WorksheetsWISE Insurance Questions Munn
Total questions: 40
Worksheet time: 20mins
Wearing a seat belt, not texting when driving, and driving carefully are all examples of...
insurance policies
warranties
risk management strategies
deductibles
Which is not an example of a risk management strategy?
Wearing a seat belt while driving
Wearing a helmet while biking
Wearing reflective clothing while biking at night
Buying a new car
Why is it important to have insurance?
So people can protect themselves from losing a lot of money in the event something happens to them or their property
So individuals can defend against the possibility of financial loss due to an unpredictable event
So people can engage in risky behavior without financial consequences
Both option A and B
Something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as...
risk management
insurance
What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something happens to them or their property?
Deductibles
Insurance
Warranty
Liability
When filing an insurance claim, the policyholder must pay a ______, which is the amount you owe before insurance will cover the rest of the bill.
Premium
Deductible
Contract fee
Commission
An insurance deductible is...
the amount you owe before insurance will cover the rest of the bill
the contract fee applied to the monthly premium
a commission paid to the agency for the purchase of a policy
the monthly premium on an insurance policy
Liability insurance is...
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident
insurance that will pay for damage to your car in the event of an accident
insurance that will pay for damage done by someone who doesn't have insurance
Insurance that will cover injuries to yourself in the event of an accident
Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called...
uninsured motorist insurance
collision insurance
comprehensive insurance
liability insurance
What does liability insurance not cover in the event of an accident?
Injury to yourself
Injury to the other driver
Damage to someone else's property
Damage to someone else's car
What is a consequence of not having health insurance?
You must pay all costs for health care and medical emergencies
You're not allowed to go to a hospital
You will get a lower standard of care from doctors
Which of the following is a reason someone should get health insurance?
Health insurance allows all medical procedures to be covered for free.
People with health insurance can get faster access to medical care at emergency rooms.
Health insurance protects you financially from medical emergencies.
Most health insurance policies also cover non-medical procedures.
Which of the following is not an advantage of having health insurance?
Health insurance allows some medical procedures to be covered by a low cost co-pay.
People with health insurance can skip lines in emergency rooms.
Health insurance lowers your risk of acquiring medical debt.
Health insurance protects you financially from medical emergencies.
Wearing a seat belt, not texting when driving, and driving carefully are all examples of...
insurance policies
warranties
risk management strategies
deductibles
Which is not an example of a risk management strategy?
Wearing reflective clothing while biking at night
Buying a new car
Wearing a helmet while biking
Wearing a seat belt while driving
An example of a risk management strategy is...
wearing a seat belt while driving
carpooling
wearing a helmet when biking
What should you NOT use a loan to purchase?
A house
Tuition for higher education
Airline tickets to your dream vacation
A car
What is a risk management strategy you could use to protect your home?
Buying a home security system
Installing front porch cameras to monitor your home
Purchasing reflective clothing to wear while biking at night
A and B
How is having a security system for your home a risk management strategy?
The security system will allow you to keep your doors unlocked.
The security system will alert authorities and deter criminals
Something people buy to protect themselves from losing a lot of money in the event something happens to them or their property is known as...
Risk management
Liability
Warranty
Insurance
What do people purchase as a form of risk management to protect themselves from losing a lot of money in the event something happens to them or their property?
Insurance
Deductibles
Warranty
Liability
What can insurance protect you from?
Theft
Contract fees
Financial loss
How can insurance protect you from financial loss?
Insurance can cover you or your property in case of an accident, theft, or another unpredictable event.
Insurance can offer easy monthly payment options for premiums.
Insurance can offer low co-insurance policies.
Insurance can offer warranties on household items.
Why should you purchase insurance?
To prevent financial burden in the case of an accident, theft, or another event.
To get a warranty on a household item.
To purchase monthly premiums.
To avoid committing a crime.
When filing an insurance claim, the policyholder must pay a ________, which is the amount you owe before insurance will cover the rest of the bill.
deductible
premium
contract fee
commission
An insurance deductible is...
the monthly premium on an insurance policy
a commission paid to the agency for the purchase of a policy
the amount you owe before insurance will cover the rest of the bill
the contract fee applied to the monthly premium.
A deductible is paid by...
the insurance company
the policyholder
the claims adjuster
An insurance premium is...
the amount of money you pay for an insurance policy.
the amount of money you have to pay for services before insurance covers the rest.
a commission paid to the agency for the purchase of a policy.
an extra fee you need to pay your insurance for filing a claim out of network.
An insurance premium is paid by...
the insurance company.
the claims adjuster.
the government.
the policyholder.
Insurance that will pay for injury to another driver and/or damage to their car if you are in an accident is called...
comprehensive insurance.
liability insurance.
collision insurance.
uninsured motorist insurance.
Liability insurance is...
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident.
insurance that will pay for damage to your car in the event of an accident.
insurance that will pay for damage done by someone who doesn’t have insurance.
Insurance that will cover injuries to yourself in the event of an accident.
What does liability insurance not cover in the event of an accident?
Damage to someone else’s car
Damage to someone else’s property
Injury to yourself
Injury to the other driver
Collision insurance is...
insurance that will pay for injury to another driver and/or damage to their car if you are in an accident.
insurance that will pay for damage to your car by someone who doesn’t have insurance.
insurance that will cover injuries to yourself in the event of an accident.
insurance that will pay to get your car fixed in the event of an accident.
Insurance that covers damage to your car from an accident is called...
collision insurance.
liability insurance.
comprehensive insurance.
What will collision insurance cover in the event of an accident?
Damage to someone else's car
Damage to your car
Damage to someone else's property
Bodily injuries
What is a consequence of not having health insurance?
You must pay all costs for health care and medical emergencies
You're not allowed to go to a hospital
You will get a lower standard of care from doctors
You can only see doctors in your home state
Which of the following is a reason someone should get health insurance?
Health insurance allows all medical procedures to be covered for free.
People with health insurance can get faster access to medical care at emergency rooms.
Health insurance protects you financially from medical emergencies.
Most health insurance policies also cover non-medical procedures.
When is it ok not to have health insurance?
If you are young and healthy.
You should always have health insurance.
If you do not have a full time job.
If you are a student under the age of 26.
All of the following are true about health insurance except:
Purchasing health care can help save you from medical bankruptcy
Health insurance decreases your healthcare costs
If you don't have health insurance, you pay all costs for healthcare and medical emergencies
Being young and healthy means you can skip out on health insurance
Choose the statement that is true about health insurance.
You should always have health insurance, regardless of your circumstances
You don’t need health insurance if you are under age 26
You don’t need health insurance if you are young and healthy
You do not need health insurance if you do not have a full time job
