charitable giving?
A feeling of joy that comes with helping society
Legal requirements (e.g., auto insurance)
Money out of pocket
Coverage of unexpected expenses
What does comprehensive insurance cover?
The amount of money an insurance company charges for insurance coverage
Theft, vandalism, glass and windshield damage
Accidents with animals, weather, or other acts of nature
Fire, accidents with animals, weather, or other acts of nature
What is the purpose of life insurance?
Coverage for all sums that the insured becomes legally obligated to pay
A feeling of joy that comes with helping society
Provides financial protection against overwhelming medical expenses
Financial protection for a family in case the main source of income dies
What is the main benefit of buying insurance?
A feeling of joy that comes with helping society
Legal requirements (e.g., auto insurance)
Coverage of unexpected expenses
Money out of pocket
What is the purpose of nonprofit organizations?
A legal organization providing services or activities without commercial or monetary gain
A feeling of joy that comes with helping society
Organized for purposes other than earning a profit
Coverage for all sums that the insured becomes legally obligated to pay
What is the coverage of personal injury in auto insurance?
Auto insurance coverage that pays for your own medical care, lost wages and other related expenses
Coverage for all sums that the insured becomes legally obligated to pay
Amount of money you have to pay before the insurance will pay
The amount of money an insurance company charges for insurance coverage
What is the main disadvantage of car insurance for young people?
Coverage for all sums that the insured becomes legally obligated to pay
Cost less for younger drivers
No disadvantage for young drivers
More expensive for young people especially males
What is the purpose of reporting a claim in insurance?
The amount of money an insurance company charges for insurance coverage
Contact your insurance provider to report your accident
Amount of money you have to pay before the insurance will pay
Coverage for all sums that the insured becomes legally obligated to pay
What is the purpose of tax benefits in charitable giving?
Coverage of unexpected expenses
A feeling of joy that comes with helping society
Depending upon your level of income, you may be able to deduct all or part of your donations from your personal income taxes
Money out of pocket
