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WorksheetsChapter 20 Insurance
Total questions: 25
Worksheet time: 13mins
Bodily injury liability auto insurance covers all of the following EXCEPT
passengers riding with the policyholder
pedestrians
the policyholder
people in other cars
Homeowners insurance that actually replaces an item that has been destroyed is known as ____.
a comprehensive policy
a replacement policy
an all-risk policy
an exceptions policy
Coverage for losses caused by another driver whose coverage is insufficient is called _____.
collision coverage
medical payments coverage
comprehensive coverage
underinsured motorist coverage
Which of the following is NOT a way to reduce your automobile insurance costs?
complete a driver education course
maintain good grades
increase your deductible
pay monthly instead of semi-monthly
Which of the following perils is covered by the basic form of a homeowners policy?
explosion
theft
windstorm/hail
all of the above
Insurance feature that helps to pay for the living costs you would incur if something happened to your home.
personal property
personal liability
additional living expenses
property insurance
The most important factor that influences homeowners insurance premiums is
the estimated danger of loss based on the insurance company's past experiences
the value of the insured property
the distance to the nearest fire department
the insured's credit rating
To have an insurable interest in the life of another person, you must
be related by blood to that person
receive some kind of financial benefit from that person's continued life
work in the same office or factory as that person
both a and b but not c
The most important feature of universal life insurance is that
the investment portion earns a variable rate of return
the death benefit always exceeds the cash value
the premiums are fixed and regular
the payment period is for the life of the insured
the person named in the policy to receive the insurance benefits
insured
beneficiary
policy holder
policy owner
Which of the following types of life insurance does NOT have a cash value?
limited life
ordinary life
term life
all life insurance policies have a cash value
Refers to the amount of money that the insurance company will pay if the policyholder decides the insurance is no longer needed.
face value
cash value
remaining value
term value
A dependent is
the person who receives money when the insured dies
a person who must rely on another for financial support
the person who buys a life insurance policy
someone who is employed by another person
This type of health insurance provides protection against the high costs of serious illnesses or injuries.
regular medical insurance
surgical insurance
hospital insurance
major medical insurance
Policyholders and family members are covered if they are injured while riding in their car or another car through _____ payments coverage.
comprehensive
uninsured
medical
peril
coverage that protects the insured against almost all damage losses except those caused from a collision or rollover
comprehensive
uninsured
no-fault
peril
the amount you must pay before an insurance company will pay a claim
premium
deductible
depreciation
policy
the most common form of home and property insurance policy sold today
homeowners
comprehensive
personal
peril
a cause of loss to property, such as fire, wind, or theft
deductible
disaster
permanent
peril
the decrease in the value of property due to age and other factors
net worth
proxy
depreciation
peril
the sharing of expenses by the policyholder and the insurance company
deductible
coinsurance
hospital insurance
depreciation
a national program of health insurance designed to help people aged 65 and older pay for health care
Medicaid
Medicare
Blue Cross Blue Shield
Healthlink
Which of the following is the fastest-growing type of insurance protection?
major medical insurance
dental insurance
vision care insurance
long-term care insurance
insurance that covers injuries caused by hit-and-run drivers or by drivers without insurance
no-fault
comprehensive
uninsured
medical
Rebekka's ten-year-old couch was destroyed by fire. Her insurance company paid her the cost of buying a brand-new couch. This indicates that Rebekka had purchased
depreciation insurance
replacement insurance
liability insurance
basic homeowners insurance
