wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Insurance W!SE

Total questions: 30

Worksheet time: 16mins

Name
Class
Date
1.

The out of pocket cost to the insured when a loss occurs is called...

a)

Premium

b)

Deductible

2.
The amount paid for insurance is the
a)
closing cost
b)
premium
c)
deductible
d)
assessed value
3.
Insurance that protects your family against financial loss due to your death is
a)
coinsurance
b)
disability insurance
c)
life insurance
d)
comprehensive insurance
4.
The type of insurance that provides protection against financial loss from medical bills is called
a)
health insurance
b)
coinsurance
c)
life insurance
d)
premium
5.
The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called
a)
term life insurance
b)
bodily insurance
c)
comprehensive
d)
collision
6.
This type of insurance pays the fees of other doctors who see you in or out of the hospital.
a)
hospitalization insurance
b)
disability insurance
c)
medical insurance
d)
life insurance
7.
If you can not work due to a health condition or injury, this type of insurance will pay you a portion of the income you lose.
a)
disability
b)
health
c)
premium
d)
hospitalization
8.
A formal request to an insurance company asking for a payment when the policyholder has an acciden, illness or injury
a)
emergency savings
b)
coverage
c)
claim
d)
employee benefits
9.

This type of insurance should pay for damages if a tree that goes through your roof.

a)

Product

b)

Health

c)

Homeowners

d)

Life

10.

This is the minimum required by law, only repairs the vehicle you hit, not your own

a)

Liability

b)

Collision

c)

Comprehensive

d)

Deductible

11.

What does renters insurance cover?

a)

The damage to the property

b)

Earthquakes

c)

Personal items the tenant owns

d)

If a burglar breaks in and he/she is injured as a result

12.
Someone who receives money if an insured person dies
a)
claim
b)
beneficiary
c)
dependent
d)
employee benefits
13.
Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
a)
employee benefits
b)
co-insurance
c)
deductible
d)
coverage
14.
Someone who relies on someone else for income and care
a)
beneficiary
b)
claim
c)
deductible
d)
dependent
15.

A licensed representative who handles the purchase of insurance between the customer and the insurance company.

a)

Business Agent

b)

Insurance Agent

c)

Free Agent

d)

Bond Agent

16.

Death, injury, or damage that could result in an insurance claim.

a)

Term

b)

Loss

c)

Deductible

d)

Premium

17.

A contract of insurance

a)

Policy

b)

Premium

c)

Deductible

d)

Claim

18.

The person to whom an insurance policy is issued.

a)

Agent

b)

Salesman

c)

Broker

d)

Policyholder

19.

Automobile, home, and renters are types of

a)

Property Insurance

b)

Adjustable Insurance

c)

Premium Insurance

d)

Life Insurance

20.

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

21.
Protection for your identity to clean things up when you experience fraud.
a)
identity theft
b)
property
c)
liability
d)
premium
22.
Bodily injury covers your liability for injury to
a)
yourself
b)
property
c)
others
d)
other cars
23.
The type of insurance that covers damage or loss to a vehicle from fire, theft, vandalism, or hail is called
a)
term life insurance
b)
bodily insurance
c)
comprehensive
d)
collision
24.
Surgical insurance covers the fees of
a)
teachers who teach
b)
professors who instruct
c)
truck drivers who drive
d)
doctors who perform surgery
25.
Anthony goes to the doctor and receives a prescription for medication to recover from the flu. What type of insurance can be used in this situation?
a)
health
b)
disability
c)
life
d)
unemployment 
26.
Wearing a helmet while riding a bike is an example of:
a)
risk avoidance
b)
risk reduction
c)

risk assumption (ignore risk)

d)

risk shifting (transfer risk)

27.
Which of the following is NOT a risk management strategy?
a)
risk analysis
b)

risk assumption (ignore risk)

c)

risk shifting (transfer risk)

d)
risk reduction
28.

What kind of coverage pays for damages to your car if you are at fault?

a)

Collision

b)

Comprehensive

c)

Under-insured Motorist

d)

Uninsured Motorist

29.

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

30.
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

Similar Resources on Wayground

NGPF Banking Lessons 1 - 8 Test

26 questions

NGPF Banking Lessons 1 - 8 Test

quiz

Worksheet

•

9th - 12th Grade

Credit & Debt Quiz

25 questions

Credit & Debt Quiz

quiz

Worksheet

•

9th Grade

Budgeting

25 questions

Budgeting

quiz

Worksheet

•

12th Grade

EPF Review Part 1

25 questions

EPF Review Part 1

quiz

Worksheet

•

9th - 12th Grade

QUEST - F24 - CR - Getting Paid and Paying Taxes

25 questions

QUEST - F24 - CR - Getting Paid and Paying Taxes

quiz

Worksheet

•

12th Grade

Tax Form Completion Quiz

25 questions

Tax Form Completion Quiz

quiz

Worksheet

•

11th Grade - University

Chapter 14 - Team Open Note Quiz

25 questions

Chapter 14 - Team Open Note Quiz

quiz

Worksheet

•

12th Grade

Chapter 3: Income Taxes - Chapter Exam Review

25 questions

Chapter 3: Income Taxes - Chapter Exam Review

quiz

Worksheet

•

12th Grade